1022 Gail Gardner Way
PrescottAZ86305
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.
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1 to 2 Bedroom Apartments
623-629 Dameron Dr
623-629 Dameron DrPrescott, AZ 86301
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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Studio to 1 Bedroom Apartments
Paramount of Prescott
135 N Montezuma StPrescott, AZ 86301
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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 1 Bedroom Apartments | $1,507 | $1,250 | $1,650 |
| Downtown Prescott 2 Bedroom Apartments | $2,021 | $1,195 | $3,453 |
| Downtown Prescott 3 Bedroom Apartments | $1,700 | $1,700 | $1,700 |
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.
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Downtown Prescott, Prescott, AZ Local Guide
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Best Value Apartments for Rent in Downtown Prescott, AZ
As of January 25, 2026 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 2 Bedroom Model at 858 Valley St starting at $1,850 with a $1.97 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 |
| 858 Valley St | 2 Bedroom | 2BR,2BA | $1.97 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1.74 |
| Canyon Run Apartments | One Bedroom/One Bath Classic | 1BR,1BA | $2.38 |
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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The 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.
Read ArticleCash 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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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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Best Local Schools in Downtown Prescott, Prescott, AZ
Prescott Mile High Middle School
Prescott Unified District
Public School - Grades 6-8 (578)
3 out of 10
School data provided by Great Schools
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 Canyon Run Apartments which is listed at $1,450, while the average apartment in Downtown Prescott costs $9,000.
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
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.