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

Discover affordable housing in Prescott Valley where there are 21+ 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.

W Yavapai Guidance Clinic 155 - 02

3962 3963 3964 Unit 13, Prescott Valley, Arizona 86301

How To Identify Affordable Housing in Prescott Valley, Arizona

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Prescott Valley, 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 Valley, Arizona Affordable Housing ↓

What HUD offices serve Prescott Valley, 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 Valley, Arizona.

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

How many renters live in Prescott Valley, Arizona?

The City of Prescott Valley has people living in households.

There are renters living in renter households in this City. Renters make up 30.85 percent of the population living in Prescott Valley.

What is the rental market like in Prescott Valley, Arizona?

There are an estimated housing units in the Prescott Valley area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Prescott Valley, Arizona, there are 1.02 rental units.

What is the vacancy rate for rentals in Prescott Valley?

The rental vacancy rate in Prescott Valley is 1 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 Valley for each bedroom size?

Occupied Rental Units by Size in Prescott Valley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
215 700 2,018 2,429 268
Occupied Rental Units by Size in Prescott Valley

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

How Much Is Rent in Prescott Valley

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 Valley, Arizona

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

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 52 24 percent
One BR 585 84 percent
Two BR 1,394 69 percent
Rental Units Below FMR in Prescott Valley, Arizona

How many affordable rental units are in Prescott Valley?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Prescott Valley, Arizona

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

Income Based Apartments in Prescott Valley, Arizona

Prescott Valley features 112 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 Valley, Arizona

There are 301 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prescott Valley.

Housing Choice Vouchers in Prescott Valley, Arizona

On average, Section 8 Housing Choice vouchers pay Prescott Valley landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Prescott Valley.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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