
Cheap Apartments for Rent in the Diamond Valley Neighborhood of Prescott, AZ from $1,200 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Valley area of Prescott.


5280 Diamond Dr

2051 Apartments

Total Monthly Price
Legacy at Prescott Lakes

5465 E Onyx Dr

2882 N Starlight Dr
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.

Homestead Talking Glass

Terraces at Glassford Hill

The Crossings at Windsong

2930 N Superstition Ln

Parke Place

The View at Prescott Valley
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.

1759 N Baker St
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 | $1,520 | $1,500 | $1,550 |
| Diamond Valley 1 Bedroom Apartments | $1,658 | $1,350 | $2,064 |
| Diamond Valley 2 Bedroom Apartments | $1,953 | $1,244 | $2,495 |
| Diamond Valley 3 Bedroom Apartments | $2,203 | $1,782 | $2,599 |
Browse Apartments in this Neighborhood
There are currently 13 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. Homestead Talking Glass has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. 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 King Chair – KC | 1BR,1BA | $1,325 |
| Homestead Talking Glass | Palomino | 1BR,1BA | $1,450 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $1,470 |
| The Crossings at Windsong | Lariat | 1BR,1BA | $1,606 |
| 2051 Apartments | Riddle | 1BR,1BA | $1,645 |
Best Value Apartments for Rent in Diamond Valley, AZ
As of June 08, 2026 the best value apartment in the Diamond Valley area is the $1.69 price per square foot Flagstaff - Standalone Model at Parke Place in the in the Diamond Valley neighborhood starting from $2,145. The second greatest value Diamond Valley apartment is the 2 Bed Model at Winfield at the Ranch starting at $1,949 with a $1.82 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. |
|---|---|---|---|
| Parke Place | Flagstaff - Standalone | 3BR,2BA | $1.69 |
| Winfield at the Ranch | 2 Bed | 2BR,2BA | $1.82 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $1.97 |
| Legacy at Prescott Lakes | A1R | 1BR,1BA | $2.41 |
| 2051 Apartments | Riddle | 1BR,1BA | $2.23 |
| The Crossings at Windsong | Bridle- Open One Bedroom + Den | 1BR,1BA | $2.31 |
| Homestead Talking Glass | Palomino | 1BR,1BA | $2.11 |
| Bungalows on Market Street | Cholla | 1BR,1BA | $2.71 |
| The View at Prescott Valley | 1 Bedroom King Chair – KC | 1BR,1BA | $3.31 |
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.
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.
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 $1,685 at Homestead Talking Glass.
What is the most affordable Diamond Valley Three Bedroom Apartment?
The best deal on a cheap Diamond Valley Three Bedroom Apartment rental is at Terraces at Glassford Hill and starts from $1,782.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.