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$900 - $1,400Studio to 1 Bedroom Apartments Available Now
Paramount of Prescott
135 N Montezuma StPrescott, AZ 86301
Cheap Apartments for Rent in the Downtown Prescott Neighborhood of Prescott, AZ from $700 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Prescott area of Prescott.
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.
335 Pioneer Dr
PrescottAZ86303
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 | $1,130 | $1,130 | $1,130 |
| Downtown Prescott 1 Bedroom Apartments | $1,376 | $1,000 | $1,650 |
| Downtown Prescott 2 Bedroom Apartments | $1,953 | $1,295 | $2,900 |
| Downtown Prescott 3 Bedroom Apartments | $1,650 | $1,650 | $1,650 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Prescott Neighborhood of Prescott, AZ.
See all Apartments in PrescottExplore Prescott
Downtown Prescott, Prescott, AZ Local Guide
- Nearby Prescott neighborhoods
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Best Value Apartments for Rent in Downtown Prescott, AZ
As of November 01, 2025 the best value apartment in the Downtown Prescott area is the $2.15 price per square foot 2 bedroom 2 bathroom Model at 836 Valley St in the in the Forbing Park neighborhood starting from $2,200. The second greatest value Downtown Prescott apartment is the 1245 Stetson Rd Model at 1245 Stetson Rd, Unit 1 starting at $1,500 with a $2.00 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. |
|---|---|---|---|
| 836 Valley St | 2 bedroom 2 bathroom | 2BR,2BA | $2.15 |
| 1245 Stetson Rd, Unit 1 | 1245 Stetson Rd | 2BR,1BA | $2.00 |
| 134 N Willow St, Unit 1 | 134 N Willow St | 2BR,1BA | $2.13 |
| Canyon Run Apartments | One Bedroom/1 Bath | 1BR,1BA | $2.38 |
| Paramount of Prescott | 1 Bed | 1BR,1BA | $2.86 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleDowntown Prescott, Prescott, AZ
Ranked #7
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Prescott, Prescott, AZ
Prescott Mile High Middle School
Prescott Unified District
Public School - Grades 6-8 (578)
5 out of 10
School data provided by Great Schools
Getting Around the Downtown Prescott Neighborhood in Prescott, AZ
Walk Score®
72 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Prescott Apartments
What is the price of a cheap apartment in Downtown Prescott?
The cheapest apartment in Downtown Prescott is Paramount of Prescott which is listed at $1,100, while the average apartment in Downtown Prescott costs $2,200.
What types of apartments are the cheapest in Downtown Prescott?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Downtown Prescott that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.