
Cheap Apartments for Rent in the Downtown Prescott Neighborhood of Prescott, AZ from $899 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Prescott area of Prescott.


625 Dameron Dr

707 Lincoln Ave

1317 E Gurley St

855 Gail Gardner Way

408 Madison Ave

716 1st St

214 Madison Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

314 S Virginia St

212 W Hillside Ave

Total Monthly Price
558 Dameron Dr, Unit Apt A

141 Whipple Ext

Total Monthly Price
704 Hermosa Rd, Unit B

131 Whipple Ext

802 2nd St

195 Vallejo St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

704 Hermosa Dr

Granite Creek Apartments

Total Monthly Price
221 S Alarcon St, Unit 221 S. Alarcon Apt B

Total Monthly Price
604 N Bagby Dr, Unit A

336 Country Club Cir

333 W Aubrey St

878 Valley St, Unit B

248 Vallejo St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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720 N Walnut St

1602 Lindley Dr, Unit Condo

Paramount of Prescott

625 Dameron St.

1004 E Goodwin St

PM16-00317G: Cortez

214 Madison Ave

1242 Stetson Rd
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1230 Stetson Rd

The View on Iron Springs

519 Copper Basin Rd

318 Marina

620 1st St

1102 Boulder Park Ave

311 W Hillside Ave

658 Ash St
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930 Old Stage Rd

312 N Pleasant St
Downtown Prescott, Prescott, AZ Local Guide

How much does it cost to rent an apartment in Downtown Prescott?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Prescott Studio Apartments | $1,006 | $899 | $1,113 |
| Downtown Prescott 1 Bedroom Apartments | $1,446 | $1,175 | $1,750 |
| Downtown Prescott 2 Bedroom Apartments | $1,664 | $995 | $5,422 |
| Downtown Prescott 3 Bedroom Apartments | $5,491 | $1,695 | $9,288 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Downtown Prescott Neighborhood of Prescott, AZ.
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Downtown Prescott, Prescott, AZ Local Guide
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Cheapest Available Downtown Prescott Apartments for Rent
 The cheapest available apartment rental in the Downtown Prescott area of Prescott, AZ is a Studio unit found at Prescott Woodlands Apartments priced from $899. 625 Dameron St. has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Downtown Prescott apartments for rent in Prescott, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prescott Woodlands Apartments | 0 Beds, 1 Baths | Studio, 1BA | $899 |
| 625 Dameron St. | 2BR/1.0BA | 2BR, 1BA | $995 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR, 1BA | $1,175 |
| PM16-00317G: Cortez | 0BR/1.0BA | Studio, 1BA | $1,190 |
| 214 Madison Ave | 1BR/1.0BA | 1BR, 1BA | $1,250 |
| The View on Iron Springs | 2BR/2.0BA | 2BR, 2BA | $1,350 |
| Granite Creek Apartments | One Bedroom/One Bath Classic | 1BR, 1BA | $1,450 |
| 318 Marina | 2BR/1.5BA | 2BR, 1BA | $1,495 |
Best Value Apartments for Rent in Downtown Prescott, AZ
As of September 22, 2026 the best value apartment in the Downtown Prescott area is the $1.47 price per square foot 2BR/1.5BA Model at 318 Marina in the Forbing Park neighborhood starting from $1,495. The second greatest value Downtown Prescott apartment is the 221 S Alarcon St Model at 221 S Alarcon St, Unit 221 S. Alarcon Apt B in the Forbing Park neighborhood starting at $1,495 with a $1.50 price per square foot. Here is today’s list of the best values for Downtown Prescott apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 318 Marina | 2BR/1.5BA | 2BR, 1.5BA | $1.47 |
| 221 S Alarcon St, Unit 221 S. Alarcon Apt B | 221 S Alarcon St | 2BR, 1BA | $1.50 |
| The View on Iron Springs | 2BR/2.0BA | 2BR, 2BA | $1.60 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR, 1BA | $1.42 |
| 625 Dameron St. | 2BR/1.0BA | 2BR, 1BA | $1.24 |
| Granite Creek Apartments | One Bedroom/One Bath Renovated | 1BR, 1BA | $2.71 |
| 704 Hermosa Rd, Unit B | 704 Hermosa Rd | 1BR, 1BA | $2.55 |
| 214 Madison Ave | 1BR/1.0BA | 1BR, 1BA | $2.54 |
| Prescott Woodlands Apartments | 0 Beds, 1 Baths | Studio, 1BA | $2.81 |
| PM16-00317G: Cortez | 0BR/1.0BA | Studio, 1BA | $4.25 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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 Downtown Prescott, Prescott, AZ
Prescott Mile High Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Prescott Apartments
How much is rent for a Cheap One Bedroom Downtown Prescott Apartment?
The lowest price for a Cheap One Bedroom Downtown Prescott Apartment is $1,250 at 214 Madison Ave.
What is the lowest price for a Cheap Two Bedroom Downtown Prescott Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Prescott is starting from $995 at 625 Dameron St..
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.