
Cheap Apartments for Rent in the Downtown Prescott Neighborhood of Prescott, AZ from $700 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Prescott area of Prescott.


Courtyard Apartments

Creekside Mobile Home Park

Pillars

Brush Creek Apartments

533 W Gurley St

4-Plex
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.

714 White Spar Rd

Park West Apartments

1114 Willow Creek Rd

Park View Apartments

858 Valley St

620 1st St

The View on Iron Springs
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.

311 W Hillside Ave

Carleton Terrace

Marina Heights

Casa de Pinos

623-629 Dameron Dr

Country Club Circle

Bradshaw Crossing
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.

Cedar Ridge
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 | $1,113 | $1,113 | $1,113 |
| Downtown Prescott 1 Bedroom Apartments | $1,440 | $950 | $1,650 |
| Downtown Prescott 2 Bedroom Apartments | $1,932 | $1,200 | $4,685 |
| Downtown Prescott 3 Bedroom Apartments | $6,814 | $6,814 | $6,814 |
Browse Apartments in this Neighborhood
There are currently 22 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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1,340 |
| Granite Creek Apartments | One Bedroom/One Bath Classic | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1.61 |
| Granite Creek Apartments | One Bedroom/One Bath Renovated | 1BR,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.
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 $1,450 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

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.