
Cheap Homes for Rent in the Downtown Prescott Neighborhood of Prescott, AZ from $1,350 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Prescott area of Prescott.


1242 Stetson Rd

519 Copper Basin Rd

1048 Whipple St
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.

1102 Boulder Park Ave

878 Valley St, Unit B

930 Old Stage Rd

1602 Lindley Dr, Unit Condo
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Downtown Prescott, Prescott, AZ Local Guide

How much does it cost to rent a home in Downtown Prescott?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Prescott 2 Bedroom Homes for Rent | $2,142 | $1,350 | $3,325 |
| Downtown Prescott 3 Bedroom Homes for Rent | $2,724 | $1,800 | $4,800 |
| Downtown Prescott 4 Bedroom Homes for Rent | $3,400 | $2,700 | $4,100 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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
 The cheapest available apartment rental in the Downtown Prescott area of Prescott, AZ is a Studio unit found at Prescott Woodlands Apartments priced from $899. 625 Dameron St. has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Downtown Prescott apartments for rent in Prescott, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prescott Woodlands Apartments | 0 Beds, 1 Baths | Studio,1BA | $899 |
| 625 Dameron St. | 2BR/1.0BA | 2BR,1BA | $995 |
| 558 Dameron Dr | 1 | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Downtown Prescott, AZ
As of September 12, 2026 the best value apartment in the Downtown Prescott area is the $1.47 price per square foot 2BR/1.5BA Model at 318 Marina in the in the Forbing Park neighborhood starting from $1,495. The second greatest value Downtown Prescott apartment is the 221 S Alarcon St Model at 221 S Alarcon St, Unit 221 S. Alarcon Apt B starting at $1,495 with a $1.50 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. |
|---|---|---|---|
| 318 Marina | 2BR/1.5BA | 2BR,1.5BA | $1.47 |
| 221 S Alarcon St, Unit 221 S. Alarcon Apt B | 221 S Alarcon St | 2BR,1BA | $1.50 |
| The View on Iron Springs | 2BR/2.0BA | 2BR,2BA | $1.60 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1.42 |
| 625 Dameron St. | 2BR/1.0BA | 2BR,1BA | $1.24 |
| 558 Dameron Dr | 1 | 1BR,1BA | $1.38 |
| Granite Creek Apartments | One Bedroom/One Bath Renovated | 1BR,1BA | $2.71 |
| 704 Hermosa Rd, Unit B | 704 Hermosa Rd | 1BR,1BA | $2.55 |
| 214 Madison Ave | 1BR/1.0BA | 1BR,1BA | $2.54 |
| Prescott Woodlands Apartments | 0 Beds, 1 Baths | Studio ,1BA | $2.81 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Downtown Prescott
What type of rentals are currently available in Downtown Prescott?
There are currently 93 Apartments for Rent in Downtown Prescott, AZ with pricing that ranges from $950 to $9,288. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Prescott ranging from $1,350 to $4,800.
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 $1,350 to $4,800 with an average monthly rent of $2,314.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.