Prospect is an unincorporated community in Jackson County, Oregon, United States. It is located along Oregon Route 62 on the Rogue River, in the Rogue River National Forest.
Prospect began as a logging town, with its first sawmill operating in 1870. Prospect had a post office established in 1882 that was first named "Deskins" after the first postmaster. In 1888, there was a mill named Deskins Sawmill. The name of the community was changed to "Prospect" in 1889 because of plans made to run a railroad up the Rogue River, which would ostensibly improve the community's prospects.
The Prospect Hotel, which opened in 1892, was listed in the National Register of Historic Places in 1980.