
Cheap Homes for Rent in Diamond Valley Neighborhood of Prescott, AZ from $1,600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Diamond Valley area of Prescott.


1759 N Baker St

3538 Valencia Way

4932 Summit Cir

6779 E Hetley Pl
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!

7559 E Cocopah Dr

1889 Emerald Dr
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 | $1,943 | $1,600 | $2,100 |
| Diamond Valley 3 Bedroom Homes for Rent | $2,559 | $2,100 | $3,500 |
| Diamond Valley 4 Bedroom Homes for Rent | $3,548 | $2,695 | $5,000 |
Browse Homes for Rent 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 $1,466. 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 | $1,466 |
| The Crossings at Windsong | Bridle- Open One Bedroom + Den | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in Diamond Valley, AZ
As of May 08, 2026 the best value apartment in the Diamond Valley area is the $1.77 price per square foot 2 Bed Model at Winfield at the Ranch in the in the Diamond Valley neighborhood starting from $1,899. The second greatest value Diamond Valley apartment is the Prickly Pear Model at Terraces at Glassford Hill starting at $1,731 with a $2.06 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. |
|---|---|---|---|
| Winfield at the Ranch | 2 Bed | 2BR,2BA | $1.77 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $2.06 |
| Legacy at Prescott Lakes | A1R | 1BR,1BA | $2.41 |
| 2051 Apartments | Riddle | 1BR,1BA | $2.23 |
| Homestead Talking Glass | Palomino | 1BR,1BA | $2.17 |
| Bungalows on Market Street | Cholla | 1BR,1BA | $2.75 |
| The Crossings at Windsong | Maverick | 1BR,1BA | $2.61 |
| 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 Diamond Valley
What type of rentals are currently available in Diamond Valley?
There are currently 16 Apartments for Rent in Diamond Valley, AZ with pricing that ranges from $1,461 to $2,925. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Valley ranging from $1,600 to $5,000.
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 $1,600 to $5,000 with an average monthly rent of $2,683.
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

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.

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.

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.