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Cheap Apartments for Rent in Anchorage, AK from $700(46 Rentals)
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Rent Specials
from $975Studio Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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from $1,050Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th 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 $1,210Studio to 2 Bedroom Apartments Available Now
Terrace on the Lake
2421 Bentzen CirAnchorage, AK 99517
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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 $1,2251 to 4 Bedroom Apartments Contact Us For Availability
Chester Park Estate
1019 E 20th AveAnchorage, AK 99501
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from $1,2601 to 2 Bedroom Apartments Available Jan 10, 2025
Central Park Apartments
2300 D StAnchorage, AK 99503
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from $1,270Studio to 2 Bedroom Apartments Available Now
Susitna Ridge
1601 Medfra StAnchorage, AK 99501
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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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from $1,3002 Bedroom Apartment Available Jan 1, 2025
231 E 46th Ave, Unit 1
231 E 46th AveAnchorage, AK 99503
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from $750Studio to 3 Bedroom Apartments
North Pointe Apartments
905 Richardson Vista RdAnchorage, AK 99501
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from $1,0501 to 2 Bedroom Apartments
Independence Park Apartments
9641-9731 Vanguard DrAnchorage, AK 99507
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from $1,170Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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from $1,2252 to 3 Bedroom Apartments
Strawberry Village Apartments
7788 Strawberry Cottage WayAnchorage, AK 99502
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from $1,250Studio Apartment Available Now
19439 Timberline Dr, Unit Cozy Alaska Mountain Stay
19439 Timberline DrEagle River, AK 99577
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Showing Results 1-46, Page 1 of 1
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 | $1,336 | $925 | $2,025 |
| Cheap Anchorage 1 Bedroom Apartments | $1,628 | $1,075 | $2,917 |
| Cheap Anchorage 2 Bedroom Apartments | $1,672 | $1,200 | $2,700 |
| Cheap Anchorage 3 Bedroom Apartments | $2,012 | $1,450 | $3,400 |
| Cheap Anchorage 4 Bedroom Apartments | $2,100 | $2,050 | $2,150 |
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: 12/25/2024Current apartment rentals in the Anchorage, AK area range in price from $725 to $3,400 with an overall median price of $2,086. The three Anchorage neighborhoods with the lowest median rent pricing are Midtown at $725, Old Seward Oceanview at $825, and Downtown at $750. 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 |
|---|---|---|---|
| Midtown | $1,595 | $725 | 44 |
| Old Seward Oceanview | $1,595 | $825 | 1 |
| Downtown | $1,600 | $750 | 27 |
| Government Hill | $1,635 | $750 | 33 |
| Tudor Area | $1,650 | $760 | 83 |
| Turnagain Northeast | $1,685 | $725 | 65 |
| Rogers Park | $1,725 | $725 | 93 |
| North Star | $1,800 | $725 | 61 |
| South Addition | $1,800 | $865 | 41 |
| Fairview | $1,850 | $760 | 31 |
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. McKinley Tower Apartments in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. 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 |
| McKinley Tower Apartments | Cozy Studio with Incredible Mountain Views | Studio,1BA | $975 |
| Castle | Studio X small | Studio,1BA | $1,045 |
| Northwind Apartments | 2nd Floor | Studio,1BA | $1,050 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,070 |
| City View | Studio | Studio,1BA | $1,125 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| College View | Studio | Studio,1BA | $1,170 |
| Tudor Park Apartments | 1 bed 2nd floor | 1BR,1BA | $1,215 |
| Green Tree Apartments | 1 bedroom/3rd floor | 1BR,1BA | $1,215 |
Best Value Apartments for Rent in Anchorage, AK
As of December 25, 2024 the best value apartment in the Anchorage area is the $1.37 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $1,950. The second greatest value Anchorage apartment is the 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 starting at $1,595 with a $1.25 price per square foot in the Old Seward Oceanview 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. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.37 |
| 1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.25 |
| 1402 W 27th Ave, Unit 8 | 1402 W 27th Ave | 3BR,1BA | $1.33 |
| 1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
| 21613 Songbird Dr, Unit A | 21613 Songbird Dr | 3BR,1BA | $1.25 |
| 5740 Rocky Mountain Ct, Unit A | 5740 Rocky Mountain Ct | 2BR,1.5BA | $1.45 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| Hillcrest Apartments | 2 bed bottom floor | 2BR,1BA | $1.49 |
| Green Tree Apartments | 1 bedroom/3rd floor | 1BR,1BA | $1.47 |
| Tudor Park Apartments | 1 bed 2nd floor | 1BR,1BA | $1.59 |
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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.
Anchorage, AKPopulation: 291,538
Ranked #68
in US Census Population by City
Best Local Schools in Anchorage, AK
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $1,150 at The Mallary.
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 Silver Ridge and starts from $1,995.
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.
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.
Navigating the World of Low-Income Housing: A Comprehensive Guide
Written by: Kevin Ready
Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.
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.
Real Estate Term Glossary: Your Guide to The A to Zs of Renting
Written by: Kevin Ready
Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.