Homes For Rent in Prescott, AZ

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What to Know About

Life in Prescott & Beyond

Prescott shares many of the great qualities that make Arizona a desirable place to live.

Arizona is where the beauty of nature and the richness of culture collide. From the majestic red rocks of Sedona to the vibrant streets of Phoenix, Arizona is a state like no other. Explore its diverse cultural offerings by visiting historical landmarks such as the Heard Museum and the Pueblo Grande Museum & Archaeological Park. And for those seeking higher education, this is the place for renowned universities like Arizona State University and the University of Arizona, one of the largest research universities in the United States. In addition, Arizona's economy is ever-growing thanks to the industries of technology, tourism, and agriculture.

Adventure seekers and sports enthusiasts will find no shortage of activities in Arizona. Explore the Grand Canyon, go for a hike in the many scenic state parks, cheer on the Arizona Cardinal (NFL), Arizona Coyotes (NHL), Arizona Diamondbacks (MLB), and Phoenix Suns (NBA), or watch exciting college sports games at the state's universities. In addition, appreciate famous attractions like the Saguaro National Park, the Petrified Forest National Park, and the historic city of Tombstone.

A desert oasis of adventure and discovery, Arizona is a great place to call home for those seeking an exciting and relaxing lifestyle.

Rental Market Trends

Prescott, AZ

As of March 2025, Prescott's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Prescott's average rent is 7.9% ($143) higher than the Arizona average of $1,814 and 9.5% ($169) higher than the U.S. average of $1,788.

Average Rent
$1,957
Monthly ChangeMonth Over Month Change
Increased2.4% ($46)
Yearly ChangeYear Over Year Change
Increased16.6% ($279)
Avg. Days on MarketAverage Days on Market
21
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,228 Increased1.2% ($14) Increased14.1% ($152)
2 Beds $2,038 Increased1.3% ($27) Increased29.4% ($463)
3 Beds $2,302 Decreased1.1% ($25) Increased20.3% ($389)
Nearby Cities Average Rent Avg. Rent vs. PrescottAverage Rent vs. Prescott Avg. Days on MarketAverage Days on Market
Prescott Valley $1,716 Decreased12.3% ($241) 26 days
Dewey $1,768 Decreased9.7% ($189) 24 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Prescott Rental Market FAQs

Explore rental prices, market trends, and availability in Prescott, AZ.

The average rent in Prescott, AZ is $1,957 per month.
Homes in Prescott typically rent for between $860 and $2,993 per month, with an average of $1,957 per month.
In Prescott, the average rent for a 1-bedroom home is $1,228 per month, for a 2-bedroom home, $2,038 per month, and a 3-bedroom home is $2,302 per month.
The average rent in Prescott is 9.5% ($169) higher than the national average of $1,788 per month.
The average rent in Prescott has increased by 2.4% ($46) in the last month and increased by 16.6% ($279) over the past year.
The rental market in Prescott, AZ, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Prescott, AZ, the average rental stays on the market for approximately 21 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 48 rental properties available in Prescott, AZ.
Based on the current averages, a household would need an annual income of $81,520 to comfortably afford a 2-bedroom home in Prescott.
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