Cheap Apartments for Rent in the Downtown Prescott Neighborhood of Prescott, AZ from $700 (27 Rentals)

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

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.

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property at 716 1st St

$1,244

2 Bedroom Rentals

Available Now

716 1st St

PrescottAZ86301

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.

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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Paramount of Prescott
Studio to 1 Bedroom Apartments

Paramount of Prescott

135 N Montezuma StPrescott, AZ 86301
  • Utilities Included
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1004 E Goodwin St
2 Bedroom Apartments

1004 E Goodwin St

1004 E Goodwin StPrescott, AZ 86303

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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620 1st St
1 Bedroom Apartments

620 1st St

620 1st StPrescott, AZ 86301
  • Utilities Included
Showing Results 1-27, Page 1 of 1

Downtown Prescott, Prescott, AZ Local Guide

Cheapest Available Downtown Prescott Apartments for Rent

 

The cheapest available apartment rental in the Downtown Prescott area of Prescott, AZ is a 1 Bed unit found at Prescott Woodlands Apartments priced from $1,175. 1004 E Goodwin St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,345. Here are the most affordable Downtown Prescott apartments for rent in Prescott, AZ:

Apartment ListingModel NameBed/BathPriced From
Prescott Woodlands Apartments1 Beds, 1 Baths1BR,1BA$1,175
1004 E Goodwin St2BR/1.0BA2BR,1BA$1,345
Granite Creek ApartmentsOne Bedroom/One Bath Classic1BR,1BA$1,450

Best Value Apartments for Rent in Downtown Prescott, AZ

As of August 08, 2026 the best value apartment in the Downtown Prescott area is the $1.62 price per square foot 2BR/1.0BA Model at 1004 E Goodwin St in the in the Forbing Park neighborhood starting from $1,345. 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$1.62
Granite Creek ApartmentsOne Bedroom/One Bath Renovated1BR,1BA$2.71
Prescott Woodlands Apartments1 Beds, 1 Baths1BR,1BA$1.96
704 Hermosa Rd, Unit B704 Hermosa Rd1BR,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.

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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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Best Local Schools in
Downtown Prescott, Prescott, AZ

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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 $1,175 at Prescott Woodlands 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 $1,345 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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.