Bungalows on Market Street
5805 Market St,
Prescott Valley, AZ 86314
1-3 Beds | $1,860 - $2,535
Rental Market Trends in Prescott Valley, AZ
Updated August 2026
The average rent in Prescott Valley, AZ is $1,614/month.
Rent in Prescott Valley is roughly equal to the national average rent of of $1,664/month.
$1,614/month
Average Rent
707 Sq Ft
Average Size
-1.9%
Change / Year
576
Available Apartments
Prescott Valley rent varies by unit size and layout:
- Studio apartments in Prescott Valley average $1,388 per month.
- One-bedroom apartments in Prescott Valley average $1,614 per month.
- Two-bedroom apartments in Prescott Valley average $1,846 per month.
- Three-bedroom apartments in Prescott Valley average $2,153 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Prescott Valley, AZ?
In the past year, rent has decreased by 1.9%, which averages out to $30 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Prescott Valley, AZ
August 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
67%
$1,501 - $2,000/month
22%
Above $2,000/month
What salary do I need to live comfortably in Prescott Valley, AZ?
Because the average rent in Prescott Valley is $1,614, you’ll want to make about $5,380 per month or $64,560 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 23.5% higher than the national average. Generally, housing in Prescott Valley is 69.3% more expensive than the national average, with rent falling between $1,388 - $2,153. You can expect to pay 1.8% more for groceries, 9.8% less for utilities, and 3.3% 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.
View the Prescott Valley Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Prescott
Avg Rent: $1,438/month
-
Dewey
Avg Rent: $1,713/month
-
Chino Valley
Avg Rent: $1,051/month
-
Jerome
Avg Rent: $872/month
-
Clarkdale
Avg Rent: $742/month
-
Cottonwood
Avg Rent: $1,365/month
Apartment Communities in Prescott Valley We Think You'll Love
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Frequently Asked Questions
What is the average rent in Prescott Valley?
The average rent in Prescott Valley is $1,614 per month, which is 3.0% lower than the national average of $1,664.
What is the average rent for a house in Prescott Valley?
The average rent for a house in Prescott Valley, AZ is $2,296 per month.
Are rents going up or down in Prescott Valley?
Rents in Prescott Valley, AZ are decreasing, with prices down 1.9% year-over-year and $30 less per month.
What rent range is most common in Prescott Valley?
In Prescott Valley, AZ, 67% of apartments fall between $1,501 - $2,000/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.