Cheap Apartments for Rent in Prescott, AZ from $700 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prescott.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 716 1st St

$1,244

2 Bedroom Rentals

Available Now

716 1st St

PrescottAZ86301

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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623-629 Dameron Dr
1 to 2 Bedroom Apartments

623-629 Dameron Dr

623-629 Dameron DrPrescott, AZ 86301
  • Utilities Included
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Paramount of Prescott
Studio to 1 Bedroom Apartments

Paramount of Prescott

135 N Montezuma StPrescott, AZ 86301
  • Utilities Included
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1004 E Goodwin St
2 Bedroom Apartments

1004 E Goodwin St

1004 E Goodwin StPrescott, AZ 86303

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Pines at Prescott
2 to 3 Bedroom Apartments

The Pines at Prescott

1053 Sandretto DrPrescott, AZ 86305
  • Utilities Included
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620 1st St
1 Bedroom Apartments

620 1st St

620 1st StPrescott, AZ 86301
  • Utilities Included

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.

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Showing Results 1-41, Page 1 of 1

Prescott, AZ Local Guide

Cheapest Neighborhoods for Apartments in Prescott, AZ

Pricing Updated: 08/07/2026

Current apartment rentals in the Prescott, AZ area range in price from $998 to $9,288 with an overall median price of $1,563. The three Prescott neighborhoods with the lowest median rent pricing are Miller Valley at $1,350, Wildwood Estates at $1,435, and Downtown Prescott at $1,450. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Prescott Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Miller Valley$1,350$1,1758
Wildwood Estates$1,435$99812
Downtown Prescott$1,450$1,11330
Forbing Park$1,450$99833
Whiskey Row$1,450$1,17526
Diamond Valley$1,700$1,34474
Tutt$2,017$1,7997

Cheapest Available Prescott Apartments for Rent

 

The cheapest available apartment rental in Prescott, AZ is a 1 Bed unit found at Prescott Woodlands Apartments in the Forbing Park neighborhood priced from $1,175. 5270-5280 Diamond Dr in the Diamond Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,344. Here is today’s list of the most affordable Prescott apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prescott Woodlands Apartments1 Beds, 1 Baths1BR,1BA$1,175
5270-5280 Diamond Dr1 Beds, 1 Baths1BR,1BA$1,344
1004 E Goodwin St2BR/1.0BA2BR,1BA$1,345
The View at Prescott ValleyStudio Queen – Bradshaw 2 Chairs – QCHStudio,1BA$1,375
Willow Creek ApartmentsStudioStudio,1BA$1,395
Terraces at Glassford HillDesert Willow1BR,1BA$1,435
Granite Creek ApartmentsOne Bedroom/One Bath Classic1BR,1BA$1,450
2051 ApartmentsLynxStudio,1BA$1,500
Legacy at Prescott LakesB32BR,2BA$1,644

Best Value Apartments for Rent in Prescott, AZ

As of August 08, 2026 the best value apartment in the Prescott area is the $1.85 price per square foot 2 Bed (L) Model at Winfield at the Ranch in the in the Diamond Valley neighborhood starting from $2,295. The second greatest value Prescott apartment is the B1 Model at Legacy at Prescott Lakes starting at $1,894 with a $2.05 price per square foot in the Diamond Valley neighborhood. Here is today’s list of the best values for Prescott apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Winfield at the Ranch2 Bed (L)2BR,2BA$1.85
Legacy at Prescott LakesB12BR,1BA$2.05
1004 E Goodwin St2BR/1.0BA2BR,1BA$1.62
5270-5280 Diamond Dr1 Beds, 1 Baths1BR,1BA$1.79
Terraces at Glassford HillDesert Willow1BR,1BA$1.92
Havenly PrescottPlan 11BR,1BA$2.34
Willow Creek ApartmentsStudioStudio ,1BA$2.08
Prescott Woodlands Apartments1 Beds, 1 Baths1BR,1BA$1.96
2051 ApartmentsLynxStudio ,1BA$2.50
704 Hermosa Rd, Unit B704 Hermosa Rd1BR,1BA$2.46

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Prescott, AZ

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Prescott Apartments

What is the Cheapest Studio apartment in Prescott?

Currently the most affordable Cheap Studio Apartment in Prescott is at The View at Prescott Valley listed at $1,375.

How much is rent for a Cheap One Bedroom Prescott Apartment?

The lowest price for a Cheap One Bedroom Prescott Apartment is $1,175 at Prescott Woodlands Apartments.

What is the lowest price for a Cheap Two Bedroom Prescott Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prescott is starting from $1,345 at 1004 E Goodwin St.

What is the most affordable Prescott Three Bedroom Apartment?

The best deal on a cheap Prescott Three Bedroom Apartment rental is at Terraces at Glassford Hill and starts from $1,732.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.