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Cheap Apartments for Rent in the Downtown Anchorage Neighborhood of Anchorage, AK from $700 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Anchorage area of Anchorage.
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from $900Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
5150 Taku Dr
AnchorageAK99508
145 W 24th 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
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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 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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Rent Specials
from $1,225Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
216 N Flower St
AnchorageAK99508
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from $1,2751 Bedroom Apartments Contact Us For Availability
Tudor Park Apartments
4631 Juneau StAnchorage, AK 99503
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from $1,2751 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $1,2901 Bedroom Apartments Available Now
The Club at Eagle Point
5640 Lake Otis PkyAnchorage, AK 99507
2104 Roosevelt Dr
AnchorageAK99517
1441 E 12th Ave
AnchorageAK99501
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from $1,3001 Bedroom Apartment Available Jun 1
8530 Kluane Ave, Unit #3
8530 Kluane AveAnchorage, AK 99504
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-45, 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 | $1,179 | $700 | $2,025 |
| Downtown Anchorage 1 Bedroom Apartments | $1,523 | $995 | $2,917 |
| Downtown Anchorage 2 Bedroom Apartments | $1,694 | $1,175 | $3,230 |
| Downtown Anchorage 3 Bedroom Apartments | $2,032 | $1,365 | $2,660 |
| Downtown Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 45 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 Loussac Sogn priced from $700. 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 |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| The Adelaide | Studio | Studio,1BA | $917 |
| Merrill Crossing | 1 Bed | 1BR,1BA | $1,000 |
| Panoramic View | 1 Bed | 1BR,1BA | $1,050 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| College View | Studio | Studio,1BA | $1,120 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| Terrace on the Lake | Blue Winged Teal | Studio,1BA | $1,210 |
| The Greenbriar | Studio | Studio,1BA | $1,225 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Downtown Anchorage, AK
As of May 11, 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 525 N Flower St Model at 525 N Flower St, Unit A starting at $1,350 with a $1.23 price per square foot in the Downtown Anchorage 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 |
| 525 N Flower St, Unit A | 525 N Flower St | 2BR,1BA | $1.23 |
| 712 W 47th Ave, Unit 712-4 | 712 W 47th Ave | 2BR,1BA | $1.64 |
| 534 N Lane St, Unit 3 | 534 N Lane St | 3BR,1BA | $1.24 |
| Brighton Park | 3x2 | 3BR,2BA | $1.86 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.35 |
| 917 E 46th Ct, Unit B | 917 E 46th Ct | 2BR,1BA | $1.65 |
| Nicole Apartments | Flat | 1BR,1BA | $1.77 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| Merrill Crossing | 1 Bed | 1BR,1BA | $1.80 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown Anchorage, Anchorage, AK
Ranked #41
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
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 Merrill Crossing which is listed at $1,000, 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 16 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 $786 which is $1,264 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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.