Cheap Homes for Rent in Prescott, AZ from $1,200 (16 Rentals)

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Cheap Homes in Prescott.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Prescott, AZ Local Guide

Cheapest Neighborhoods for Apartments in Prescott, AZ

Pricing Updated: 05/01/2025

Current apartment rentals in the Prescott, AZ area range in price from $900 to $4,530 with an overall median price of $2,171. The three Prescott neighborhoods with the lowest median rent pricing are Forbing Park at $900, Downtown Prescott at $900, and Miller Valley 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
Forbing Park$1,999$90064
Downtown Prescott$2,200$90033
Miller Valley$2,200$90025
Whiskey Row$2,200$90027
Wildwood Estates$2,200$90039
Diamond Valley$2,230$1,415176

Cheapest Available Prescott Apartments for Rent

 

The cheapest available apartment rental in Prescott, AZ is a Studio unit found at Paramount of Prescott in the Forbing Park neighborhood priced from $900. 1004 E Goodwin St in the Forbing Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,445. Here is today’s list of the most affordable Prescott apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Paramount of PrescottStudioStudio,1BA$900
1004 E Goodwin St2BR/1.0BA2BR,1BA$1,445
Prescott View Apartments1x11BR,1BA$1,475
Willow Creek ApartmentsStudioStudio,1BA$1,500
Winfield at the Ranch1 Bed1BR,1BA$1,606

Best Value Apartments for Rent in Prescott, AZ

As of May 02, 2025 the best value apartment in the Prescott area is the $2.15 price per square foot 2 bedroom 2 bathroom Model at 836 Valley St in the in the Forbing Park neighborhood starting from $2,200. The second greatest value Prescott apartment is the B2R Model at Legacy at Prescott Lakes starting at $1,980 with a $2.17 price per square foot in the Diamond Valley 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.
836 Valley St2 bedroom 2 bathroom2BR,2BA$2.15
Legacy at Prescott LakesB2R2BR,2BA$2.17
Terraces at Glassford HillPrickly Pear1BR,1BA$1.98
1004 E Goodwin St2BR/1.0BA2BR,1BA$1.74
The Flats at Jasper1A1BR,1BA$2.37
Winfield at the Ranch1 Bed1BR,1BA$2.23
Willow Creek ApartmentsStudioStudio ,1BA$2.24
Prescott View Apartments1x11BR,1BA$2.40
2051 ApartmentsLynxStudio ,1BA$2.77
Prescott Lakes Senior ApartmentsIronwood1BR,1BA$3.33

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Frequently Asked Questions about Prescott

What type of rentals are currently available in Prescott?

There are currently 92 Apartments for Rent in Prescott, AZ with pricing that ranges from $900 to $3,302. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prescott ranging from $1,215 to $9,700.

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 $1,215 to $9,700 with an average monthly rent of $2,902.

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.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.