Cheap Apartments for Rent in Prescott, AZ from $700 (3 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
623-629 Dameron Dr
1 to 2 Bedroom Apartments

623-629 Dameron Dr

623-629 Dameron DrPrescott, AZ 86301
Utilities inc.

Prescott, AZ Local Guide

Cheapest Neighborhoods for Apartments in Prescott, AZ

Pricing Updated: 02/26/2025

Current apartment rentals in the Prescott, AZ area range in price from $900 to $5,025 with an overall median price of $1,894. The three Prescott neighborhoods with the lowest median rent pricing are Miller Valley at $900, Downtown Prescott at $900, and Whiskey Row at $900. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Prescott Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Miller Valley$1,595$900157
Downtown Prescott$1,650$900225
Whiskey Row$1,650$900163
Wildwood Estates$2,025$900405
Forbing Park$2,205$900765
Diamond Valley$2,240$1,4654211

Best Value Apartments for Rent in Prescott, AZ

As of February 26, 2025 the best value apartment in the Prescott area is the $1.96 price per square foot Prairie Clover Model at Terraces at Glassford Hill in the in the Diamond Valley neighborhood starting from $2,209. The second greatest value Prescott apartment is the 2x2 Model at Willow Creek Apartments starting at $2,025 with a $1.86 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Terraces at Glassford HillPrairie Clover3BR,2BA$1.96
Willow Creek Apartments2x22BR,2BA$1.86
237 S Alarcon St, Unit 237 S. Alarcon Apt A237 S Alarcon St2BR,1BA$1.53
311 W Hillside Ave2 Bd2BR,2BA$1.93
1004 E Goodwin St2BR/1.0BA2BR,1BA$1.54
322 Pioneer Dr, Unit #2322 Pioneer Dr2BR,1BA$2.31
The Flats at Jasper1A1BR,1BA$2.28
Legacy at Prescott LakesA11BR,1BA$2.20
Winfield at the Ranch1 Bed1BR,1BA$2.50
Prescott View Apartments1x11BR,1BA$2.40

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.

decorative image of people with a giant lease agreement

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

Explore Prescott, AZ Rentals by Map

View MapPrescott, AZ Apartments MapView MapPrescott, AZ Rental Homes Map

Getting Around Prescott, AZ

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 2051 Apartments listed at $1,625.

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

The lowest price for a Cheap One Bedroom Prescott Apartment is $1,475 at Prescott View 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 $1,275 at 1004 E Goodwin St.

What is the most affordable Prescott Three Bedroom Apartment?

The best deal on a cheap Prescott Three Bedroom Apartment rental is at Terraces at Glassford Hill and starts from $2,209.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.