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Cheap Apartments for Rent in Prescott, AZ from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Prescott.
138 N Willow St
PrescottAZ86305
860 Gail Gardner Way
PrescottAZ86305
351 S Marina St
PrescottAZ86303
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.
117 Cory Ave
PrescottAZ86303
1022 Gail Gardner Way
PrescottAZ86305
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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.
1494 Varsity Dr
PrescottAZ86301
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Prescott, AZ Local Guide
How much does it cost to rent an apartment in Prescott?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Prescott Studio Apartments | $1,496 | $1,401 | $1,551 |
| Cheap Prescott 1 Bedroom Apartments | $1,671 | $800 | $2,554 |
| Cheap Prescott 2 Bedroom Apartments | $2,075 | $1,090 | $3,389 |
| Cheap Prescott 3 Bedroom Apartments | $2,676 | $1,765 | $9,214 |
Browse Top Apartments in Prescott
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Prescott, AZ Local Guide
- Prescott Neighborhoods
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Cheapest Neighborhoods for Apartments in Prescott, AZ
Pricing Updated: 12/11/2025Current apartment rentals in the Prescott, AZ area range in price from $800 to $3,389 with an overall median price of $2,218. The three Prescott neighborhoods with the lowest median rent pricing are Forbing Park at $800, Wildwood Estates at $800, and Downtown Prescott at $1,090. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Prescott Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Forbing Park | $2,000 | $800 | 47 |
| Wildwood Estates | $2,150 | $800 | 41 |
| Downtown Prescott | $2,200 | $1,090 | 40 |
| Miller Valley | $2,200 | $1,090 | 34 |
| Whiskey Row | $2,200 | $1,090 | 37 |
| Diamond Valley | $2,255 | $1,425 | 84 |
| Tutt | $2,525 | $1,599 | 15 |
Cheapest Available Prescott Apartments for Rent
The cheapest available apartment rental in Prescott, AZ is a 2 Beds unit found at 1004 E Goodwin St in the Forbing Park neighborhood priced from $1,350. Prescott Lakes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here is today’s list of the most affordable Prescott apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1,350 |
| Prescott Lakes | Ironwood | 1BR,1BA | $1,395 |
| 2051 Apartments | Lynx | Studio,1BA | $1,425 |
Best Value Apartments for Rent in Prescott, AZ
As of December 12, 2025 the best value apartment in the Prescott area is the $1.35 price per square foot 2x2 Model at Willow Creek Apartments in the in the Forbing Park neighborhood starting from $1,473. The second greatest value Prescott apartment is the 2 bedroom 2 bathroom Model at 836 Valley St starting at $2,200 with a $2.15 price per square foot in the Forbing Park neighborhood. Here is today’s list of the best values for Prescott apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willow Creek Apartments | 2x2 | 2BR,2BA | $1.35 |
| 836 Valley St | 2 bedroom 2 bathroom | 2BR,2BA | $2.15 |
| 858 Valley St | 2 Bedroom | 2BR,2BA | $1.97 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $2.05 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1.63 |
| The Flats at Jasper | 1A | 1BR,1BA | $2.12 |
| Legacy at Prescott Lakes | A1R | 1BR,1BA | $2.35 |
| Winfield at the Ranch | 1 Bed | 1BR,1BA | $2.36 |
| Prescott View Apartments | 1x1 | 1BR,1BA | $2.40 |
| Canyon Run Apartments | One Bedroom/One Bath Classic | 1BR,1BA | $2.38 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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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Best Local Schools in Prescott, AZ
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Prescott, AZ
Getting Around Prescott, AZ
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
35 / 100
Somewhat Bikeable
Minimal bike infrastructure
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 Prescott Apartments
What is a cheap apartment in Prescott?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prescott is under $1,699.
What is the price of a cheap apartment in Prescott?
The cheapest apartment in Prescott is Prescott Lakes which is listed at $1,395, while the average apartment in Prescott costs $2,218.
What types of apartments are the cheapest in Prescott?
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 18 regular apartments in Prescott 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 Prescott?
Cheap apartments in Prescott have an average cost of $598 which is $1,620 cheaper than the average rent for all rentals in Prescott.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.