Rentometer, Inc. | Data as of 10/23/2025
Prescott’s rental market offers a balanced blend of historic charm and modern convenience, with both apartments and single‑family homes available across a variety of sizes. Studio rentals generally fall in the $1,400‑$1,500 range, while one‑bedroom units typically command $1,500‑$1,600. Two‑bedroom apartments are often found in the $1,800‑$1,900 bracket, and larger three‑bedroom options move up to the $2,500‑$2,600 level. Single‑family homes follow a similar pattern, with studios around $1,500, one‑bedrooms near $1,400‑$1,450, two‑bedrooms in the $2,100‑$2,200 range, and spacious three‑ and four‑plus bedroom homes ranging from $2,500 up to $3,800, reflecting the flexibility of Prescott’s diverse housing stock.
The city’s neighborhoods each bring a distinct flavor to the rental experience. Downtown Prescott, anchored by the historic Whiskey Row and the iconic Courthouse Plaza, is popular among renters seeking walkable streets, boutique dining, and vibrant cultural events. More residential areas such as Whipple Ranch, Perkins, and the Creekside community provide quiet, family‑friendly environments with easy access to schools and parks. For those who value outdoor recreation, rentals near the foothills of the Prescott National Forest or close to the scenic Granite Mountain offer immediate access to hiking, mountain biking, and horseback riding.
Beyond the immediate city limits, Prescott’s proximity to Lake Pleasant and the Verde Valley adds a convenient weekend getaway feel, enhancing the city’s appeal for both professionals and retirees. Strong local amenities, a growing arts scene, and a reputation for safe, welcoming neighborhoods make Prescott an attractive destination for renters looking for a blend of small‑town atmosphere and vibrant community life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,431 | $1,499 | $1,175 - $1,625 | $1,350 - $1,500 |
| Apartment | 1 Bedroom | $1,541 | $1,630 | $700 - $2,230 | $1,400 - $1,700 |
| Apartment | 2 Bedroom | $1,886 | $1,915 | $765 - $3,500 | $1,500 - $2,200 |
| Apartment | 3 Bedroom | $2,603 | $2,430 | $1,750 - $4,400 | $2,130 - $3,000 |
| House | Studio | $1,885 | $1,500 | $1,400 - $2,757 | $1,400 - $2,757 |
| House | 1 Bedroom | $1,407 | $1,450 | $950 - $2,000 | $1,250 - $1,600 |
| House | 2 Bedroom | $2,198 | $2,100 | $750 - $5,400 | $1,800 - $2,500 |
| House | 3 Bedroom | $2,614 | $2,545 | $225 - $4,400 | $2,275 - $2,975 |
| House | 4+ Bedroom | $3,888 | $3,350 | $2,400 - $9,700 | $2,750 - $4,650 |
In the current period, the average rent in Prescott was $1,529 for Studio, $1,502 for 1 Bedroom, $2,077 for 2 Bedroom, $2,610 for 3 Bedroom, and $3,699 for 4+ Bedroom.
Data provided by Rentometer, Inc.