Yaple Park is one of the smallest historic neighborhoods in Phoenix, but what it lacks in size it makes up for in charm. One of our favorite things about the area, which is bordered by Third and Seventh avenues to the east and west, and Minneoza and Turney avenues to the north and south, is its proximity to the shopping and restaurants in the Melrose on Seventh neighborhood.Not only that, but homes in this area are still affordable, unlike many of the other historic neighborhoods in downtown Phoenix. Homes in Yaple Park range anywhere from $50,000, for a three bedroom/one bath, to about $200,000. The fact that the Grand Canal may literally be in your back yard is also a plus, at least for bike enthusiasts. The light rail is within easy walking distance, with its stop at Campbell Avenue and Central.