Cheap Homes for Rent in Anchorage, AK from $1,000 (16 Rentals)

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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.

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 04/27/2025

Current apartment rentals in the Anchorage, AK area range in price from $700 to $3,230 with an overall median price of $1,942. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain at $1,350, Midtown Anchorage at $950, and Huffman O Malley 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$1,475$1,3502
Midtown Anchorage$1,500$95029
Huffman O Malley$1,595$1,5951
Midtown$1,595$95036
Turnagain South Columbia Park$1,600$1,6001
Bayshore Klatt$1,625$1,0503
Taku$1,650$1,07529
Taku Campbell$1,650$1,07529
Downtown$1,850$70028
Russian Jack Park$1,907$90060

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. The Adelaide in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $917. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
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 Anchorage, AK

As of April 27, 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
16943 Hanson Dr, Unit C16943 Hanson Dr3BR,1BA$1.54
8001 E 3rd Ave, Unit 28001 E 3rd Ave3BR,1BA$1.58
712 W 47th Ave, Unit 712-4712 W 47th Ave2BR,1BA$1.64
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.23
Hampstead Heath2 Bed2BR,1BA$1.61
Tudor Park Apartments1 bd 3rd floor1BR,1BA$1.67
Northwind Apartments3rd Floor 1 bedroom1BR,1BA$1.69

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Anchorage, AK Area Reviews

    Lorelie3+ 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 $700 to $3,230. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,075 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 $1,075 to $4,500 with an average monthly rent of $2,388.

    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 $1,500 to $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,200 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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    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.