How many apartments are available in Prescott, AZ on Rentable.co?

Rentable.co has over 1,643 apartments available in Prescott.

What is the average rent for a studio apartment in Prescott, AZ?

The average rent for a <a href='/prescott-az/studio-apartments-for-rent' >studio apartment</a> in Prescott is around $1,070 per month.

What is the average rent for a one-bedroom apartment in Prescott, AZ?

The average rent for a <a href='/prescott-az/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Prescott is around $1,440 per month.

What is the average rent for a two-bedroom apartment in Prescott, AZ?

The average rent for a <a href='/prescott-az/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Prescott is around $1,540 per month.

How expensive is it to rent an apartment in Prescott, AZ?

For a two-bedroom apartment in Prescott, the average rent price is $1,540 per month, which is similar to the national average of $1,600 per month.

Can I afford an apartment for rent in Prescott, AZ?

Based on average rent prices in Prescott, to afford a <a href='/prescott-az/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $43,000 to live comfortably.

Apartments Near Yavapai College

Prescott:
November Rent Report

Welcome to the November 2024 Prescott Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Prescott rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Prescott and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Prescott average rent prices in the chart below.

Monthly Rent Report

$1,700

$1,280

$850

$430

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Prescott Rent Prices Increase From October to November

Prescott rent prices increased over the last month. From October to November, the city experienced a 1.42% increase for the price of a one-bedroom apartment. The rent price for a Prescott one-bedroom apartments currently stands at $1,499.0.

When we take a look at the two-bedroom comparison from October to November, Prescott experienced a 0.25% increase for the price of a two-bedroom apartment. The rent price for a Prescott two-bedroom apartments currently stands at $1,613.0.

November Prices: Prescott vs. Surrounding Areas

Prescott Valley, AZ

Prescott, AZ

$1,661

$1,478

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Prescott and Surrounding Areas

Rent prices have increased in Prescott over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Prescott suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Prescott Valley, AZ .
Rents did not decrease in any of the Prescott suburbs.
1 suburb is currently priced higher than the city of Prescott.

November 2024 Pricing Trends: Prescott vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Prescott, AZ

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,478

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

Prescott Rent Prices More Affordable Than Major Cities

Rent growth in Prescott over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Prescott average rent prices appear to be relatively affordable for local residents.

The price for a Prescott one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Prescott and surrounding area rent prices, take a look at the complete data set below.

Data set for Prescott and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Prescott, AZ	$1,478.0	2.43%	$1,609.0	2.75%
Prescott Valley, AZ	$1,661.0	1.40%	$1,581.0	-5.61%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.