Cheap Apartments for Rent in the Downtown Prescott Neighborhood of Prescott, AZ from $700 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Prescott area of Prescott.

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Holiday Lodge
Studio to 1 Bedroom Apartments

Holiday Lodge

1141 E Gurley StPrescott, AZ 86301
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Pillars
Studio to 1 Bedroom Apartments

Pillars

320 S Cortez StPrescott, AZ 86303
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533 W Gurley St
1 Bedroom Apartments

533 W Gurley St

533 W Gurley StPrescott, AZ 86301
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4-Plex
2 Bedroom Apartments

4-Plex

602 N Bagby DrPrescott, AZ 86301

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.

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714 White Spar Rd
1 Bedroom Apartments

714 White Spar Rd

714 White Spar RdPrescott, AZ 86303
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858 Valley St
2 Bedroom Apartments

858 Valley St

858 Valley StPrescott, AZ 86305
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620 1st St
1 Bedroom Apartments

620 1st St

620 1st StPrescott, AZ 86301
  • Utilities Included

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.

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Carleton Terrace
2 Bedroom Apartments

Carleton Terrace

315 E Carleton StPrescott, AZ 86303
  • Utilities Included
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Marina Heights
2 Bedroom Apartments

Marina Heights

318 S Marina StPrescott, AZ 86303
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Casa de Pinos
Studio Apartments

Casa de Pinos

117 Cory AvePrescott, AZ 86303
Senior Living
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623-629 Dameron Dr
1 to 2 Bedroom Apartments

623-629 Dameron Dr

623-629 Dameron DrPrescott, AZ 86301
  • Utilities Included
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Country Club Circle
2 to 3 Bedroom Apartments

Country Club Circle

355 Country Club CirPrescott, AZ 86303
  • Utilities Included
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Bradshaw Crossing
1 to 2 Bedroom Apartments

Bradshaw Crossing

125 Bradshaw DrPrescott, AZ 86303

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Cedar Ridge
2 Bedroom Apartments

Cedar Ridge

337 Robinson DrPrescott, AZ 86303

Downtown Prescott, Prescott, AZ Local Guide

Cheapest Available Downtown Prescott Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
1004 E Goodwin St2BR/1.0BA2BR,1BA$1,340
Granite Creek ApartmentsOne Bedroom/One Bath Classic1BR,1BA$1,450

Best Value Apartments for Rent in Downtown Prescott, AZ

As of June 21, 2026 the best value apartment in the Downtown Prescott area is the $1.61 price per square foot 2BR/1.0BA Model at 1004 E Goodwin St in the in the Forbing Park neighborhood starting from $1,340. The second greatest value Downtown Prescott apartment is the One Bedroom/One Bath Renovated Model at Granite Creek Apartments starting at $1,650 with a $2.71 price per square foot in the Forbing Park neighborhood. Here is today’s list of the best values for Downtown Prescott apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1004 E Goodwin St2BR/1.0BA2BR,1BA$1.61
Granite Creek ApartmentsOne Bedroom/One Bath Renovated1BR,1BA$2.71

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.

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Real 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.

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Quick 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.

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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 $1,450 at Granite Creek Apartments.

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 $1,340 at 1004 E Goodwin 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

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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.

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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.

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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.

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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.