04 Aug August 2026 Summer Rental Market Update: Northern Arizona
As August begins in Northern Arizona, the rental market continues to change across key cities. Reviewing the latest data can help you make smarter decisions as the season progresses.
Flagstaff
Flagstaff’s rental market remains strong, with average rent rising to $2,350, which is a $50 increase both month-over-month and year-over-year. Available rentals have increased to 388, reflecting a balanced market this August.
Prescott
Prescott’s rental market is stable, with average rent at $1,850, a $33 increase from last month and unchanged year-over-year. There are 249 available rentals, supporting a steady environment for renters and owners.
Prescott Valley
Prescott Valley’s rental market is adjusting to changing demand, with average rent at $1,800, a $100 decrease month-over-month and a $300 drop year-over-year. There are 131 available rentals, indicating a market in transition this August.
Sedona
Sedona’s luxury rental market has adjusted, with average rent now at $3,583—a $207 decrease month-over-month, but a $283 increase year-over-year. Available rentals have declined slightly to 134, maintaining strong competition among high-end renters.
Lake Havasu City
Lake Havasu City’s rental market has softened, with average rent at $1,750, a $50 decrease month-over-month in the height of the summer heat, and a $150 drop year-over-year. Available rentals have risen to 344, offering renters more options as summer ends.
Cottonwood
Cottonwood’s rental market continues to cool, with average rent steady at $1,675, which is a $100 decrease month-over-month and a $220 drop year-over-year. With only 41 rentals available, inventory remains limited despite lower prices.
To learn how these rental trends may affect your real estate goals, contact Unlimited RE Property Management for expert guidance or a custom market analysis. We wish you a successful August in northern Arizona, whether you are moving into a new home or managing your investment.
Data sourced from Zillow Rental Market Trends as of August 2, 2026.