Willow Creek Apartments
3147 Willow Creek Rd,
Prescott, AZ 86301
Studio - 2 Beds | $1,481 - $1,932
Rental Market Trends in Prescott, AZ
Updated July 2026
The average rent in Prescott, AZ is $1,430/month.
Rent in Prescott is roughly equal to the national average rent of of $1,663/month.
$1,430/month
Average Rent
625 Sq Ft
Average Size
-1.5%
Change / Year
437
Available Apartments
Prescott rent varies by unit size and layout:
- Studio apartments in Prescott average $1,359 per month.
- One-bedroom apartments in Prescott average $1,430 per month.
- Two-bedroom apartments in Prescott average $1,711 per month.
- Three-bedroom apartments in Prescott average $1,763 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Prescott, AZ?
In the past year, rent has decreased by 1.5%, which averages out to $20 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Prescott, AZ
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
19%
$700 - $1,000/month
35%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Prescott?
Based on current rent prices, Downtown Prescott is the most affordable neighborhood in Prescott.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Prescott?
Based on current rent prices, Downtown Prescott is the most expensive neighborhood in Prescott.
Neighborhood
Average Rent
Average Sq Ft
Which Prescott neighborhoods have the most rentals available?
The neighborhood in Prescott with the most apartments available is Downtown Prescott .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Prescott, AZ?
Because the average rent in Prescott is $1,430, you’ll want to make about $4,766 per month or $57,192 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 23.5% higher than the national average. Generally, housing in Prescott is 69.3% more expensive than the national average, with rent falling between $1,359 - $1,763. You can expect to pay 1.8% more for groceries, 9.8% less for utilities, and 3.3% more for transportation.
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.
View the Prescott Area GuideStudio
$926/month
$926/month
One Bedroom
$1,043/month
$1,043/month
Two Bedroom
$1,523/month
$1,523/month
Three Bedroom
$1,003/month
$1,003/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Prescott We Think You'll Love
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
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Prescott?
The average rent in Prescott is $1,430 per month, which is 14.0% lower than the national average of $1,663.
What is the average rent for a house in Prescott?
The average rent for a house in Prescott, AZ is $2,499 per month.
What is the average rent for a townhome in Prescott?
The average rent for a townhome in Prescott, AZ is $1,857 per month.
Are rents going up or down in Prescott?
Rents in Prescott, AZ are decreasing, with prices down 1.5% year-over-year and $20 less per month.
What rent range is most common in Prescott?
In Prescott, AZ, 35% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.