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from $1,120Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
Cheap Apartments for Rent in the University Area Anchorage, AK from $800 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Area area of Anchorage.
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from $1,2151 Bedroom Apartments Contact Us For Availability
Green Tree Apartments
1500 Russian Jack DrAnchorage, AK 99508
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from $1,235Studio to 2 Bedroom Apartments Available Apr 25
Continental
3321 Eureka StAnchorage, AK 99503
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from $1,280Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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5439 E 32nd Ave
AnchorageAK99504
Showing Results 1-10, Page 1 of 1
University Area, Anchorage, AK Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in University Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Area Studio Apartments | $1,227 | $1,120 | $1,285 |
| University Area 1 Bedroom Apartments | $1,403 | $1,215 | $2,370 |
| University Area 2 Bedroom Apartments | $1,619 | $1,175 | $2,300 |
| University Area 3 Bedroom Apartments | $2,311 | $2,295 | $2,345 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the University Area Neighborhood of Anchorage, AK.
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Cheapest Available University Area Apartments for Rent
The cheapest available apartment rental in the University Area area of Anchorage, AK is a Studio unit found at College View priced from $1,120. Panoramic View has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,175. Here are the most affordable University Area apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College View | Studio | Studio,1BA | $1,120 |
| Panoramic View | 2 Beds | 2BR,1BA | $1,175 |
| Alpine | Studio | Studio,1BA | $1,255 |
Best Value Apartments for Rent in University Area, AK
As of April 15, 2025 the best value apartment in the University Area area is the $2.15 price per square foot 3 bed singlewide Model at Four Seasons in the in the University Area neighborhood starting from $2,295. The second greatest value University Area apartment is the 5657 Gate Keeper Ave Model at 5657 Gate Keeper Ave, Unit Duplex starting at $1,850 with a $1.95 price per square foot in the University Area neighborhood. Here is today’s list of the best values for University Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Four Seasons | 3 bed singlewide | 3BR,2BA | $2.15 |
| 5657 Gate Keeper Ave, Unit Duplex | 5657 Gate Keeper Ave | 2BR,1BA | $1.95 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| Panoramic View | 2 Beds | 2BR,1BA | $1.77 |
| Alpine | Studio | Studio ,1BA | $2.83 |
| The Greenbriar | Studio | Studio ,1BA | $3.03 |
| College View | Studio | Studio ,1BA | $3.81 |
Getting Around the University Area Neighborhood in Anchorage, AK
Walk Score®
47 / 100
Car-Dependent
Most errands require a car
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
39 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap University Area Apartments
What is a cheap apartment in University Area?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Area is under $1,949.
What is the price of a cheap apartment in University Area?
The cheapest apartment in University Area is College View which is listed at $1,225, while the average apartment in University Area costs $2,295.
What types of apartments are the cheapest in University Area?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in University Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in University Area?
Cheap apartments in University Area have an average cost of $182 which is $2,113 cheaper than the average rent for all rentals in University Area.
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.
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.
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.