Cheap Homes for Rent in Capitol Neighborhood of Phoenix, AZ from $1,000 (3 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Homes in the Capitol area of Phoenix.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Capitol, Phoenix, AZ Local Guide

Best Value Apartments for Rent in Capitol, AZ

As of May 03, 2025 the best value apartment in the Capitol area is the $2.44 price per square foot C3-PH4 Model at 44 Monroe in the in the Central City neighborhood starting from $6,813. The second greatest value Capitol apartment is the C2 Model at AVE Phoenix Terra starting at $3,880 with a $2.41 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 ListingModel NameBed/BathPrice Per Sq.Ft.
44 MonroeC3-PH43BR,2BA$2.44
AVE Phoenix TerraC23BR,2BA$2.41
ReNue Downtown ApartmentsThe Capitol3BR,2BA$1.76
The Rey DowntownThe Bergman A11BR,1BA$2.43
601 PaxA11BR,1BA$2.10
MAA Central AveS1 0x1 573 SFStudio ,1BA$2.29
The McKinleyUNIT 2Studio ,1BA$2.93
Ambassador West ApartmentsOne Bedroom1BR,1BA$2.00
TerraceVue3rd Floor 1 Bedroom1BR,1BA$2.63
16th Ave ApartmentsStudio/1 BathStudio ,1BA$2.29

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Capitol

What type of rentals are currently available in Capitol?

There are currently 93 Apartments for Rent in Capitol, AZ with pricing that ranges from $775 to $7,052. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Capitol ranging from $1,095 to $1,999.

What is the current price range for Rental Homes in Capitol?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Capitol ranges from $1,095 to $1,999 with an average monthly rent of $1,614.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.