
Cheap Homes for Rent in Anchorage, AK from $1,200 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Anchorage.


5439 E 32nd Ave

7618 E 4th Ave

2201 Romig Pl, Unit 107

3330 Boniface Pkwy

218 N Park St

4610 Reka

350 Flower St

831 P St

530 Mumford St

3162 Tarwater Ave

5631 Sheltie Ave

6140 Collins Way

3310 Boniface Pkwy

7446 Foxridge Way

5421 E 42nd Ave

3340 Travis Ln

501 E 13th Ave

3591 Lynn Dr

132 N Lane St

5303 Eielson St

240 Fall Leaf Cir
Anchorage, AK Local Guide

How much does it cost to rent a home in Anchorage?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Anchorage 2 Bedroom Homes for Rent | $2,120 | $1,300 | $3,750 |
Anchorage 3 Bedroom Homes for Rent | $2,453 | $1,475 | $3,400 |
Anchorage 4 Bedroom Homes for Rent | $3,400 | $2,400 | $4,200 |
Anchorage 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Top Homes for Rent in Anchorage
Explore Anchorage
Anchorage, AK Local Guide
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Cheapest Neighborhoods for Apartments in Anchorage, AK
Pricing Updated: 03/22/2025Current apartment rentals in the Anchorage, AK area range in price from $1,200 to $4,200 with an overall median price of $3,064. The three Anchorage neighborhoods with the lowest median rent pricing are Mountain View at $1,350, University Area at $1,200, and Midtown at $1,800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Mountain View | $1,487 | $1,350 | 100 |
University Area | $1,650 | $1,200 | 175 |
Midtown | $1,800 | $1,800 | 25 |
Airport Heights | $2,150 | $1,200 | 506 |
Russian Jack Park | $2,150 | $1,350 | 147 |
Bayshore | $2,400 | $2,400 | 20 |
Scenic Foothills | $2,500 | $1,200 | 287 |
Spenard | $2,699 | $1,250 | 62 |
West Turnagain | $2,799 | $1,250 | 140 |
Abbott-Loop | $2,800 | $1,650 | 105 |
Cheapest Available Anchorage Apartments for Rent
 The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Merrill Crossing in the Government Hill neighborhood priced from $900. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Merrill Crossing | Studio | Studio,1BA | $900 |
The Adelaide | Studio | Studio,1BA | $917 |
Panoramic View | Deluxe 1 Bedroom | 1BR,1BA | $1,075 |
The Outlook Apartments | Studio Apartment | Studio,1BA | $1,095 |
College View | Studio | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Anchorage, AK
As of March 22, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mariners View | 2B/2B | 2BR,2BA | $1.55 |
1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.25 |
1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
525 N Flower St, Unit A | 525 N Flower St | 2BR,1BA | $1.14 |
749 Fischer Ave, Unit 3 | 749 Fischer Ave | 2BR,1BA | $1.70 |
Downtown Classics | A Lower Left | 2BR,1BA | $1.78 |
Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.44 |
Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
Nicole Apartments | Flat | 1BR,1BA | $1.74 |
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Frequently Asked Questions about Anchorage
What type of rentals are currently available in Anchorage?
There are currently 617 Apartments for Rent in Anchorage, AK with pricing that ranges from $900 to $3,400. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,200 to $4,200.
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 $1,200 to $4,200 with an average monthly rent of $2,472.
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 $1,450 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $3,400. 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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.