Low Income Apartments and Affordable Housing For Rent in Prescott, AZ

Discover affordable housing in Prescott where there are 9+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Village Towers

1075 Ruth St, Prescott, Arizona 86301

Bradshaw Senior Community

133 Bradshaw Dr, Prescott, Arizona 86303

Pines at Prescott

1053 Sandretto Dr, Prescott, Arizona 86305

Creekview Village Apartments

519 Miller Valley Road, Prescott, Arizona 86301

BRADSHAW SENIOR II

123 Bradshaw Dr, Prescott, Arizona 86303

Canyon Run Village

701 White Spar Rd, Prescott, Arizona 86303

Willow Ridge

1205 Sandretto Dr, Prescott, Arizona 86305

Casa De Pinos

117 Cory Ave, Prescott, Arizona 86303

Home W Yavapai Guidance Housing Smi 430 - 04

740 S Granite St, Prescott, Arizona 86303

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Prescott, Arizona
$26.57/hour
$12.22 (+85%) more than Arizona minimum wage and $19.32 (+267%) more than the Federal minimum wage.
Learn More About Prescott, Arizona Affordable Housing ↓

What HUD offices serve Prescott, Arizona?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Prescott, Arizona.

Go to the Arizona Public Housing and Low-Income Apartments Waiting Lists page for openings near Prescott.

How many renters live in Prescott, Arizona?

The City of Prescott has 46,054 people living in 21,803 households.

There are 13,127 renters living in 6,678 renter households in this City. Renters make up 28.5 percent of the population living in Prescott.

What is the rental market like in Prescott, Arizona?

There are an estimated 25,016 housing units in the Prescott area. Of these, 6,998 units are rental homes, making up 28 percent of the housing market. For every renter household in Prescott, Arizona, there are 1 rental units.

What is the vacancy rate for rentals in Prescott?

The rental vacancy rate in Prescott is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Prescott for each bedroom size?

Occupied Rental Units by Size in Prescott
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
588 1,439 3,327 920 348
Occupied Rental Units by Size in Prescott

A large number of apartments in Prescott have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Prescott are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 25 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Prescott

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $951 to $2,273. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $951
One BR $1,140
Two BR $1,403
Three BR $1,943
Four BR $2,273
2024 Fair Market Rents in Prescott, Arizona

How many units are rented at Fair Market Rent (FMR) in Prescott?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 377 64 percent
One BR 977 68 percent
Two BR 2,260 68 percent
Rental Units Below FMR in Prescott, Arizona

How many affordable rental units are in Prescott?

There are a variety of federal affordable housing programs serving households in Prescott, Arizona including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 577
Section 8 Project-Based Rental Assistance 98
Tracked Units by Federal Program in Prescott, Arizona

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Prescott, Arizona

Prescott features 100 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Prescott, Arizona

There are 436 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prescott.

Housing Choice Vouchers in Prescott, Arizona

On average, Section 8 Housing Choice vouchers pay Prescott landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Prescott.

The maximum amount a voucher would pay on behalf of a low-income tenant in Prescott, Arizona for a two-bedroom apartment is between $1,263 and $1,543.

Sourced from federal housing data and AffordableHousingOnline.com research.