Prescott Valley

Come fish in Fain Lake just minutes from Castle Canyon Mesa.
Come fish in Fain Lake just minutes from Castle Canyon Mesa.
There are plenty of multi-story hilltop homes in Mayer.
Colt Grill is a BBQ smokehouse in Prescott Valley with a full bar.

Prescott Valley, AZ Area Guide

Arizona’s must stunning natural landscapes surround this thriving suburban community

Suburb Commuter Nature Mountains Desert Outdoors Scenic

Prescott Valley is a large suburban town positioned on the northeast side of Prescott in central Arizona. The town’s landscape is almost entirely filled by residential neighborhoods, with many Prescott commuters drawn to the tranquil atmosphere. On the south side, State Route 69 serves as the town’s main commercial backbone, lined by shopping centers, restaurants, movie theaters, and other popular hangouts. Nestled between Prescott National Forest and Coconino National Forest with Grand Canyon National Park just a short drive to the north, residents enjoy a prime location for experiencing the phenomenal natural beauty of the region anytime, with endless opportunities for hiking, camping, and mountain biking within minutes of home.

Explore the City

There are plenty of multi-story hilltop homes in Mayer.

Colt Grill is a BBQ smokehouse in Prescott Valley with a full bar.

Come fish in Fain Lake just minutes from Castle Canyon Mesa.

Rent Trends

As of March 2026, the average apartment rent in Prescott Valley, AZ is $1,400 for a studio, $1,607 for one bedroom, $1,883 for two bedrooms, and $2,098 for three bedrooms. Apartment rent in Prescott Valley has decreased by -1.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,607/month
693 Sq Ft
House
$2,311/month
1,473 Sq Ft
Townhome
$2,250/month
1,401 Sq Ft
See Rental Market Trends in Prescott Valley, AZ

Cost of Living

The cost of living in Prescott Valley, AZ is 24.6% higher than the national average. Generally, housing in Prescott Valley is 72.8% more expensive than the national average, with rent falling between $1,400 - $2,098. You can expect to pay 2.7% more for groceries, 9.7% less for utilities, and 4.3% more for transportation.

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Getting Around

Explore how walkable, bikeable, drivable, and transit-friendly Prescott Valley, AZ is for everyday living.

Car-Dependent

40 / 100

This area is considered a car-dependent area and most errands will require a car.

Somewhat Bikeable

40 / 100

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Schools

Points of Interest

Parks and Recreation

  • Highlands Center for Natural History
  • Prescott Peavine National Recreation Trail
  • Watson Woods Riparian Preserve
  • Heritage Park Zoological Sanctuary
  • Watson Lake Park

Military Bases

Top Apartments in Prescott Valley

Houses for Rent in Prescott Valley

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.