• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
    • Chandler Apartments For Rent
    • Gilbert Apartments For Rent
    • Glendale Apartments For Rent
    • Goodyear Apartments For Rent
    • Mesa Apartments For Rent
    • Paradise Valley Apartments For Rent
    • Peoria Apartments For Rent
    • Phoenix Apartments For Rent
    • Scottsdale Apartments For Rent
    • Tempe Apartments For Rent
  • Houses For Rent
    • Chandler Houses For Rent
    • Gilbert Houses For Rent
    • Glendale Houses For Rent
    • Mesa Houses For Rent
    • Peoria Houses For Rent
    • Phoenix Houses For Rent
    • San Tan Valley Houses For Rent
    • Scottsdale Houses For Rent
    • Surprise Houses For Rent
    • Tempe Houses For Rent
  • Condos For Rent
    • Bullhead City Condos For Rent
    • Chandler Condos For Rent
    • Flagstaff Condos For Rent
    • Gilbert Condos For Rent
    • Glendale Condos For Rent
    • Lake Havasu City Condos For Rent
    • Mesa Condos For Rent
    • Paradise Valley Condos For Rent
    • Phoenix Condos For Rent
    • Scottsdale Condos For Rent
  • Townhomes For Rent
    • Chandler Townhomes For Rent
    • Flagstaff Townhomes For Rent
    • Fountain Hills Townhomes For Rent
    • Gilbert Townhomes For Rent
    • Glendale Townhomes For Rent
    • Mesa Townhomes For Rent
    • Paradise Valley Townhomes For Rent
    • Peoria Townhomes For Rent
    • Phoenix Townhomes For Rent
    • Scottsdale Townhomes For Rent
  • Help Center
  • Cost of Living in Prescott
  • Area Guide
  • Rent Calculator
  • Property Management Companies

Language

Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Prescott, AZ

What is the average rent in Prescott, AZ?

$1,454/month

Average Rent

611 Sq Ft

Average Apartment Size

0%

Decrease in the Last Year

As of June 2025, the average rent in Prescott, AZ is $1,454 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Prescott rent prices are 11% lower than the national average. When you rent an apartment in Prescott, you can expect to pay about $1,346 per month for a studio, $1,454 for a one-bedroom apartment, and around $1,680 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,576 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,346/month
460 Sq Ft
One Bedroom
$1,454/month
611 Sq Ft
Two Bedroom
$1,680/month
1,002 Sq Ft
Three Bedroom
$1,576/month
1,241 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,592/month
592 Sq Ft
Two Bedroom
$2,181/month
1,232 Sq Ft
Three Bedroom
$2,462/month
1,525 Sq Ft
Four Bedroom
$4,346/month
2,664 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,851/month
1,145 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,803/month
1,073 Sq Ft

How much has average rent changed in Prescott, AZ?

In the past year, rent has decreased by 0%, which averages out to $0 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Prescott, AZ
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Prescott, AZ
Percentage*
Rent Range
3% Below $700/month
23% $700 - $1,000/month
32% $1,001 - $1,500/month
26% $1,501 - $2,000/month
16% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Prescott?

Based on current rent prices, Cliff Rose, Parkside at Prescott Lakes and Astoria at Prescott Lakes are the most affordable neighborhoods in Prescott.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Cliff Rose
$1,845/month
559 Sq Ft
Parkside at Prescott Lakes
$1,845/month
559 Sq Ft
Astoria at Prescott Lakes
$1,845/month
559 Sq Ft

What are the most expensive neighborhoods in Prescott?

Based on current rent prices, Cliff Rose, Parkside at Prescott Lakes and Astoria at Prescott Lakes are the most expensive neighborhoods in Prescott.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Cliff Rose
$1,845/month
559 Sq Ft
Parkside at Prescott Lakes
$1,845/month
559 Sq Ft
Astoria at Prescott Lakes
$1,845/month
559 Sq Ft

Which Prescott neighborhoods have the most rentals available?

The neighborhoods in Prescott with the most apartments available are Cliff Rose, Parkside at Prescott Lakes and Astoria at Prescott Lakes .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Cliff Rose
$1,845/month
559 Sq Ft
Parkside at Prescott Lakes
$1,845/month
559 Sq Ft
Astoria at Prescott Lakes
$1,845/month
559 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Prescott, AZ?

Because the average rent in Prescott is $1,454, you’ll want to make about $4,846 per month or $58,152 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Prescott, AZ is 20.1% higher than the national average. Generally, housing in Prescott is 59.6% more expensive than the national average, with rent falling between $1,346 - $1,680. You can expect to pay 2.0% more for groceries, 8.2% less for utilities, and 5.9% more for transportation.

City

Prescott, AZ

610 Available Apartments for Rent

Search for Nearby Apartments

How does Prescott, AZ compare to other nearby cities and neighborhoods?

Use the tool below to compare Prescott, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Prescott, AZ

Apartment Averages

Cliff Rose

Prescott, AZ

Cliff Rose

Prescott, AZ

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Prescott Valley Average Rent

Apartment communities in Prescott we think you'll love

Willow Creek Apartments

Willow Creek Apartments

3147 Willow Creek Rd,
Prescott, AZ 86301

Studio - 2 Beds | $1,350 - $1,850

2051 Apartments

2051 Apartments

2057 Willow Lake Rd,
Prescott, AZ 86301

Studio - 2 Beds | $1,625 - $2,000

The Crossings at Windsong

The Crossings at Windsong

3830 N Windsong Dr,
Prescott Valley, AZ 86314

Studio - 3 Beds | $1,566 - $2,635

Legacy at Prescott Lakes

Legacy at Prescott Lakes

1998 Prescott Lakes Pky,
Prescott, AZ 86301

Studio - 3 Beds | $1,635 - $2,215

Property Management Companies in Prescott, AZ

Northland
Northland
  • 81

    Communities

  • 25,063

    Units

  • 43

    Cities

2 Communities in Prescott
Next Wave Property Management, LLC
Next Wave Property Management, LLC
  • 25

    Communities

  • 2,385

    Units

  • 14

    Cities

2 Communities in Prescott
P. B. Bell
P. B. Bell
  • 25

    Communities

  • 5,643

    Units

  • 10

    Cities

2 Communities in Prescott
Greystar
Greystar
  • 3,265

    Communities

  • 907,285

    Units

  • 843

    Cities

1 Community in Prescott
Cushman & Wakefield
Cushman & Wakefield
  • 545

    Communities

  • 127,429

    Units

  • 279

    Cities

1 Community in Prescott
Two Coast Living
Two Coast Living
  • 91

    Communities

  • 27,770

    Units

  • 78

    Cities

1 Community in Prescott
CONAM Management Corporation
CONAM Management Corporation
  • 144

    Communities

  • 27,106

    Units

  • 77

    Cities

1 Community in Prescott
CAM Properties
CAM Properties
  • 77

    Communities

  • 10,670

    Units

  • 14

    Cities

1 Community in Prescott

Learn More with Helpful Articles

Tips for Finding an Apartment in a New City

Concrete jungle or small-town suburb? Your new home awaits.

Non-Monetary Factors to Consider When Renting or Buying a Home

Money isn't the only matter.

How to Choose an Apartment Community You’ll Love

Avoid renter's remorse - know what to look for in your next apartment.

5 Tips For Moving into Your First Apartment

Move in stress-free - the first time's a charm!

Explore the Renterverse

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Start managing your rentals
United States Arizona Prescott Rental Trends

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 June 2025.

* Percentages may not total 100 due to rounding.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Long Island Apartments
  • Sitemap
apartments.com
© 2025 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2025 CoStar Group, Inc.

Equal Housing Opportunity