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Cheap Apartments for Rent in Fairbanks, AK from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Fairbanks.
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Fairbanks, AK Local Guide
How much does it cost to rent an apartment in Fairbanks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Fairbanks Studio Apartments | $2,249 | $2,249 | $2,249 |
| Cheap Fairbanks 1 Bedroom Apartments | $1,611 | $1,250 | $2,500 |
| Cheap Fairbanks 2 Bedroom Apartments | $1,666 | $1,374 | $2,147 |
| Cheap Fairbanks 3 Bedroom Apartments | $2,089 | $1,700 | $2,700 |
Browse Top Apartments in Fairbanks
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Fairbanks, AK Local Guide
- Fairbanks Neighborhoods
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Cheapest Neighborhoods for Apartments in Fairbanks, AK
Pricing Updated: 03/20/2025Current apartment rentals in the Fairbanks, AK area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Fairbanks Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Midtown Fairbanks | $1,797 | $1,250 | 465 |
| Downtown Fairbanks | $1,895 | $1,895 | 17 |
Cheapest Available Fairbanks Apartments for Rent
The cheapest available apartment rental in Fairbanks, AK is a 1 Bed unit found at Willow Woods Apartments in the Midtown Fairbanks neighborhood priced from $1,250. Sophie Plaza Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,306. Here is today’s list of the most affordable Fairbanks apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Woods Apartments | Open Kitchen One Bedroom | 1BR,1BA | $1,250 |
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1,306 |
| Jillian Square Apartments | Debutante | 1BR,1BA | $1,310 |
Best Value Apartments for Rent in Fairbanks, AK
As of March 21, 2025 the best value apartment in the Fairbanks area is the $1.52 price per square foot 4x2.5 Furnished Model at Birchwood Homes in the starting from $2,995. The second greatest value Fairbanks apartment is the 1121 20th Ave Model at 1121 20th Ave, Unit #3 starting at $1,750 with a $1.46 price per square foot in the Midtown Fairbanks neighborhood. Here is today’s list of the best values for Fairbanks apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Birchwood Homes | 4x2.5 Furnished | 4BR,2.5BA | $1.52 |
| 1121 20th Ave, Unit #3 | 1121 20th Ave | 2BR,1BA | $1.46 |
| 1080 Evergreen St, Unit 2 | 1080 Evergreen St | 2BR,2BA | $1.64 |
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1.63 |
| Willow Woods Apartments | Open Kitchen One Bedroom | 1BR,1BA | $1.74 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $1.96 |
| Jillian Square Apartments | Debutante | 1BR,1BA | $2.15 |
| Furnished Studio-Fairbanks - Old Airport Way | Furnished Studio-Fairbanks - Old Airport Way | Studio ,1BA | $7.50 |
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Best Local Schools in Fairbanks, AK
Arctic Light Elementary
Fairbanks North Star Borough School District
Public School - Grades PK-5 (467)
6 out of 10
West Valley High School
Fairbanks North Star Borough School District
Public School - Grades 9-12 (906)
6 out of 10
Tanana Middle School
Fairbanks North Star Borough School District
Public School - Grades 6-8 (545)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fairbanks, AK Rentals by Map
See the most popular apartments and homes in Fairbanks, AK
Fairbanks, AK Apartments MapFairbanks, AK Rental Homes MapGetting Around Fairbanks, AK
Walk Score®
41 / 100
Car-Dependent
Most errands require a car
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
18 / 100
Minimal Transit
It may be possible to get on a bus
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 Fairbanks Apartments
What is the Cheapest Studio apartment in Fairbanks?
Currently the most affordable Cheap Studio Apartment in Fairbanks is at listed at $2,249.
How much is rent for a Cheap One Bedroom Fairbanks Apartment?
The lowest price for a Cheap One Bedroom Fairbanks Apartment is $1,250 at Willow Woods Apartments.
What is the lowest price for a Cheap Two Bedroom Fairbanks Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fairbanks is starting from $1,374 at Jillian Square Apartments.
What is the most affordable Fairbanks Three Bedroom Apartment?
The best deal on a cheap Fairbanks Three Bedroom Apartment rental is at Birchwood Homes and starts from $2,000.
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.