Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $1,000 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 7531 Peck Ave

7531 Peck Ave

AnchorageAK99504

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.

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 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 ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
The AdelaideStudioStudio,1BA$917
Panoramic ViewDeluxe 1 Bedroom1BR,1BA$1,075

Best Value Apartments for Rent in Downtown Anchorage, AK

As of April 29, 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
8001 E 3rd Ave, Unit 28001 E 3rd Ave3BR,1BA$1.58
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.23
Brighton Park3x23BR,2BA$1.81
Legacy2x12BR,1BA$1.78
Tudor Park Apartments1 bd 3rd floor1BR,1BA$1.67
Nicole ApartmentsFlat1BR,1BA$1.74
Northwind Apartments3rd Floor 1 bedroom1BR,1BA$1.69
Panoramic ViewDeluxe 1 Bedroom1BR,1BA$1.81

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Anchorage

What type of rentals are currently available in Downtown Anchorage?

There are currently 480 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $700 to $3,230. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $1,075 to $3,800.

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 $1,075 to $3,800 with an average monthly rent of $2,405.

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 $1,500 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,600. Four Bedroom Single-Family rentals are also available starting from $3,800 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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.