
Cheap Homes for Rent in Downtown Prescott Neighborhood of Prescott, AZ from $1,100 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Prescott area of Prescott.


114 S Virginia St

345 S Virginia St

109 N Pleasant St

605 Ruth St
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.

212 Creekside Cir

136 Grove Ave

805 Canyon Dr

704 Pima Rd

114 N Willow St
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.

114 N Willow St
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 | $2,370 | $1,450 | $3,150 |
| Downtown Prescott 3 Bedroom Homes for Rent | $2,679 | $1,900 | $3,800 |
| Downtown Prescott 4 Bedroom Homes for Rent | $4,991 | $2,750 | $6,450 |
| Downtown Prescott 5 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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 1 Bed unit found at Granite Creek 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Granite Creek Apartments | One Bedroom/One Bath Classic | 1BR,1BA | $1,450 |
| 858 Valley St | 2 Bedroom | 2BR,2BA | $1,850 |
| 836 Valley St | 2 bedroom 2 bathroom | 2BR,2BA | $2,200 |
Best Value Apartments for Rent in Downtown Prescott, AZ
As of February 20, 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 |
| 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 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.
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.
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 73 Apartments for Rent in Downtown Prescott, AZ with pricing that ranges from $1,040 to $10,748. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Prescott ranging from $1,100 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 $1,100 to $6,450 with an average monthly rent of $2,946.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.