Cheap Homes for Rent in Downtown Prescott Neighborhood of Prescott, AZ from $1,400 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes 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.

Read Article

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.

Read Article
Showing Results 1-12, 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 Canyon Run Apartments priced from $1,450. 858 Valley St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,850. Here are the most affordable Downtown Prescott apartments for rent in Prescott, AZ:

Apartment ListingModel NameBed/BathPriced From
Canyon Run ApartmentsOne Bedroom/One Bath Classic1BR,1BA$1,450
858 Valley St2 Bedroom2BR,2BA$1,850
836 Valley St2 bedroom 2 bathroom2BR,2BA$2,200

Best Value Apartments for Rent in Downtown Prescott, AZ

As of December 22, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
836 Valley St2 bedroom 2 bathroom2BR,2BA$2.15
858 Valley St2 Bedroom2BR,2BA$1.97
Canyon Run ApartmentsOne Bedroom/One Bath Classic1BR,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.

Read Article
Decorative image

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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Prescott, Prescott, AZ

Ranked #4

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Prescott, Prescott, AZ

School data provided by Great Schools

Frequently Asked Questions about Downtown Prescott

What type of rentals are currently available in Downtown Prescott?

There are currently 76 Apartments for Rent in Downtown Prescott, AZ with pricing that ranges from $1,090 to $4,148. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Prescott ranging from $1,400 to $6,450.

What is the current price range for Rental Homes in Downtown Prescott?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Prescott ranges from $1,400 to $6,450 with an average monthly rent of $2,754.

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

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.