
Cheap Apartments for Rent in Prescott, AZ from $899 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Prescott.


625 Dameron Dr

Willow Ridge Apartments

707 Lincoln Ave

1204 Tranquil Ln

1204 Tranquil Ln

1204 Tranquil Ln

1317 E Gurley St

855 Gail Gardner Way

408 Madison Ave
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.

716 1st St

214 Madison Ave

314 S Virginia St

5280 Diamond Dr

212 W Hillside Ave

Prescott View Apartments

Willow Creek Apartments

Total Monthly Price
558 Dameron Dr, Unit Apt A

141 Whipple Ext

Total Monthly Price
704 Hermosa Rd, Unit B
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.

131 Whipple Ext

802 2nd St

704 Hermosa Dr

195 Vallejo St

Granite Creek Apartments

Total Monthly Price
221 S Alarcon St, Unit 221 S. Alarcon Apt B

Total Monthly Price
604 N Bagby Dr, Unit A

Total Monthly Price
2051 Apartments

Prescott Lakes

336 Country Club Cir
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.

333 W Aubrey St

878 Valley St, Unit B

1 Bar Heart Dr

248 Vallejo St

Paramount of Prescott

625 Dameron St.

1004 E Goodwin St

PM16-00317G: Cortez

214 Madison Ave

1242 Stetson Rd
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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.

5270-5280 Diamond Dr

The View on Iron Springs

1230 Stetson Rd

The Pines at Prescott

519 Copper Basin Rd

3176 Shoshone Dr

4925 Summit Cir

318 Marina

620 1st St

1102 Boulder Park Ave
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.
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 | $1,423 | $899 | $1,568 |
| Cheap Prescott 1 Bedroom Apartments | $1,726 | $998 | $4,180 |
| Cheap Prescott 2 Bedroom Apartments | $1,900 | $995 | $5,420 |
| Cheap Prescott 3 Bedroom Apartments | $2,534 | $1,575 | $9,288 |
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Prescott, AZ Local Guide
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Cheapest Neighborhoods for Apartments in Prescott, AZ
Pricing Updated: 09/22/2026Current apartment rentals in the Prescott, AZ area range in price from $899 to $9,288 with an overall median price of $1,559. The three Prescott neighborhoods with the lowest median rent pricing are Miller Valley at $1,375, Wildwood Estates at $1,400, 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Miller Valley | $1,375 | $899 | 16 |
| Wildwood Estates | $1,400 | $899 | 28 |
| Downtown Prescott | $1,450 | $899 | 39 |
| Forbing Park | $1,450 | $899 | 48 |
| Whiskey Row | $1,450 | $899 | 33 |
| Diamond Valley | $1,795 | $1,019 | 78 |
| Tutt | $1,910 | $1,675 | 6 |
Cheapest Available Prescott Apartments for Rent
 The cheapest available apartment rental in Prescott, AZ is a Studio unit found at Prescott Woodlands Apartments in the Forbing Park neighborhood priced from $899. 625 Dameron St. in the Forbing Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Prescott apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prescott Woodlands Apartments | 0 Beds, 1 Baths | Studio, 1BA | $899 |
| 625 Dameron St. | 2BR/1.0BA | 2BR, 1BA | $995 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR, 1BA | $1,175 |
| PM16-00317G: Cortez | 0BR/1.0BA | Studio, 1BA | $1,190 |
| 214 Madison Ave | 1BR/1.0BA | 1BR, 1BA | $1,250 |
| The View at Prescott Valley | 1 Bedroom Queen – Q | 1BR, 1BA | $1,325 |
| 5270-5280 Diamond Dr | 1 Beds, 1 Baths | 1BR, 1BA | $1,344 |
| Prescott View Apartments | 1x1 | 1BR, 1BA | $1,350 |
| The View on Iron Springs | 2BR/2.0BA | 2BR, 2BA | $1,350 |
| Willow Creek Apartments | Studio | Studio, 1BA | $1,360 |
Best Value Apartments for Rent in Prescott, AZ
As of September 22, 2026 the best value apartment in the Prescott area is the $1.47 price per square foot 2BR/1.5BA Model at 318 Marina in the Forbing Park neighborhood starting from $1,495. The second greatest value Prescott apartment is the 221 S Alarcon St Model at 221 S Alarcon St, Unit 221 S. Alarcon Apt B in the Forbing Park neighborhood starting at $1,495 with a $1.50 price per square foot. 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. |
|---|---|---|---|
| 318 Marina | 2BR/1.5BA | 2BR, 1.5BA | $1.47 |
| 221 S Alarcon St, Unit 221 S. Alarcon Apt B | 221 S Alarcon St | 2BR, 1BA | $1.50 |
| The View on Iron Springs | 2BR/2.0BA | 2BR, 2BA | $1.60 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR, 1BA | $1.42 |
| 625 Dameron St. | 2BR/1.0BA | 2BR, 1BA | $1.24 |
| The Flats at Jasper | 1A | 1BR, 1BA | $2.23 |
| 5270-5280 Diamond Dr | 1 Beds, 1 Baths | 1BR, 1BA | $1.79 |
| Terraces at Glassford Hill | Desert Willow | 1BR, 1BA | $1.89 |
| Willow Creek Apartments | Studio | Studio, 1BA | $2.03 |
| Prescott View Apartments | 1x1 | 1BR, 1BA | $2.20 |
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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Read ArticleReal 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.
Read ArticleQuick 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.
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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 Prescott Woodlands Apartments listed at $899.
How much is rent for a Cheap One Bedroom Prescott Apartment?
The lowest price for a Cheap One Bedroom Prescott Apartment is $1,250 at 214 Madison Ave.
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 $995 at 625 Dameron 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 $1,722.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.