Apartments 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 July 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 3.7% ($61) lower than the Arizona average of $1,666 and 9.6% ($170) lower than the U.S. average of $1,775.

Average Rent
$1,605
Monthly ChangeMonth Over Month Change
Decreased4.5% ($75)
Yearly ChangeYear Over Year Change
Decreased12.4% ($227)
Avg. Days on MarketAverage Days on Market
21
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,301 No change Decreased4.5% ($61)
2 Beds $1,692 Decreased7.4% ($136) Decreased5.8% ($105)
3 Beds $2,321 Decreased3.4% ($81) Decreased2.8% ($66)
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 $1,605 per month.
Apartments in Prescott typically rent for between $911 and $3,017 per month, with an average of $1,605 per month.
In Prescott, the average rent for a 1-bedroom apartment is $1,301 per month, for a 2-bedroom apartment, $1,692 per month, and a 3-bedroom apartment is $2,321 per month.
The average rent in Prescott is 9.6% ($170) lower than the national average of $1,775 per month.
The average rent in Prescott has decreased by 4.5% ($75) in the last month and decreased by 12.4% ($227) 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 69 rental properties available in Prescott, AZ.
Based on the current averages, a household would need an annual income of $67,680 to comfortably afford a 2-bedroom apartment in Prescott.
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