610 N 4th Ave
PhoenixAZ85003
Cheap Apartments for Rent in the Capitol Neighborhood of Phoenix, AZ from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol area of Phoenix.
209 N 16th Ave
PhoenixAZ85007
1145-1147 W Fillmore St
PhoenixAZ85007
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from $895Studio to 1 Bedroom Apartments Available Now
16th Ave Apartments
201-209 N 16th AvePhoenix, AZ 85007
2036 W Adams St
PhoenixAZ85009
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Rent Specials
from $950Studio to 2 Bedroom Apartments Available Now
X Phoenix
200 W Monroe StPhoenix, AZ 85003
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Rent Specials
from $1,0491 to 3 Bedroom Apartments Available Now
44 Monroe
44 W Monroe StPhoenix, AZ 85003
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from $1,093Studio to 3 Bedroom Apartments Available May 2
ReNue Downtown Apartments
1350 W Van Buren StPhoenix, AZ 85007
601 N 6th Ave
PhoenixAZ85003
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
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Showing Results 1-13, 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 | $1,426 | $775 | $2,335 |
| Capitol 1 Bedroom Apartments | $1,864 | $875 | $3,130 |
| Capitol 2 Bedroom Apartments | $2,677 | $1,313 | $6,865 |
| Capitol 3 Bedroom Apartments | $2,401 | $1,350 | $6,165 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Capitol Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
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. X Phoenix has the second lowest priced unit, which is a Studio apartment currently listed from $950. 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 |
| X Phoenix | COLIVING Suites in 4 BR/4BA | Studio,1BA | $950 |
| TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $999 |
| Kenect Phoenix | Jr. Studio Furnished | Studio,1BA | $1,200 |
| 601 Pax | A1 | 1BR,1BA | $1,352 |
Best Value Apartments for Rent in Capitol, AZ
As of April 13, 2025 the best value apartment in the Capitol area is the $2.18 price per square foot A3 Model at 44 Monroe in the in the Central City neighborhood starting from $2,450. The second greatest value Capitol apartment is the 915 W Woodland Ave Model at 915 W Woodland Ave, Unit 915 UNIT 1 starting at $1,400 with a $1.57 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. |
|---|---|---|---|
| 44 Monroe | A3 | 1BR,1BA | $2.18 |
| 915 W Woodland Ave, Unit 915 UNIT 1 | 915 W Woodland Ave | 2BR,1BA | $1.57 |
| 601 Pax | A1 | 1BR,1BA | $1.97 |
| The Rey Downtown | The Cooper E1 | 1BR,1BA | $2.23 |
| AVE Phoenix Terra | E3 | Studio ,1BA | $2.92 |
| MAA Central Ave | S1 0x1 573 SF | Studio ,1BA | $2.36 |
| The McKinley | UNIT 2 | Studio ,1BA | $2.94 |
| TerraceVue | 3rd Floor 1 Bedroom | 1BR,1BA | $2.63 |
| AVE Phoenix Sky | E2 | Studio ,1BA | $3.17 |
| 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 #78
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 $1,490.
What is the price of a cheap apartment in Capitol?
The cheapest apartment in Capitol is TerraceVue which is listed at $999, while the average apartment in Capitol costs $2,331.
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 83 regular apartments in Capitol that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Capitol?
Cheap apartments in Capitol have an average cost of $861 which is $1,470 cheaper than the average rent for all rentals in Capitol.
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).
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.