
Cheap Homes for Rent in Capitol Neighborhood of Phoenix, AZ from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Capitol area of Phoenix.


1322 W Sherman St

1625 W Fillmore St
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.

325 N 17th Dr

329 N 17th Dr

1150 Grand Ave
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.

1626 W Taylor St
Capitol, Phoenix, AZ Local Guide

How much does it cost to rent a home in Capitol?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Capitol 2 Bedroom Homes for Rent | $1,742 | $1,055 | $2,299 |
Capitol 3 Bedroom Homes for Rent | $2,212 | $2,100 | $2,300 |
Capitol 4 Bedroom Homes for Rent | $1,982 | $1,965 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Capitol Neighborhood of Phoenix, AZ.
Explore Phoenix
Capitol, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- 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. TerraceVue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. 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 |
TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $999 |
ReNue Downtown Apartments | A - The Arena - 60 | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Capitol, AZ
As of September 09, 2025 the best value apartment in the Capitol area is the $1.99 price per square foot The Bergman A1 Model at The Rey Downtown in the in the South Phoenix neighborhood starting from $1,399. The second greatest value Capitol apartment is the A - The Arena - 60 Model at ReNue Downtown Apartments starting at $1,199 with a $1.73 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 Bergman A1 | 1BR,1BA | $1.99 |
ReNue Downtown Apartments | A - The Arena - 60 | 1BR,1BA | $1.73 |
601 Pax | A1 | 1BR,1BA | $2.41 |
TerraceVue | 3rd Floor 1 Bedroom | 1BR,1BA | $2.63 |
AVE Phoenix Sky | E2 | Studio ,1BA | $3.19 |
16th Ave Apartments | Studio/1 Bath | Studio ,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.
Pet Friendly LifestyleCapitol, Phoenix, AZ
Ranked #87
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Capitol
What type of rentals are currently available in Capitol?
There are currently 87 Apartments for Rent in Capitol, AZ with pricing that ranges from $699 to $4,106. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Capitol ranging from $950 to $2,300.
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 $950 to $2,300 with an average monthly rent of $1,786.
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).

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.