Rents are 14% below what Prescott Valley'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 $1,793 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 Valley usually run 0.6% below trend in January and 0.8% above it in June, about $25 a month apart at today's median. Based on 11 years of data.
Rent in Prescott Valley is 0.5% below its high of $1,802 in January 2026, at $1,793 as of September 2026.
Rent in Prescott Valley changed +0.4% over the year to September 2026. Across the 45 Arizona cities Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in Prescott Valley rose 43.5% while median household income rose 43.7% ($51,909 to $74,569). Income kept ahead of rent.
Rent in Prescott Valley is 41.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 6 of the last 12 months.
30% of the median household income ($74,569) is $1,864 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,690); a 3-bedroom is $2,330.
From Zillow's monthly rent index (ZORI) for Prescott Valley. 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.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Prescott Valley, AZ has changed in 5 years
Since 2021, the typical rent in Prescott Valley, AZ has climbed from $1,457 to $1,793, a 23.1% 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.
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Can you afford rent in Prescott Valley on your salary?
At $1,793/mo, how Prescott Valley rent compares to typical pay (30% rule).
Prescott Valley rent by bedroom count
Median rent for each apartment size in Prescott Valley. Click any size for full breakdown.
Tips for renters in Prescott Valley
Last updated: October 17, 2026
The median rent in Prescott Valley is $1,793/mo as of October 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 0.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Prescott Valley?
At $1,793/mo, rent takes ~29% of Prescott Valley's median household income ($74,569/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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