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Rent Specials
$7991 to 2 Bedroom Apartments Available Now
Ambassador West Apartments
345 N 5th AvePhoenix, AZ 85003
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.
1145-1147 W Fillmore St
PhoenixAZ85007
209 N 16th Ave
PhoenixAZ85007
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Rent Specials
$825 - $950Studio Apartments Available Now
16th Ave Apartments
201-209 N 16th AvePhoenix, AZ 85007
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$849 - $1,4001 Bedroom Apartments Available Now
TerraceVue
622 N 9th AvePhoenix, AZ 85007
1229 W Pierce St
PhoenixAZ85007
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.
2033 W Madison St
PhoenixAZ85009
2133 W Adams St
PhoenixAZ85009
1626 W Taylor St
PhoenixAZ85007
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$1,0751 Bedroom Apartments Available Now
1333 W Taylor St, Unit 4
1333 W Taylor StPhoenix, AZ 85007
1709 W Sherman St
PhoenixAZ85007
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$1,0951 Bedroom Apartments Available Now
1333 W Taylor St, Unit 3
1333 W Taylor StPhoenix, AZ 85007
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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Studio to 1 Bedroom Apartments
Woodland West
1201 W Woodland AvePhoenix, AZ 85007
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Studio to 2 Bedroom Apartments
Monroe Street Abbey
334 W Monroe StPhoenix, AZ 85003
425 N 17th Dr
PhoenixAZ85007
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1 Bedroom Apartments
212 N 21st Ave
212 N 21st AvePhoenix, AZ 85009
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Studio Apartments
5TH AVE PHX
626 N 5th AvePhoenix, AZ 85003
2032 W Adams St
PhoenixAZ85009
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Studio to 2 Bedroom Apartments
1301 W Monroe St
1301 W Monroe StPhoenix, AZ 85007
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 | $1,513 | $825 | $2,560 |
| Capitol 1 Bedroom Apartments | $1,536 | $799 | $3,070 |
| Capitol 2 Bedroom Apartments | $1,924 | $899 | $3,578 |
| Capitol 3 Bedroom Apartments | $1,841 | $1,841 | $1,841 |
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.
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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 $825. 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 | $825 |
| TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $895 |
| 1301 W Monroe St | 0 Beds, 1 Baths | Studio,1BA | $1,099 |
| ReNue Downtown Apartments | A - The Arena - 60 | 1BR,1BA | $1,201 |
Best Value Apartments for Rent in Capitol, AZ
As of June 21, 2026 the best value apartment in the Capitol area is the $1.73 price per square foot A - The Arena - 60 Model at ReNue Downtown Apartments in the in the South Phoenix neighborhood starting from $1,201. The second greatest value Capitol apartment is the A1 Model at 601 Pax starting at $1,521 with a $2.22 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. |
|---|---|---|---|
| ReNue Downtown Apartments | A - The Arena - 60 | 1BR,1BA | $1.73 |
| 601 Pax | A1 | 1BR,1BA | $2.22 |
| The Rey Downtown | The Cooper E1 | 1BR,1BA | $2.22 |
| Brix Warehouse District | 1 Bed/1 Bath | 1BR,1BA | $2.39 |
| 1301 W Monroe St | 0 Beds, 1 Baths | Studio ,1BA | $1.82 |
| 137 N 11th Ave, Unit A | 137 N 11th Ave | 1BR,1BA | $2.18 |
| Ambassador West Apartments | One Bedroom | 1BR,1BA | $1.66 |
| TerraceVue | 3rd Floor 1 Bedroom | 1BR,1BA | $2.52 |
| AVE Phoenix Sky | E2 | Studio ,1BA | $3.17 |
| 16th Ave Apartments | Studio/1 Bath | Studio ,1BA | $2.12 |
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 $1,521.
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 $1,841.
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 26 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.
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.