Cheap Homes for Rent in Prescott, IA from $500 (11 Rentals)

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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.

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.

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. Forest Cove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here is today’s list of the most affordable Prescott apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkway Village Apartments1 Bedroom1BR,1BA$540
Forest Cove Apartments1x1 Small1BR,1BA$615
1010 N 16th St1 bedroom unit1BR,1BA$725
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Regency Villa of Atlantic1 Bedroom1BR,1BA$775

Best Value Apartments for Rent in Prescott, IA and Nearby

As of June 02, 2025 the best value apartment in the Prescott area is the $1.04 price per square foot Platinum Pointe - 3 Bed Model at Platinum Pointe in the starting from $2,500. The second greatest value Prescott apartment is the 3 Bed 2.5 Bath Townhome Model at Providence Lane Townhomes starting at $1,640 with a $1.14 price per square foot . 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 PointePlatinum Pointe - 3 Bed3BR,3BA$1.04
Providence Lane Townhomes3 Bed 2.5 Bath Townhome3BR,2.5BA$1.14
Prairie Grass at Jordan CreekAster Terrace2BR,2BA$1.20
Twin Eagles EastSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
Forest Cove Apartments2x12BR,1BA$0.95
Country Court Apartments2BNCab2BR,1BA$1.06
Park Avenue Apartments2 Bed2BR,1BA$1.12
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Summerset Apartments2 Beds, 1 bath2BR,1BA$1.09
Parkway Village Apartments2 Bedroom Remodeled2BR,2BA$0.99

Quick Rent Budget Calculator

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Frequently Asked Questions about Prescott

What type of rentals are currently available in Prescott?

There are currently 43 Apartments for Rent in Prescott, IA with pricing that ranges from $540 to $4,011. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prescott ranging from $550 to $2,500.

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 $550 to $2,500 with an average monthly rent of $1,534.

How much are larger Three and Four Bedroom Rentals in Prescott?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prescott range from $1,110 to $4,011, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,060 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $2,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.