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from $900Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
Cheap Apartments for Rent in Anchorage, AK from $700 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage.
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from $975Studio to 1 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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from $1,0751 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
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from $1,075Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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from $1,120Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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from $1,2151 Bedroom Apartments Available Now
Green Tree Apartments
1500 Russian Jack DrAnchorage, AK 99508
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from $1,220Studio to 2 Bedroom Apartments Available Now
Terrace on the Lake
2421 Bentzen CirAnchorage, AK 99517
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from $1,2251 to 4 Bedroom Apartments Contact Us For Availability
Chester Park Estate
1019 E 20th AveAnchorage, AK 99501
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from $1,235Studio to 2 Bedroom Apartments Available Now
Susitna Ridge
1601 Medfra StAnchorage, AK 99501
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from $1,2601 to 2 Bedroom Apartments Available Mar 1
Central Park Apartments
2300 D StAnchorage, AK 99503
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from $1,2751 Bedroom Apartment Available Now
5430 W 82nd Ave, Unit B
5430 W 82nd AveAnchorage, AK 99502
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Rent Specials
from $1,280Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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2 to 3 Bedroom Apartments
Strawberry Village Apartments
7788 Strawberry Cottage WayAnchorage, AK 99502
Anchorage, AK Local Guide
How much does it cost to rent an apartment in Anchorage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Anchorage Studio Apartments | $1,363 | $900 | $2,950 |
| Cheap Anchorage 1 Bedroom Apartments | $1,578 | $1,075 | $3,400 |
| Cheap Anchorage 2 Bedroom Apartments | $1,762 | $1,200 | $3,300 |
| Cheap Anchorage 3 Bedroom Apartments | $2,112 | $1,600 | $2,995 |
| Cheap Anchorage 4 Bedroom Apartments | $2,025 | $2,000 | $2,050 |
Browse Top Apartments in Anchorage
See all Apartments in AnchorageExplore Anchorage
Anchorage, AK Local Guide
Written By:
Staff Writer Local Guide Expert
- Anchorage Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Anchorage, AK
Pricing Updated: 02/26/2025Current apartment rentals in the Anchorage, AK area range in price from $900 to $3,400 with an overall median price of $2,063. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,100, Midtown Anchorage at $1,100, and Taku at $1,075. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Turnagain Arm | $1,100 | $1,100 | 9 |
| Midtown Anchorage | $1,525 | $1,100 | 1106 |
| Taku | $1,650 | $1,075 | 1408 |
| Taku Campbell | $1,650 | $1,075 | 1408 |
| Abbott-Loop | $2,000 | $1,075 | 1543 |
| O'Malley | $2,000 | $1,845 | 92 |
| Campbell Park | $2,005 | $1,075 | 1719 |
| South Anchorage | $2,025 | $1,025 | 3405 |
| Spenard | $2,035 | $1,025 | 1618 |
| Government Hill | $2,050 | $900 | 930 |
Cheapest Available Anchorage Apartments for Rent
The cheapest available apartment rental in Anchorage, AK is a Studio unit found at The Adelaide in the Government Hill neighborhood priced from $865. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Anchorage apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Adelaide | Studio | Studio,1BA | $865 |
| Merrill Crossing | Studio | Studio,1BA | $900 |
| McKinley Tower Apartments | Cozy Studio with Incredible Mountain Views | Studio,1BA | $975 |
| Castle | Studio small | Studio,1BA | $1,025 |
| Panoramic View | 1 Bed | 1BR,1BA | $1,050 |
| Northwind Apartments | 3rd Floor | Studio,1BA | $1,075 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,120 |
| College View | Studio | Studio,1BA | $1,120 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| City View | Studio | Studio,1BA | $1,215 |
Best Value Apartments for Rent in Anchorage, AK
As of February 26, 2025 the best value apartment in the Anchorage area is the $1.31 price per square foot 2210 Roosevelt Dr Model at 2210 Roosevelt Dr, Unit 1 in the in the Spenard neighborhood starting from $2,100. The second greatest value Anchorage apartment is the 2B/2B Model at Mariners View starting at $2,200 with a $1.55 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Anchorage apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2210 Roosevelt Dr, Unit 1 | 2210 Roosevelt Dr | 3BR,2BA | $1.31 |
| Mariners View | 2B/2B | 2BR,2BA | $1.55 |
| Martha's Vineyard | 1910 Martha's Vineyard Cir 1 | 3BR,1BA | $1.68 |
| 19415 Beverly Ave, Unit Cozy Fully Furnished Apt | 19415 Beverly Ave | 2BR,1BA | $1.70 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| 749 Fischer Ave, Unit 3 | 749 Fischer Ave | 2BR,1BA | $1.70 |
| 429 Bliss St, Unit 2 | 429 Bliss St | 2BR,1BA | $1.75 |
| Green Tree Apartments | 1 bedroom/3rd floor | 1BR,1BA | $1.47 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| Nicole Apartments | Flat | 1BR,1BA | $1.71 |
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Anchorage Overview
Stand up and walk out your front door. Go ahead. We’ll wait. Did you see any moose? Any black bears, grizzly bears, mountain goats or lynx? No? That’s because you don’t live in an apartment in Anchorage Alaska where mother nature is close enough to hit with a badly thrown rock. Anchorage has more going for it than nature (although some people won’t require any more). It has a good economy, ample job opportunities and recreation.
Why live in Anchorage, AK?
Apartment living in Anchorage is perfect for people who like an intimate social life with familiar people. The small town experience is at your finger tips. You can choose a favorite hangout and form sturdy friendships with the people you meet there. The outdoors is within walking distance of the front door of your apartment. Wildlife fills the forest, and you can enjoy it just by walking outside. Nightlife in Anchorage provides everything you could ever want. It ranges from Koots with men in plaid wool shirts and heavy shoes talking loudly about sports to Club Paris with low lighting, excellent food and an intimate ambiance. Anchorage has serious institutions like the Alaska Center for the Performing arts, the Anchorage Concert Association and the Sitka Summer Music Festival which presents more than 600 performances a year.
Best Local Schools in Anchorage, AK
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Anchorage, AK Rentals by Map
See the most popular apartments and homes in Anchorage, AK
Anchorage, AK Apartments MapAnchorage, AK Rental Homes MapGetting Around Anchorage, AK
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Anchorage Apartments
What is the Cheapest Studio apartment in Anchorage?
Currently the most affordable Cheap Studio Apartment in Anchorage is at The Adelaide listed at $865.
How much is rent for a Cheap One Bedroom Anchorage Apartment?
The lowest price for a Cheap One Bedroom Anchorage Apartment is $1,000 at Merrill Crossing.
What is the lowest price for a Cheap Two Bedroom Anchorage Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Anchorage is starting from $1,285 at Hampstead Heath.
What is the most affordable Anchorage Three Bedroom Apartment?
The best deal on a cheap Anchorage Three Bedroom Apartment rental is at Martha's Vineyard and starts from $1,845.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.