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from $900Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
Cheap Apartments for Rent in Anchorage Borough, AK from $600 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage Borough.
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from $9451 Bedroom Apartment Available Apr 2
4734 W Dimond Blvd, Unit E Gialopsos
4734 W Dimond BlvdAnchorage, AK 99502
5150 Taku Dr
AnchorageAK99508
3400 Eureka St
AnchorageAK99503
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1209 Ramona St
AnchorageAK99515
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from $1,0751 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
700 W 45th Ave
AnchorageAK99503
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from $1,120Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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5200 Taku Dr
AnchorageAK99508
533 Price
AnchorageAK99508
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Showing Results 1-40, Page 1 of 1
Anchorage Borough, AK Local Guide
Rufous hummingbird feeding by USFWS Mountain-Prairie is licensed under CC BY 2.0
How much does it cost to rent an apartment in Anchorage Borough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Anchorage Borough Studio Apartments | $1,396 | $900 | $2,950 |
| Anchorage Borough 1 Bedroom Apartments | $1,600 | $945 | $3,400 |
| Anchorage Borough 2 Bedroom Apartments | $1,821 | $1,175 | $3,300 |
| Anchorage Borough 3 Bedroom Apartments | $2,086 | $1,295 | $2,995 |
| Anchorage Borough 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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Cheapest Available Anchorage Borough Apartments for Rent
The cheapest available apartment rental in Anchorage Borough, 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 Borough 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 |
| Castle | Studio small | Studio,1BA | $1,125 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| Northwind Apartments | 1 bedroom / 1st floor | 1BR,1BA | $1,175 |
| Terrace on the Lake | Blue Winged Teal | Studio,1BA | $1,210 |
| City View | Studio | Studio,1BA | $1,220 |
Best Value Apartments for Rent in Anchorage Borough, AK
As of March 23, 2025 the best value apartment in the Anchorage Borough 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 Borough 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 Borough 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 |
Frequently Asked Questions about Cheap Anchorage Borough Apartments
What is a cheap apartment in Anchorage Borough?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Anchorage Borough is under $1,220.
What is the price of a cheap apartment in Anchorage Borough?
The cheapest apartment in Anchorage Borough is Merrill Crossing which is listed at $1,000, while the average apartment in Anchorage Borough costs $2,050.
What types of apartments are the cheapest in Anchorage Borough?
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 165 regular apartments in Anchorage Borough 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 Anchorage Borough?
Cheap apartments in Anchorage Borough have an average cost of $2,050 which is $0 cheaper than the average rent for all rentals in Anchorage Borough.
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.