River Jhelum is flowing above 16 feet in Ram Munshi Bagh area prompting the flood alert, officials in the disaster management cell said.
Incessant rains have been lashing Kashmir since Saturday night.
The rainfall has triggered concern among farmers as continued downpour can cause damage to paddy crops.
Yesterday, 33 nomads, trapped due to flash floods in Jammu and Kashmir's Shopian district, were rescued by the army and the civil administration.