Rents are 2% below what Prescott's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,857 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Prescott usually run 1.8% below trend in January and 1.1% above it in June, about $54 a month apart at today's median. Based on 5 years of data.
Rent in Prescott is 0.1% below its high of $1,859 in August 2026, at $1,857 as of September 2026.
Rent in Prescott changed +1.0% over the year to September 2026. Across the 45 Arizona cities Zillow tracks, the typical change was +1.6%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($70,874) is $1,772 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,563); a 3-bedroom is $2,157.
The priciest of 3 ZIP codes in Prescott, 86305 ($1,956/mo), costs 16% more than the cheapest, 86303 ($1,685/mo).
From Zillow's monthly rent index (ZORI) for Prescott. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Prescott, AZ is majority owner-occupied, has a large retiree population, 39.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Prescott, AZ has changed in 5 years
Across the past five years, the going rent in Prescott, AZ has shifted from $1,691 to $1,857, up 9.8% since 2022. On the earnings side, the typical household in Prescott, AZ now reports about $70,874, up from $61,090 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Prescott, AZ adding about 2,337 residents over the five-year window, up 5.2% on net. The renter share has risen from 30.5% to 32%, with owner-occupied housing accounting for the remainder. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Prescott, AZ reflects that arc in its own way.
Discussions about Prescott
No discussions yet. Start the conversation.
Can you afford rent in Prescott on your salary?
At $1,857/mo, how Prescott rent compares to typical pay (30% rule).
Prescott rent by bedroom count
Median rent for each apartment size in Prescott. Click any size for full breakdown.
Tips for renters in Prescott
Last updated: October 17, 2026
The median rent in Prescott is $1,857/mo as of October 2026. A studio apartment averages $1,073/mo while a 2-bedroom runs $1,563/mo. One-bedroom apartments average $1,260/mo and 3-bedroom units go for $2,157/mo.
At 31% of local median household income ($70,874/yr), Prescott ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.
Frequently asked questions
How much income do you need to rent in Prescott?
Is rent going up or down in Prescott?
When is the cheapest time to rent in Prescott?
Which Prescott neighborhoods have the lowest rent?
How does Prescott rent compare to other cities in Arizona?
Which nearby cities are cheaper to rent in than Prescott?
At $1,857/mo, rent takes ~31% of Prescott's median household income ($70,874/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Prescott.
No discussions yet.