Updated 4 Days Ago
Location
509 Cape Ave, Raleigh, NC 27601, USA
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Property Overview
50 photos offer a strong visual preview of the property, making it easier to get a quick sense of the space and condition. The listing’s presentation is a clear plus, and the overall impression is helpful for renters looking to review details before taking the next step.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Balcony- Images Available
Great for
Social life
Amenities for 509 Cape Ave
Apartment Amenities
| Deck |
Grounds
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Lease terms | 12+ months |
|---|
About 509 Cape Ave
1 bedroom 1 bathroom beautifully renovated unit on a large corner lot with plenty of parking on and off street with very little traffic. This amazing location offers walkable downtown living while offering views of open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 509 Cape Ave, Raleigh, NC 27601, USA compares to other nearby properties.
Positives
- Balcony
- Easy access to the outdoors
- Images Available
- There are at least 10 photos of this property
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 0.4 miles away
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 27601 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Raleigh
1-bedroom apartments at 509 Cape Ave cost about 7% less than the average rent price for 1-bedroom apartments in Raleigh.
Median rents as of Oct 31 2026.
Raleigh
| Month | Median Rent |
|---|---|
| November 2024 | $1,248 |
| December 2024 | $1,249 |
| January 2025 | $1,263 |
| February 2025 | $1,263 |
| March 2025 | $1,257 |
| April 2025 | $1,266 |
| May 2025 | $1,284 |
| June 2025 | $1,287 |
| July 2025 | $1,291 |
| August 2025 | $1,293 |
| September 2025 | $1,284 |
| October 2025 | $1,261 |
| November 2025 | $1,243 |
| December 2025 | $1,227 |
| January 2026 | $1,245 |
| February 2026 | $1,238 |
| March 2026 | $1,205 |
| April 2026 | $1,252 |
| May 2026 | $1,284 |
| June 2026 | $1,290 |
| July 2026 | $1,283 |
| August 2026 | $1,263 |
| September 2026 | $1,255 |
| October 2026 | $1,246 |
Affordability calculator
Can I afford to live at 509 Cape Ave?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 1-bedroom monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 5 months ago | $1,095 | 1 bed | 1 bath |
Schools near 509 Cape Ave
Southeast Raleigh Elementary School
1436 rock quarry rd
raleigh, NC, 27610
PK, K-5Public
C
Governor Morehead School for the Blind
303 ashe ave
raleigh, NC, 27606
K-12Public
Rogers Lane Elementary
201 north rogers ln
raleigh, NC, 27610
PK, K-5Public
C+
Mount Vernon Middle School
5418 chapel hill rd
raleigh, NC, 27607
K-8Public
C+
Beaverdam Elementary School
3591 tarheel club rd
raleigh, NC, 27604
PK, K-5Public
B-
Neighborhood
Getting around Raleigh near 509 Cape Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 509 Cape Ave, Raleigh
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
4/10
Some bars within a few minutes’ walk
Other units at this address
509 Cape Ave, Raleigh, NC
509 Cape Ave Raleigh, NC
Occupied
511
1 Bed
1 Bath
$1,095
Air Conditioning
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