
Cheap Homes for Rent in Diamond Valley Neighborhood of Prescott, AZ from $1,900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Diamond Valley area of Prescott.


4932 Summit Cir

4960 Summit Cir
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.

6813 E Falon Ct

6813 E Falon Ct

Beautiful 2-bedrooms, 2-baths home in the highly desirable Granville community of 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.
Diamond Valley, Prescott, AZ Local Guide

How much does it cost to rent a home in Diamond Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Valley 2 Bedroom Homes for Rent | $2,060 | $2,000 | $2,100 |
| Diamond Valley 3 Bedroom Homes for Rent | $2,510 | $1,900 | $3,850 |
| Diamond Valley 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Homestead Talking Glass priced from $1,395. 2051 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,475. Here are the most affordable Diamond Valley apartments for rent in Prescott, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Homestead Talking Glass | Palomino | 1BR,1BA | $1,395 |
| 2051 Apartments | Lynx | Studio,1BA | $1,475 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $1,510 |
Best Value Apartments for Rent in Diamond Valley, AZ
As of June 22, 2026 the best value apartment in the Diamond Valley area is the $1.78 price per square foot Tucson - Duplex Style Model at Parke Place in the in the Diamond Valley neighborhood starting from $1,765. The second greatest value Diamond Valley apartment is the Prickly Pear Model at Terraces at Glassford Hill starting at $1,510 with a $1.80 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 | Tucson - Duplex Style | 2BR,2BA | $1.78 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $1.80 |
| Legacy at Prescott Lakes | A1R | 1BR,1BA | $2.41 |
| Winfield at the Ranch | 1 Bed | 1BR,1BA | $2.33 |
| The Crossings at Windsong | Lariat | 1BR,1BA | $2.27 |
| Homestead Talking Glass | Palomino | 1BR,1BA | $2.03 |
| Bungalows on Market Street | Cholla | 1BR,1BA | $2.71 |
| 2051 Apartments | Lynx | Studio ,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.
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 Diamond Valley
What type of rentals are currently available in Diamond Valley?
There are currently 22 Apartments for Rent in Diamond Valley, AZ with pricing that ranges from $894 to $2,599. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Valley ranging from $1,900 to $3,850.
What is the current price range for Rental Homes in Diamond Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Diamond Valley ranges from $1,900 to $3,850 with an average monthly rent of $2,390.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.