Cheap Homes for Rent in Anchorage, AK from $1,000 (18 Rentals)

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Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 04/06/2025

Current apartment rentals in the Anchorage, AK area range in price from $925 to $3,300 with an overall median price of $1,934. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain South Columbia Park at $1,395, Huffman O Malley at $1,550, and Old Seward Oceanview at $1,595. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Turnagain South Columbia Park$1,522$1,3953
Huffman O Malley$1,595$1,5502
Old Seward Oceanview$1,595$1,5951
Bayshore Klatt$1,597$9453
West Turnagain$1,625$1,04528
Turnagain$1,650$1,4953
Midtown$1,735$1,04544
Turnagain Northeast$1,735$92549
Taku$1,762$1,07532
Taku Campbell$1,762$1,07532

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at The Adelaide in the Government Hill neighborhood priced from $917. Panoramic View in the University Area neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The AdelaideStudioStudio,1BA$917
Panoramic ViewStudioStudio,1BA$925
CastleStudio X smallStudio,1BA$1,045
College ViewStudioStudio,1BA$1,120
The Mallary1 Bed1BR,1BA$1,150

Best Value Apartments for Rent in Anchorage, AK

As of April 06, 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 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 starting at $1,595 with a $1.25 price per square foot in the Old Seward Oceanview neighborhood. Here is today’s list of the best values for Anchorage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.55
1803 Dare Ave, Unit 71803 Dare Ave3BR,1BA$1.25
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
Martha's Vineyard1910 Martha's Vineyard Cir 13BR,1BA$1.72
Kings CourtTwo Bedroom One Bath2BR,1BA$1.54
Hampstead Heath2 Bed2BR,1BA$1.61
Tudor Park Apartments2bedroom / 3rd floor2BR,1BA$1.76
4734 W Dimond Blvd, Unit E Gialopsos4734 W Dimond Blvd1BR,1BA$1.58

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Anchorage, AK Area Reviews

    Lorelie • 3+ years in Anchorage

    February 25, 2025

    Nice

    Frequently Asked Questions about Anchorage

    What type of rentals are currently available in Anchorage?

    There are currently 619 Apartments for Rent in Anchorage, AK with pricing that ranges from $925 to $3,300. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,000 to $4,500.

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

    Today's rental pricing for Homes for Rent, Condos and Townhomes in Anchorage ranges from $1,000 to $4,500 with an average monthly rent of $2,482.

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

    For those who are looking for larger living arrangements, Three Bedroom Apartments in Anchorage range from $1,495 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,400 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.