Logo Prescott Fair Market Rent FY 2021 Prescott, AZ MSA Rental Data

Fair Market Rent Prices in Prescott, AZ :
$698 $822 $1,051 $1,458 $1,583
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Prescott are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Prescott is $1,051 per month.

The previous year, rent for a two-bedroom home was $1,026 per month. This is a 2.44% increase year-over-year.

This FMR rate applies to Crown King, AZ, Skull Valley, AZ, Jerome, AZ, Yarnell, AZ, Lake Montezuma, AZ, Seligman, AZ, Kirkland, AZ, Humboldt, AZ, Congress, AZ, Ash Fork, AZ and other cities within the region. The Metro Code or CBSA code for this region is METRO39140M39140.

Additionally, This Fair Market Rent (FMR) area Prescott, AZ MSA spans one county or city in Arizona which is listed in the table below. Estimated population of Prescott, AZ MSA FMR area is 220,970 people based on latest Census data.

Compared to the rest of Arizona, the Prescott FMR area is more expensive than 84% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Prescott. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Prescott

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 735
1-BR 1-Bedroom $ 866
2-BR 2-Bedroom $ 1107
3-BR 3-Bedroom $ 1536
4-BR 4-Bedroom $ 1668
Change Year:

There is just one county (listed below) within the Prescott, AZ MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Phoenix (Prescott).

County / Region Est. Population
Prescott, AZ Metro 220,970
Zip Codes in Prescott, AZ MSA

There are 32 unique zip codes in this Fair Market Rent (FMR) area:

85324, 85332, 85362, 86301, 86302, 86303, 86304, 86305, 86312, 86313, 86314, 86315, 86320, 86321, 86322, 86323, 86324, 86325, 86326, 86327, 86329, 86331, 86332, 86333, 86334, 86335, 86337, 86338, 86340, 86342, 86343 and 86351

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