1233 W Pierce St
PhoenixAZ85007
Cheap Apartments for Rent in the Capitol Neighborhood of Phoenix, AZ from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol area of Phoenix.
close
View Me
Rent Specials
$799 - $9631 to 2 Bedroom Apartments Available Now
Ambassador West Apartments
345 N 5th AvePhoenix, AZ 85003
209 N 16th Ave
PhoenixAZ85007
close
View Me
Rent Specials
$850 - $950Studio Apartments Available Now
16th Ave Apartments
201-209 N 16th AvePhoenix, AZ 85007
2033 W Madison St
PhoenixAZ85009
close
View Me
Rent Specials
$900 - $1,4001 Bedroom Apartments Available Now
TerraceVue
622 N 9th AvePhoenix, AZ 85007
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2133 W Adams St
PhoenixAZ85009
1626 W Taylor St
PhoenixAZ85007
close
View Me
$1,108 - $2,065Studio to 3 Bedroom Apartments Available Now
ReNue Downtown Apartments
1350 W Van Buren StPhoenix, AZ 85007
1537 W Pierce St
PhoenixAZ85007
377 N 4th Ave
PhoenixAZ85003
129 N 11th Ave
PhoenixAZ85007
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
Studio to 1 Bedroom Apartments
Woodland West
1201 W Woodland AvePhoenix, AZ 85007
close
View Me
Studio to 2 Bedroom Apartments
Monroe Street Abbey
334 W Monroe StPhoenix, AZ 85003
425 N 17th Dr
PhoenixAZ85007
2032 W Adams St
PhoenixAZ85009
close
View Me
Studio Apartments
5TH AVE PHX
626 N 5th AvePhoenix, AZ 85003
close
View Me
1 Bedroom Apartments
The Deme on Fillmore
617 N 3rd AvePhoenix, AZ 85003
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
close
View Me
2 Bedroom Apartments
Adams Place
2121 W Adams StPhoenix, AZ 85009
Showing Results 1-19, Page 1 of 1
Capitol, Phoenix, AZ Local Guide
How much does it cost to rent an apartment in Capitol?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Capitol Studio Apartments | $1,506 | $749 | $2,280 |
| Capitol 1 Bedroom Apartments | $1,636 | $895 | $3,070 |
| Capitol 2 Bedroom Apartments | $2,134 | $949 | $4,185 |
| Capitol 3 Bedroom Apartments | $1,701 | $1,701 | $1,701 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Capitol Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Let everyone know!
Do you know the Capitol area?
If you’re an expert on all things Capitol, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Cheapest Available Capitol Apartments for Rent
The cheapest available apartment rental in the Capitol area of Phoenix, AZ is a 1 Bed unit found at Ambassador West Apartments priced from $799. 16th Ave Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Capitol apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ambassador West Apartments | One Bedroom | 1BR,1BA | $799 |
| 16th Ave Apartments | Studio/1 Bath | Studio,1BA | $850 |
| TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $900 |
| ReNue Downtown Apartments | S - The Museum | Studio,1BA | $1,108 |
| AVE Phoenix Sky | E2 | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Capitol, AZ
As of April 26, 2026 the best value apartment in the Capitol area is the $2.37 price per square foot The Bogart Model at The Rey Downtown in the in the South Phoenix neighborhood starting from $2,717. The second greatest value Capitol apartment is the A - The Arena Model at ReNue Downtown Apartments starting at $1,184 with a $1.70 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Capitol apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Rey Downtown | The Bogart | 1BR,1.5BA | $2.37 |
| ReNue Downtown Apartments | A - The Arena | 1BR,1BA | $1.70 |
| 601 Pax | A1 | 1BR,1BA | $2.08 |
| AVE Phoenix Sky | E6 | Studio ,1BA | $2.99 |
| AVE Phoenix Terra | A3 | 1BR,1BA | $3.32 |
| Ambassador West Apartments | One Bedroom | 1BR,1BA | $1.66 |
| TerraceVue | 3rd Floor 1 Bedroom | 1BR,1BA | $2.63 |
| 16th Ave Apartments | Studio/1 Bath | Studio ,1BA | $2.18 |
Frequently Asked Questions about Cheap Capitol Apartments
What is a cheap apartment in Capitol?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Capitol is under $1,531.
What is the price of a cheap apartment in Capitol?
The cheapest apartment in Capitol is Ambassador West Apartments which is listed at $799, while the average apartment in Capitol costs $2,150.
What types of apartments are the cheapest in Capitol?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Capitol that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).
Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.
A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.