2032 W Adams St
PhoenixAZ85009
Cheap Apartments for Rent in the Capitol Neighborhood of Phoenix, AZ from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol area of Phoenix.
1233 W Pierce St
PhoenixAZ85007
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Rent Specials
from $895Studio to 1 Bedroom Apartments Available Now
16th Ave Apartments
201-209 N 16th AvePhoenix, AZ 85007
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Rent Specials
from $9631 to 2 Bedroom Apartments Available Now
Ambassador West Apartments
345 N 5th AvePhoenix, AZ 85003
121 N 12th Ave
PhoenixAZ85007
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622 N 9th Ave
PhoenixAZ85007
601 N 6th Ave
PhoenixAZ85003
2013 W Adams St
PhoenixAZ85009
2041 W Hadley St
PhoenixAZ85009
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1103 W Sherman St
PhoenixAZ85007
1322 W Sherman St
PhoenixAZ85007
205 N 16th Ave
PhoenixAZ85007
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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 | $1,387 | $699 | $2,480 |
| Capitol 1 Bedroom Apartments | $1,828 | $963 | $3,110 |
| Capitol 2 Bedroom Apartments | $2,138 | $995 | $3,711 |
| Capitol 3 Bedroom Apartments | $2,445 | $1,658 | $3,880 |
Browse Apartments in this Neighborhood
There are currently 14 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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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 |
| ReNue Downtown Apartments | The Museum | Studio,1BA | $1,150 |
| The Rey Downtown | The Cooper E1 | 1BR,1BA | $1,486 |
Best Value Apartments for Rent in Capitol, AZ
As of June 26, 2025 the best value apartment in the Capitol area is the $1.83 price per square foot 433 S 7th Ave Model at 433 S 7th Ave, Unit 268 in the in the South Phoenix neighborhood starting from $1,580. The second greatest value Capitol apartment is the The Arena Model at ReNue Downtown Apartments starting at $1,299 with a $1.87 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. |
|---|---|---|---|
| 433 S 7th Ave, Unit 268 | 433 S 7th Ave | 1BR,1BA | $1.83 |
| ReNue Downtown Apartments | The Arena | 1BR,1BA | $1.87 |
| 601 Pax | A1 | 1BR,1BA | $2.38 |
| The Rey Downtown | The Astaire A5 | 1BR,1BA | $2.35 |
| AVE Phoenix Terra | E2 | Studio ,1BA | $3.26 |
| 137 N 11th Ave, Unit A | 137 N 11th Ave | 1BR,1BA | $2.23 |
| 2141 W Madison St, Unit D | 2141 W Madison St | 1BR,1BA | $3.00 |
| Ambassador West Apartments | One Bedroom | 1BR,1BA | $2.00 |
| TerraceVue | 3rd Floor 1 Bedroom | 1BR,1BA | $2.63 |
| 16th Ave Apartments | Studio/1 Bath | Studio ,1BA | $2.29 |
Quick Rent Budget Calculator
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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 #86
Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Capitol Neighborhood in Phoenix, AZ
Walk Score®
67 / 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 $1,690.
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 $1,939.
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 11 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).
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.