Bungalows on Market Street
5805 Market St,
Prescott Valley, AZ 86314
$1,547 - $2,535 Total Monthly Price
1-3 Beds
Rental Market Trends in Prescott Valley, AZ
What is the average rent in Prescott Valley, AZ?
$1,590/month
Average Rent
693 Sq Ft
Average Apartment Size
-4%
Decrease in the Last Year
As of April 2026, the average rent in Prescott Valley, AZ is $1,590 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Prescott Valley rent prices are 3% lower than the national average. When you rent an apartment in Prescott Valley, you can expect to pay about $1,398 per month for a studio, $1,590 for a one-bedroom apartment, and around $1,894 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,111 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Prescott Valley, AZ?
In the past year, rent has decreased by 4%, which averages out to $64 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 April 2026
Legend
2025
2026
Rent Ranges in Prescott Valley, AZ
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
11%
$1,001 - $1,500/month
78%
$1,501 - $2,000/month
11%
Above $2,000/month
What salary do I need to live comfortably in Prescott Valley, AZ?
Because the average rent in Prescott Valley is $1,590, you’ll want to make about $5,300 per month or $63,600 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 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 $1,398 - $2,111. You can expect to pay 2.7% more for groceries, 9.7% less for utilities, and 4.3% more for transportation.
How does Prescott Valley, AZ compare to other nearby cities and neighborhoods?
Use the tool below to compare Prescott Valley, 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.
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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.
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.