Cheap Apartments for Rent in Prescott, AZ from $700 (55 Rentals)

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

property at 606 S Montezuma St

$1,400 - $1,800

Studio To 3 Bedroom Rentals

Available May 8

606 S Montezuma St

PrescottAZ86303

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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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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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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1004 E Goodwin St
2 Bedroom Apartments

1004 E Goodwin St

1004 E Goodwin StPrescott, AZ 86303
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620 1st St
1 Bedroom Apartments

620 1st St

620 1st StPrescott, AZ 86301
  • Utilities Included

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.

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property at 3220 Wasatch Ct

$1,650 - $1,695

2 Bedroom Rentals

Available Now

3220 Wasatch Ct

PrescottAZ86301

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Prescott, AZ Local Guide

Cheapest Neighborhoods for Apartments in Prescott, AZ

Pricing Updated: 05/07/2026

Current apartment rentals in the Prescott, AZ area range in price from $950 to $3,923 with an overall median price of $1,910. The three Prescott neighborhoods with the lowest median rent pricing are Forbing Park at $950, Wildwood Estates at $950, and Downtown Prescott at $950. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Prescott Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Forbing Park$1,675$95024
Wildwood Estates$1,687$95013
Downtown Prescott$1,725$95018
Miller Valley$1,750$9506
Whiskey Row$1,800$95017
Diamond Valley$2,199$1,49056
Tutt$2,535$1,6542

Cheapest Available Prescott Apartments for Rent

 

The cheapest available apartment rental in Prescott, AZ is a 1 Bed unit found at Willow Ridge Apartments in the Forbing Park neighborhood priced from $998. The View at Prescott Valley in the Diamond Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here is today’s list of the most affordable Prescott apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Ridge ApartmentsPrivate Room/Private Bath1BR,1BA$998
The View at Prescott Valley1 Bedroom Queen – Q1BR,1BA$1,325
Granite Creek ApartmentsOne Bedroom/One Bath Classic1BR,1BA$1,450
Terraces at Glassford HillDesert Willow1BR,1BA$1,466
Prescott View Apartments1x11BR,1BA$1,475
2051 ApartmentsRiddle1BR,1BA$1,645
Legacy at Prescott LakesA11BR,1BA$1,689
Bungalows on Market StreetCholla1BR,1BA$1,859
Winfield at the Ranch2 Bed2BR,2BA$1,899
Havenly PrescottPlan 91BR,1BA$1,970

Best Value Apartments for Rent in Prescott, AZ

As of May 07, 2026 the best value apartment in the Prescott area is the $1.87 price per square foot 2 Bed Model at Winfield at the Ranch in the in the Diamond Valley neighborhood starting from $1,999. The second greatest value Prescott apartment is the 2A Model at The Flats at Jasper starting at $2,109 with a $2.13 price per square foot . 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 Bed2BR,2BA$1.87
The Flats at Jasper2A2BR,2BA$2.13
Havenly PrescottPlan 91BR,1BA$2.31
Terraces at Glassford HillPrickly Pear1BR,1BA$2.06
Prescott LakesSaguaro2BR,1BA$2.70
Legacy at Prescott LakesA1R1BR,1BA$2.41
2051 ApartmentsRiddle1BR,1BA$2.23
Bungalows on Market StreetCholla1BR,1BA$2.29
Willow Ridge Apartments1BR/1BA1BR,1BA$1.83
Prescott View Apartments1x11BR,1BA$2.40

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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Frequently Asked Questions about Cheap Prescott Apartments

What is the price of a cheap apartment in Prescott?

The cheapest apartment in Prescott is Willow Ridge Apartments which is listed at $998, while the average apartment in Prescott costs $1,910.

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 36 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 $548 which is $1,362 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.