Comptroveby RentSpire

128 W South St

128 W SOUTH ST, Raleigh, NC, 27601

Market rate 108 units (unit count basis: listing-reported) FEMA/NRI hazard read: Very Low

Asking & effective rent by bedroom

Average asking rent across observed units: $785. Average effective rent: $785.

TypeAsking rentEffective rentAvg sqftObservations
2 bedroom$490$4902,4192
3 bedroom$942$9421,96610
4+ bedroom$459$4592,4193

HUD Fair Market Rent gap

HUD area: Raleigh, NC MSA.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
233 S Wilmington St Raleigh, NC 0.39 mi $783 73%
110 S Mcdowell St Raleigh, NC 0.46 mi $785 72%
416 Dorothea Dr Raleigh, NC 0.34 mi $1,863 65%
116 St Marys St Raleigh, NC 0.81 mi $1,856 63%
511 Faye Raleigh, NC 0.18 mi $1,705 57%
Luxury High Rise Apartments in Raleigh, NC 0.36 mi $1,842 55%
Cortland Glenwood South Raleigh, NC 1.11 mi $2,346 55%
121 Kindley St Raleigh, NC 0.2 mi $2,112 55%

Sources & provenance

Sourced from https://raleighrealty.com/ — 15 observation(s), last observed Jul 28, 2026.

Data age: 20 days. Last observed: Jul 28, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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