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Cheap Apartments for Rent in Anchorage, AK from $600 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage.
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from $900Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
3400 Eureka St
AnchorageAK99503
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1209 Ramona St
AnchorageAK99515
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from $1,0751 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
433 E Dowling Rd
AnchorageAK99518
700 W 45th Ave
AnchorageAK99503
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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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533 Price
AnchorageAK99508
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Showing Results 1-37, 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 | $1,229 | $700 | $2,950 |
| Cheap Anchorage 1 Bedroom Apartments | $1,551 | $1,000 | $2,917 |
| Cheap Anchorage 2 Bedroom Apartments | $1,729 | $1,175 | $3,300 |
| Cheap Anchorage 3 Bedroom Apartments | $2,022 | $1,495 | $2,995 |
| Cheap Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $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: 04/11/2025Current apartment rentals in the Anchorage, AK area range in price from $1,000 to $4,500 with an overall median price of $2,741. The three Anchorage neighborhoods with the lowest median rent pricing are Mountain View at $1,250, Russian Jack Park at $1,400, and Turnagain at $1,500. 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 |
|---|---|---|---|
| Mountain View | $1,550 | $1,250 | 4 |
| Russian Jack Park | $2,075 | $1,400 | 5 |
| Turnagain | $2,200 | $1,500 | 5 |
| Turnagain South Columbia Park | $2,250 | $1,600 | 3 |
| Abbott-Loop | $2,400 | $1,675 | 1 |
| Bayshore | $2,400 | $2,400 | 1 |
| Huffman O Malley | $2,400 | $2,400 | 1 |
| O'Malley | $2,400 | $1,675 | 2 |
| Scenic Foothills | $2,450 | $1,200 | 5 |
| Airport Heights | $2,550 | $1,200 | 14 |
Cheapest Available Anchorage Apartments for Rent
The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. 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 |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| Merrill Crossing | Studio | Studio,1BA | $900 |
| The Adelaide | Studio | Studio,1BA | $917 |
| Castle | Studio X small | Studio,1BA | $1,045 |
| Panoramic View | Deluxe 1 Bedroom | 1BR,1BA | $1,075 |
| College View | Studio | Studio,1BA | $1,120 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| Northwind Apartments | 1 bedroom / 1st floor | 1BR,1BA | $1,175 |
| City View | Studio | Studio,1BA | $1,180 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1,190 |
Best Value Apartments for Rent in Anchorage, AK
As of April 11, 2025 the best value apartment in the Anchorage area is the $1.55 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,200. The second greatest value Anchorage apartment is the 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 starting at $1,595 with a $1.33 price per square foot in the Spenard 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 | $1.55 |
| 1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
| Martha's Vineyard | 1910 Martha's Vineyard Cir 1 | 3BR,1BA | $1.72 |
| Brighton Park | 3x2 | 3BR,2BA | $1.81 |
| Brighton Woods | Birch | 2BR,1BA | $1.66 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| Legacy | 2x1 | 2BR,1BA | $1.78 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Northwind Apartments | 3rd Floor /Furnished Available | 1BR,1BA | $1.79 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1.70 |
Quick Rent Budget Calculator
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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.
Anchorage, AK Area Reviews
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Let everyone know!
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Lorelie • 3+ years in Anchorage
February 25, 2025Nice
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 Loussac Sogn listed at $700.
How much is rent for a Cheap One Bedroom Anchorage Apartment?
The lowest price for a Cheap One Bedroom Anchorage Apartment is $1,075 at Panoramic View.
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 $1,175 at Panoramic View.
What is the most affordable Anchorage Three Bedroom Apartment?
The best deal on a cheap Anchorage Three Bedroom Apartment rental is at Legacy West and starts from $1,864.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
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.