
Cheap Apartments for Rent in the Diamond Valley Neighborhood of Prescott, AZ from $1,000 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Valley area of Prescott.


Winfield at the Ranch

Total Monthly Price
Legacy at Prescott Lakes

5270-5280 Diamond Dr

Homestead Talking Glass
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.

Terraces at Glassford Hill

The Crossings at Windsong

Parke Place

Sungate Villa

View Point Senior Community
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.
Diamond Valley, Prescott, AZ Local Guide

How much does it cost to rent an apartment in Diamond Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Valley Studio Apartments | $1,516 | $1,500 | $1,550 |
| Diamond Valley 1 Bedroom Apartments | $1,705 | $1,075 | $2,117 |
| Diamond Valley 2 Bedroom Apartments | $1,966 | $1,435 | $2,925 |
| Diamond Valley 3 Bedroom Apartments | $2,244 | $1,860 | $2,675 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 3 mile radius of the Diamond Valley Neighborhood of Prescott, AZ.
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Diamond Valley, Prescott, AZ Local Guide
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Cheapest Available Diamond Valley Apartments for Rent
 The cheapest available apartment rental in the Diamond Valley area of Prescott, AZ is a 1 Bed unit found at The View at Prescott Valley priced from $1,325. Terraces at Glassford Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here are the most affordable Diamond Valley apartments for rent in Prescott, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The View at Prescott Valley | 1 Bedroom Queen – Q | 1BR,1BA | $1,325 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $1,375 |
| 2051 Apartments | Lynx | Studio,1BA | $1,425 |
Best Value Apartments for Rent in Diamond Valley, AZ
As of April 17, 2026 the best value apartment in the Diamond Valley area is the $1.87 price per square foot Prickly Pear Model at Terraces at Glassford Hill in the in the Diamond Valley neighborhood starting from $1,570. The second greatest value Diamond Valley apartment is the A1R Model at Legacy at Prescott Lakes starting at $1,789 with a $2.41 price per square foot in the Diamond Valley neighborhood. Here is today’s list of the best values for Diamond Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $1.87 |
| Legacy at Prescott Lakes | A1R | 1BR,1BA | $2.41 |
| Homestead Talking Glass | Buckskin | 1BR,1BA | $2.11 |
| The Crossings at Windsong | Bridle- Open One Bedroom + Den | 1BR,1BA | $2.24 |
| Bungalows on Market Street | Cholla | 1BR,1BA | $2.29 |
| 2051 Apartments | Lynx | Studio ,1BA | $2.48 |
| The View at Prescott Valley | 1 Bedroom King Chair – KC | 1BR,1BA | $3.31 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Best Local Schools in Diamond Valley, Prescott, AZ
School data provided by Great Schools
Frequently Asked Questions about Cheap Diamond Valley Apartments
How much is rent for a Cheap One Bedroom Diamond Valley Apartment?
The lowest price for a Cheap One Bedroom Diamond Valley Apartment is $1,325 at The View at Prescott Valley.
What is the lowest price for a Cheap Two Bedroom Diamond Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Diamond Valley is starting from $1,558 at Terraces at Glassford Hill.
What is the most affordable Diamond Valley Three Bedroom Apartment?
The best deal on a cheap Diamond Valley Three Bedroom Apartment rental is at Homestead Talking Glass and starts from $1,905.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.