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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 the Downtown Anchorage Neighborhood of Anchorage, AK from $700 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Anchorage area of Anchorage.
5150 Taku Dr
AnchorageAK99508
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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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5200 Taku Dr
AnchorageAK99508
533 Price
AnchorageAK99508
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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 $1,3502 Bedroom Apartments Contact Us For Availability
Tudor Park Apartments
4631 Juneau StAnchorage, AK 99503
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from $1,2151 Bedroom Apartments Contact Us For Availability
Green Tree Apartments
1500 Russian Jack DrAnchorage, AK 99508
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from $1,2251 to 4 Bedroom Apartments Available Now
Chester Park Estate
1019 E 20th AveAnchorage, AK 99501
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from $1,245Studio to 2 Bedroom Apartments Available Apr 25
Continental
3321 Eureka StAnchorage, AK 99503
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from $1,2502 Bedroom Apartment Available Now
525 N Flower St, Unit A
525 N Flower StAnchorage, AK 99508
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Rent Specials
from $1,280Studio to 2 Bedroom Apartments Available Now
Susitna Ridge
1601 Medfra StAnchorage, AK 99501
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from $1,280Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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from $1,2901 Bedroom Apartments Available Now
The Club at Eagle Point
5640 Lake Otis PkyAnchorage, AK 99507
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from $1,3001 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
325 N Hoyt St
AnchorageAK99508
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Showing Results 1-46, Page 1 of 1
Downtown Anchorage, Anchorage, AK Local Guide
How much does it cost to rent an apartment in Downtown Anchorage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Anchorage Studio Apartments | $1,372 | $900 | $2,025 |
| Downtown Anchorage 1 Bedroom Apartments | $1,562 | $995 | $2,917 |
| Downtown Anchorage 2 Bedroom Apartments | $1,752 | $1,175 | $3,300 |
| Downtown Anchorage 3 Bedroom Apartments | $2,082 | $1,495 | $2,995 |
| Downtown Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Downtown Anchorage Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
Downtown Anchorage, Anchorage, AK Local Guide
- Nearby Anchorage neighborhoods
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Cheapest Available Downtown Anchorage Apartments for Rent
The cheapest available apartment rental in the Downtown Anchorage area of Anchorage, AK is a Studio unit found at Merrill Crossing priced from $900. The Adelaide has the second lowest priced unit, which is a Studio apartment currently listed from $917. Here are the most affordable Downtown Anchorage apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Merrill Crossing | Studio | Studio,1BA | $900 |
| The Adelaide | Studio | Studio,1BA | $917 |
| Panoramic View | Deluxe 1 Bedroom | 1BR,1BA | $1,075 |
| College View | Studio | Studio,1BA | $1,120 |
| Castle | Studio small | Studio,1BA | $1,125 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| Northwind Apartments | 1 bedroom / 1st floor | 1BR,1BA | $1,175 |
| Terrace on the Lake | Blue Winged Teal | Studio,1BA | $1,210 |
| City View | Studio | Studio,1BA | $1,220 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Downtown Anchorage, AK
As of April 02, 2025 the best value apartment in the Downtown 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 Downtown 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 Downtown 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 |
| Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
| 525 N Flower St, Unit A | 525 N Flower St | 2BR,1BA | $1.14 |
| Downtown Classics | A Lower Left | 2BR,1BA | $1.60 |
| Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.44 |
| Taiga | Two Bedroom | 2BR,2BA | $1.79 |
| Legacy | 2x1 | 2BR,1BA | $1.78 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Northwind Apartments | 3rd Floor /Furnished Available | 1BR,1BA | $1.79 |
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Pet Friendly LifestyleDowntown Anchorage, Anchorage, AK
Ranked #39
Among neighborhoods in Anchorage, AK for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Anchorage, Anchorage, AK
Central Middle School Of Science
Anchorage School District
Public School - Grades 7-8 (371)
2 out of 10
School data provided by Great Schools
Best Local Schools in Downtown Anchorage, Anchorage, AK
Central Middle School Of Science
Anchorage School District
Public School - Grades 7-8 (371)
2 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Anchorage. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Downtown Anchorage Apartments
What is a cheap apartment in Downtown Anchorage?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Anchorage is under $1,225.
What is the price of a cheap apartment in Downtown Anchorage?
The cheapest apartment in Downtown Anchorage is Panoramic View which is listed at $1,075, while the average apartment in Downtown Anchorage costs $2,050.
What types of apartments are the cheapest in Downtown Anchorage?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Downtown Anchorage that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Anchorage?
Cheap apartments in Downtown Anchorage have an average cost of $2,050 which is $0 cheaper than the average rent for all rentals in Downtown Anchorage.
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.