Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $1,000 (17 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Anchorage area of Anchorage.

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Downtown Anchorage, Anchorage, AK Local Guide

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 ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$917
Panoramic ViewDeluxe 1 Bedroom1BR,1BA$1,075
College ViewStudioStudio,1BA$1,120
CastleStudio smallStudio,1BA$1,125

Best Value Apartments for Rent in Downtown Anchorage, AK

As of April 03, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.55
1410 W 27th Ave, Unit 31410 W 27th Ave3BR,1BA$1.33
Stephens Park3 Beds3BR,2BA$1.57
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.14
Downtown ClassicsA Lower Left2BR,1BA$1.60
Brighton WoodsBirch2BR,1BA$1.66
Kings CourtTwo Bedroom One Bath2BR,1BA$1.54
Tudor Park Apartments2bedroom / 3rd floor2BR,1BA$1.76
Nicole ApartmentsFlat1BR,1BA$1.74
Panoramic View2 Beds2BR,1BA$1.77

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Frequently Asked Questions about Downtown Anchorage

What type of rentals are currently available in Downtown Anchorage?

There are currently 474 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $925 to $3,300. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $1,050 to $3,600.

What is the current price range for Rental Homes in Downtown Anchorage?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Anchorage ranges from $1,050 to $3,600 with an average monthly rent of $2,184.

How much are larger Three and Four Bedroom Rentals in Downtown Anchorage?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Anchorage range from $1,495 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,050.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

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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.

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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.