How much does it cost to rent in Prescott Valley, AZ?

As of July 2026, the median monthly rent in Prescott Valley, AZ is $1,804. This figure is based on aggregated data from public sources and community-submitted rents.

Is Prescott Valley cheaper than other Arizona cities?

Prescott Valley falls in the middle range for Arizona, ranking #27 out of 51 cities at $1,804/mo.

When was Prescott Valley rent data last updated?

Prescott Valley rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · AZ

Prescott Valley

Name: Average Rent Prices in Prescott Valley, AZ
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 49,179·27th most expensive in Arizona·Rental market data updated monthly for Prescott Valley, AZ

Median rent (all units)

$1,804/mo

Year-over-Year

+3.9%

Month-over-Month

+1.2%

vs US Median

-$161

Rising (Monthly)

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Most AffordableMost Expensive

Prescott Valley · $1,804

More affordable than 53% of US cities · National median $1,965/mo

Rent Reality Score

76/100

Good value

OverheatedFairGreat value

Rents are 13% below what Prescott Valley's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,804/mo

Expected by trend

$2,072/mo

The Rent Reality Score compares today's median rent to where Prescott Valley's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,160

1 BR

$1,360

2 BR

$1,690

3 BR

$2,330

4 BR+

$2,680

Research median

$1,690/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$21,648/yr

At $1,804/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.9% YoY, +1.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Prescott Valley, AZ is majority owner-occupied, has a large retiree population, 24.4% of residents hold a bachelor's degree or higher.

Population

49,179

Median income

$74,569

Median age

49.2

Renters

27.7%

Age distribution

19.1%

16.9%

22%

12.2%

29.9%

Under 1819.1%

18–3416.9%

35–5422%

55–6412.2%

65+29.9%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

77.9%

20.1%

White77.9%

Black0.6%

Hispanic20.1%

Asian1.2%

Education (25+)

26.8%

40.2%

24.4%

No HS diploma8.6%

HS diploma26.8%

Some college40.2%

Bachelor's+24.4%

Housing tenure

72.3%

27.7%

Owner72.3%

Renter27.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Prescott Valley, AZ has changed in 5 years

Rent

$1,443 → $1,804

up 25.0%

Income

$60,033 → $74,569

up 24.2%

Population

46,014 → 49,179

up 6.9%

Renter share

30.7% → 27.7%

-3.0 pts

Bachelor's+

22.6% → 24.4%

+1.8 pts

Median age

47.1 → 49.2

+2.1 yrs

Since 2021, the typical rent in Prescott Valley, AZ has climbed from $1,443 to $1,804, a 25.0% change over five years. Local incomes tracked alongside that move, going from a median of $60,033 in 2021 to $74,569 more recently. The population has grown by 6.9% since 2021, moving from about 46,014 residents to roughly 49,179. Renters now make up 27.7% of households, compared with 30.7% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Prescott Valley, AZ market of 2021.

Community

Discussions about Prescott Valley

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View Prescott Valley rent history (2015–2026) →

Salary vs rent

Can you afford rent in Prescott Valley on your salary?

At $1,804/mo, how Prescott Valley rent compares to typical pay (30% rule).

Registered Nurse

Avg $91,646/yr · Rent = 23.6% income

affordable

Elementary School Teacher

Avg $65,068/yr · Rent = 33.3% income

stretched

Police Officer

Avg $74,952/yr · Rent = 28.9% income

affordable

Software Developer

Avg $133,967/yr · Rent = 16.2% income

very comfortable

Lawyer

Avg $171,176/yr · Rent = 12.6% income

very comfortable

Firefighter

Avg $60,926/yr · Rent = 35.5% income

stretched

Truck Driver

Avg $55,009/yr · Rent = 39.4% income

stretched

Electrician

Avg $67,803/yr · Rent = 31.9% income

stretched

By apartment size

Prescott Valley rent by bedroom count

Median rent for each apartment size in Prescott Valley. Click any size for full breakdown.

Local insights

Tips for renters in Prescott Valley

About renting in Prescott Valley, AZ

Last updated: July 20, 2026

The median rent in Prescott Valley is $1,804/mo as of July 2026. A studio apartment averages $1,160/mo while a 2-bedroom runs $1,690/mo. One-bedroom apartments average $1,360/mo and 3-bedroom units go for $2,330/mo.

At 29% of local median household income ($74,569/yr), Prescott Valley ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

Is Prescott Valley an affordable city for renters?

Prescott Valley is considered affordable for renters. At $1,804/mo, rent takes approximately 29% of the local median household income ($74,569/yr). The standard benchmark is 30%. Prescott Valley falls comfortably within that range.

How much income do you need to rent in Prescott Valley?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,804/mo in Prescott Valley. The local median household income is $74,569/yr, meaning the typical Prescott Valley household meets that threshold.

Is rent going up or down in Prescott Valley?

Rent in Prescott Valley has increased 3.9% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Prescott Valley rent compare to other cities in Arizona?

Prescott Valley is middle-of-the-pack for Arizona for rent, ranking #27 out of 51 tracked cities at $1,804/mo.

Which nearby cities are cheaper to rent in than Prescott Valley?

Wickenburg is nearby and more affordable at $1,800/mo, which is $4 less than Prescott Valley.

What percentage of Prescott Valley residents rent vs. own?

According to Census data, approximately 27.7% of Prescott Valley households are renters, while 72.3% are owner-occupied. Prescott Valley leans toward homeownership, which can mean a smaller rental inventory.

How does Prescott Valley rent compare to the national average?

Prescott Valley's median rent of $1,804/mo is $161 (8%) below the US national median of $1,965/mo. Within Arizona, it ranks #27 out of 51 tracked cities.

Income Affordability

29%

AFFORDABLE

At $1,804/mo, rent takes ~29% of Prescott Valley's median household income ($74,569/yr). The standard benchmark is 30%.

Prescott Valley 29%Benchmark 30%

State income tax2.5%

Run the Prescott Valley affordability calculator →

Nearby cities