Rent Tracker
Rent Inflation in Prescott Valley, AZ
The average asking rent in Prescott Valley, AZ is $1,876/month as of 2026-08. That is +0.9% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,876/mo
as of 2026-08
Year-over-Year Change
+0.9%
24-Month Rent Trend
Monthly ZORI index values for Prescott Valley, AZ.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,876 | -0.32% |
| 2026-07 | $1,882 | +0.64% |
| 2026-06 | $1,870 | +0.38% |
| 2026-05 | $1,863 | +0.92% |
| 2026-04 | $1,846 | +0.00% |
| 2026-03 | $1,846 | -0.27% |
| 2026-02 | $1,851 | -0.16% |
| 2026-01 | $1,854 | -0.05% |
| 2025-12 | $1,855 | +0.00% |
| 2025-11 | $1,855 | -0.11% |
| 2025-10 | $1,857 | +0.00% |
| 2025-09 | $1,857 | -0.16% |
| 2025-08 | $1,860 | -0.32% |
| 2025-07 | $1,866 | -0.16% |
| 2025-06 | $1,869 | +0.65% |
| 2025-05 | $1,857 | +0.76% |
| 2025-04 | $1,843 | +0.60% |
| 2025-03 | $1,832 | +0.33% |
| 2025-02 | $1,826 | +0.66% |
| 2025-01 | $1,814 | +0.28% |
| 2024-12 | $1,809 | -0.17% |
| 2024-11 | $1,812 | -0.49% |
| 2024-10 | $1,821 | +0.28% |
| 2024-09 | $1,816 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices