Cheap Apartments for Rent in Prescott, IA from $500 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prescott.

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.

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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.

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Cash 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.

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Maryville Meadows
2 to 3 Bedroom Apartments

Maryville Meadows

324 E Summit DrMaryville, MO 64468
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303 W Lowell Ave
1 to 2 Bedroom Apartments

303 W Lowell Ave

303 W Lowell AveShenandoah, IA 51601
Corporate Housing
property at 940 27th St

$735 - $795

1 To 2 Bedroom Rentals

Available Now

940 27th St

ClarindaIA51632

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.

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The Bridges
1 to 2 Bedroom Apartments

The Bridges

1111 N 8th AveWinterset, IA 50273
  • Utilities Included
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800 State Street
2 Bedroom Apartments

800 State Street

800 State StGuthrie Center, IA 50115

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.

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Showing Results 1-50, Page 1 of 2

Prescott, IA Local Guide

Cheapest Available Prescott Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prescott, IA is a 1 Bed unit found at Parkway Village Apartments priced from $540. 1209 Maple St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Prescott apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkway Village ApartmentsOne Bedroom1BR,1BA$540
1209 Maple St1 BED / 1 BATH1BR,1BA$550
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$695
University PointVO 2X12BR,1BA$725
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Woodland Park - Fontanelle1 BR1BR,1BA$775
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
SUGAR CREEK APARTMENTS1 BED 1 BATH1BR,1BA$800
Forest Cove3 Bedroom, 1 Bath3BR,1BA$800
Sunrise Valley Trails Apartments2 bed2BR,1BA$855

Best Value Apartments for Rent in Prescott, IA and Nearby

As of May 31, 2026 the best value apartment in the Prescott area is the $1.08 price per square foot Platinum Pointe - 3 Bed Model at Platinum Pointe Townhomes in the starting from $2,600. The second greatest value Prescott apartment is the Solana Model at Stratford Crossing Flats Townhomes starting at $2,200 with a $1.05 price per square foot in the Glynn Village neighborhood. Here is today’s list of the best values for Prescott apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Platinum Pointe TownhomesPlatinum Pointe - 3 Bed3BR,3BA$1.08
Stratford Crossing Flats TownhomesSolana3BR,3.5BA$1.05
Vesta Village by KadingCottage - 33BR,2BA$1.00
Forest Cove3 Bedroom, 1 Bath3BR,1BA$0.78
Country Club Estates3 Bedroom 2 Bathroom3BR,2BA$0.93
Osceola HeightsVilla3BR,1BA$1.00
Sunrise Valley Trails Apartments2 bed2BR,1BA$0.99
University PointVO2X1R2BR,1BA$0.96
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Parkway Village ApartmentsTwo Bedroom (updated)2BR,1BA$0.99

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prescott, IA Rentals by Map

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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 $865.

How much is rent for a Cheap One Bedroom Prescott Apartment?

The lowest price for a Cheap One Bedroom Prescott Apartment is $540 at Parkway Village Apartments.

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 $690 at Parkway Village Apartments.

What is the most affordable Prescott Three Bedroom Apartment?

The best deal on a cheap Prescott Three Bedroom Apartment rental is at Forest Cove and starts from $800.

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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.