2032 W Adams St
PhoenixAZ85009
Cheap Apartments for Rent in the Capitol Neighborhood of Phoenix, AZ from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol area of Phoenix.
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121 N 12th Ave
PhoenixAZ85007
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Rent Specials
$895 - $1,395Studio to 1 Bedroom Apartments Available Now
16th Ave Apartments
201-209 N 16th AvePhoenix, AZ 85007
601 N 6th Ave
PhoenixAZ85003
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.
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Rent Specials
$963 - $1,4101 to 2 Bedroom Apartments Available Now
Ambassador West Apartments
345 N 5th AvePhoenix, AZ 85003
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622 N 9th Ave
PhoenixAZ85007
1606 W Taylor St
PhoenixAZ85007
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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.
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1338 W Monroe St
PhoenixAZ85007
1629 W Fillmore St
PhoenixAZ85007
1625 W Fillmore St
PhoenixAZ85007
329 N 17th Dr
PhoenixAZ85007
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.
2135 W Hadley St
PhoenixAZ85009
Showing Results 1-16, 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 | $1,450 | $650 | $2,230 |
| Capitol 1 Bedroom Apartments | $1,772 | $999 | $3,408 |
| Capitol 2 Bedroom Apartments | $2,364 | $700 | $4,080 |
| Capitol 3 Bedroom Apartments | $1,499 | $1,499 | $1,499 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Capitol Neighborhood of Phoenix, AZ.
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Capitol, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
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- School Districts
Cheapest Available Capitol Apartments for Rent
The cheapest available apartment rental in the Capitol area of Phoenix, AZ is a Studio unit found at 16th Ave Apartments priced from $895. Ambassador West Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $963. Here are the most affordable Capitol apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 16th Ave Apartments | Studio/1 Bath | Studio,1BA | $895 |
| Ambassador West Apartments | One Bedroom | 1BR,1BA | $963 |
| TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $999 |
| 601 Pax | A1 | 1BR,1BA | $1,162 |
| The Rey Downtown | The Kelly A7 | 1BR,1BA | $1,340 |
Best Value Apartments for Rent in Capitol, AZ
As of October 26, 2025 the best value apartment in the Capitol area is the $2.11 price per square foot The Bogart Model at The Rey Downtown in the in the South Phoenix neighborhood starting from $2,419. The second greatest value Capitol apartment is the B2 Model at 601 Pax starting at $1,901 with a $1.75 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 | $2.11 |
| 601 Pax | B2 | 2BR,2BA | $1.75 |
| ReNue Downtown Apartments | B - The Ballpark | 2BR,2BA | $1.51 |
| AVE Phoenix Terra | A10 | 1BR,1BA | $2.76 |
| Ambassador West Apartments | One Bedroom | 1BR,1BA | $2.00 |
| TerraceVue | 3rd Floor 1 Bedroom | 1BR,1BA | $2.63 |
| AVE Phoenix Sky | E2 | Studio ,1BA | $2.87 |
| 16th Ave Apartments | Studio/1 Bath | Studio ,1BA | $2.29 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleExpert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleCapitol, Phoenix, AZ
Ranked #95
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Capitol Neighborhood in Phoenix, AZ
Walk Score®
66 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
63 / 100
Bikeable
Some bike infrastructure
Transit Score®
55 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $2,125.
What is the price of a cheap apartment in Capitol?
The cheapest apartment in Capitol is Ambassador West Apartments which is listed at $963, while the average apartment in Capitol costs $2,310.
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 1 regular apartments in Capitol that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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).
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.