The study of the interactions between plants and their microbial communities in the rhizosphere is important for developing sustainable management practices and agricultural products such as biofertilizers and biopesticides. Plant roots release a broad variety of chemical compounds to attract and select microorganisms in the rhizosphere. In turn, these plant-associated microorganisms, via different mechanisms, influence plant health and growth. In this review, we summarize recent progress made in unraveling the interactions between plants and rhizosphere microbes through plant root exudates, focusing on how root exudate compounds mediate rhizospheric interactions both at the plant–microbe and plant–microbiome levels. We also discuss the potential of root exudates for harnessing rhizospheric interactions with microbes that could lead to sustainable agricultural practices.