
Cheap Apartments for Rent in Prescott, IA from $500 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Prescott.


Historic Winterset High School Apartments 55+

Woodland Park - Adair

Forest Cove Apartments

Summit House Apartments

Park Avenue Apartments

Timber Creek Apartments

University Point

Woodland Park - Fontanelle

Total Monthly Price
Fountain Terrace
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.

Adel Village Apartments

Center Stage

Country Court Apartments - Waukee

Fireside at Waukee

Total Monthly Price
Sunrise Valley Trails Apartments

The Lofts at Kettlestone Central

Prairie Grass at Jordan Creek

Lift at Jordan Creek

Twin Eagles East

Glenwood
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.

Cherry Creek

Total Monthly Price
Converge NW

Osceola Heights

Total Monthly Price
Park 88 Apartments

Prairie Village Commons Apartments and Townhomes

Total Monthly Price
Stratford Pointe

1115 N College Dr

Maryville Meadows

Pointe on 88th

114 E 3rd St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

303 W Lowell Ave

1135 1/2 N College Dr

523.5 W 7th St

1135 N College Dr

409.5 E 3rd St

1001 N Buchanan St

1145 N College Dr

Clarinda West Apartments

Red Oak 48-Unit (City View Apartments)

519.5 W 8th St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Woodland Park - Red Oak

212 N 13th St

1010 N 16th St

Regency Villa of Atlantic

940 27th St

Woodland Park - Griswold

Summerset Apartments

The Bridges

309 2nd Ave

Sugar Creek Senior Apartment Community
Navigating 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.
Prescott, IA Local Guide

How much does it cost to rent an apartment in Prescott?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prescott Studio Apartments | $1,036 | $575 | $1,660 |
| Prescott 1 Bedroom Apartments | $1,147 | $540 | $1,965 |
| Prescott 2 Bedroom Apartments | $1,487 | $640 | $2,654 |
| Prescott 3 Bedroom Apartments | $1,751 | $945 | $3,071 |
| Prescott 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Top Apartments in Prescott
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Prescott, IA Local Guide
- Nearby Cities
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Cheapest Available Prescott Apartments for Rent and Nearby
 The cheapest available apartment rental in Prescott, IA is a 1 Bed unit found at Woodland Park - Adair priced from $600. Red Oak 48-Unit (City View Apartments) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Prescott apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodland Park - Adair | 1 BR | 1BR,1BA | $600 |
| Red Oak 48-Unit (City View Apartments) | 1 Bedroom | 1BR,1BA | $695 |
| Park Avenue Apartments | 2 Bed | 2BR,1BA | $695 |
| Timber Creek Apartments | 1 Bed/1 Bath | 1BR,1BA | $725 |
| Forest Cove Apartments | 2x1 | 2BR,1BA | $725 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $755 |
| Woodland Park - Fontanelle | 1 BR | 1BR,1BA | $775 |
| Fountain Terrace | Neptune | Studio,1BA | $795 |
| Adel Village Apartments | 1 Bedroom | 1BR,1BA | $850 |
| Fireside at Waukee | Ash | Studio,1BA | $853 |
Best Value Apartments for Rent in Prescott, IA and Nearby
As of March 01, 2026 the best value apartment in the Prescott area is the $0.98 price per square foot Timberline Model at Timberline Ridge in the in the Glynn Village neighborhood starting from $2,350. The second greatest value Prescott apartment is the Platinum Pointe - 4 Bed Model at Platinum Pointe starting at $2,700 with a $1.13 price per square foot . 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. |
|---|---|---|---|
| Timberline Ridge | Timberline | 3BR,3BA | $0.98 |
| Platinum Pointe | Platinum Pointe - 4 Bed | 4BR,3BA | $1.13 |
| Cherry Creek | Glenwood-Hutton | 3BR,1BA | $0.99 |
| Osceola Heights | Villa | 3BR,1BA | $1.00 |
| Sunrise Valley Trails Apartments | 2 bed | 2BR,1BA | $0.99 |
| Lift at Jordan Creek | Amplify | 1BR,1BA | $1.21 |
| Forest Cove Apartments | 2x1 | 2BR,1BA | $0.89 |
| Park Avenue Apartments | 2 Bed | 2BR,1BA | $0.87 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
| Woodland Park - Adair | 1 BR | 1BR,1BA | $0.92 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prescott, IA Rentals by Map
See the most popular apartments and homes in Prescott, IA
Frequently Asked Questions about Cheap Prescott Apartments
What is the Cheapest Studio apartment in Prescott?
Currently the most affordable Cheap Studio Apartment in Prescott is at Fountain Terrace listed at $795.
How much is rent for a Cheap One Bedroom Prescott Apartment?
The lowest price for a Cheap One Bedroom Prescott Apartment is $600 at Woodland Park - Adair.
What is the lowest price for a Cheap Two Bedroom Prescott Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prescott is starting from $695 at Park Avenue Apartments.
What is the most affordable Prescott Three Bedroom Apartment?
The best deal on a cheap Prescott Three Bedroom Apartment rental is at Sunrise Valley Trails Apartments and starts from $945.
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.