
Cheap Homes for Rent in Prescott, AZ from $1,444 (30 Rentals)
Search the lowest-cost Homes available for rent right now in Prescott.


519 Copper Basin Rd

4925 Summit Cir

1230 Stetson Rd

2851 Smoke Tree Ln

6120 Antelope Villas Cir

878 Valley St, Unit B
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.

6132 Antelope Villas Cir

1120 Leaf Ln

1048 Whipple St

1137 Hughes St

495 N Coulter Cir

1119 Leaf Ln

4739 E Julie Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

439 Foxfire Ln

3110 Cedar Ln

1460 Loren Dr

4699 S Feldspar Rd

3089 Peaks View Ln

4964 Summit Cir

6461 E Kilkenny Pl
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

846 Prescott Heights Dr

3050 N Date Creek Dr

6164 Antelope Villas Cir, Unit 233

4967 Gemstone Dr

6188 E Oliver Ave

2270 Sandia Dr

2301 Nolte Dr, Unit Upstairs
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1595 Sierry Peaks Dr

4649 N Kirkwood Ave
Prescott, AZ Local Guide

How much does it cost to rent a home in Prescott?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prescott 2 Bedroom Homes for Rent | $2,326 | $1,444 | $4,000 |
| Prescott 3 Bedroom Homes for Rent | $2,555 | $1,620 | $5,500 |
| Prescott 4 Bedroom Homes for Rent | $3,606 | $1,995 | $5,500 |
Browse Top Homes for Rent in Prescott
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Prescott, AZ Local Guide
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Cheapest Neighborhoods for Apartments in Prescott, AZ
Pricing Updated: 08/31/2026Current apartment rentals in the Prescott, AZ area range in price from $950 to $9,288 with an overall median price of $1,532. The three Prescott neighborhoods with the lowest median rent pricing are Miller Valley at $1,275, Wildwood Estates at $1,434, and Downtown Prescott at $1,450. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Prescott Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Miller Valley | $1,275 | $950 | 16 |
| Wildwood Estates | $1,434 | $950 | 21 |
| Downtown Prescott | $1,450 | $950 | 36 |
| Forbing Park | $1,450 | $950 | 39 |
| Whiskey Row | $1,450 | $994 | 31 |
| Diamond Valley | $1,755 | $1,339 | 65 |
| Tutt | $1,985 | $1,675 | 1 |
Cheapest Available Prescott Apartments for Rent
 The cheapest available apartment rental in Prescott, AZ is a 1 Bed unit found at 558 Dameron Dr in the Forbing Park neighborhood priced from $1,000. PM16-00317G: Cortez in the Forbing Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,190. Here is today’s list of the most affordable Prescott apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 558 Dameron Dr | 1 | 1BR,1BA | $1,000 |
| PM16-00317G: Cortez | 0BR/1.0BA | Studio,1BA | $1,190 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1,250 |
| The View at Prescott Valley | 1 Bedroom Queen – Q | 1BR,1BA | $1,325 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $1,339 |
| 5270-5280 Diamond Dr | 1 Beds, 1 Baths | 1BR,1BA | $1,344 |
| Prescott View Apartments | 1x1 | 1BR,1BA | $1,350 |
| Prescott Woodlands Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,375 |
| Granite Creek Apartments | One Bedroom/One Bath Classic | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Prescott, AZ
As of August 31, 2026 the best value apartment in the Prescott area is the $1.93 price per square foot 2 Bed (L) Model at Winfield at the Ranch in the in the Diamond Valley neighborhood starting from $2,395. The second greatest value Prescott apartment is the 2BR/1.5BA Model at 318 Marina starting at $1,650 with a $1.62 price per square foot in the Forbing Park neighborhood. Here is today’s list of the best values for Prescott apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Winfield at the Ranch | 2 Bed (L) | 2BR,2BA | $1.93 |
| 318 Marina | 2BR/1.5BA | 2BR,1.5BA | $1.62 |
| Legacy at Prescott Lakes | B2R | 2BR,2BA | $2.23 |
| Willow Creek Apartments | 1x1 | 1BR,1BA | $1.84 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $1.85 |
| 1004 E Goodwin St | 2BR/1.0BA | 2BR,1BA | $1.56 |
| 5270-5280 Diamond Dr | 1 Beds, 1 Baths | 1BR,1BA | $1.79 |
| 558 Dameron Dr | 1 | 1BR,1BA | $1.38 |
| Prescott View Apartments | 1x1 | 1BR,1BA | $2.20 |
| 2051 Apartments | Lynx | Studio ,1BA | $2.50 |
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 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 Prescott, AZ
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Prescott, AZ
Frequently Asked Questions about Prescott
What type of rentals are currently available in Prescott?
There are currently 108 Apartments for Rent in Prescott, AZ with pricing that ranges from $950 to $9,288. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prescott ranging from $1,444 to $5,500.
What is the current price range for Rental Homes in Prescott?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prescott ranges from $1,444 to $5,500 with an average monthly rent of $2,547.
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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.