Cheap Apartments for Rent in Palmer, AK from $400 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palmer.

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Palmer, AK Local Guide

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 03/01/2025

Current apartment rentals in the Palmer, 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 Palmer Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Outlying Matanuska Susitna Borough$2,020$6504414

Cheapest Available Palmer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palmer, AK is a 2 Beds unit found at Forest Hill in the Outlying Matanuska Susitna Borough neighborhood priced from $866. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Palmer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forest Hill2 Bedroom2BR,1BA$866
Merrill CrossingStudioStudio,1BA$900
Whispering Winds Senior Apartments2 Beds, 1 bath2BR,1BA$902
Hunter Creek Apartments2 Beds, 2 baths2BR,2BA$915
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925

Best Value Apartments for Rent in Palmer, AK and Nearby

As of March 01, 2025 the best value apartment in the Palmer 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 Palmer apartment is the 2 Bed Model at Stephens Park starting at $1,525 with a $1.56 price per square foot in the University Area neighborhood. Here is today’s list of the best values for Palmer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.55
Stephens Park2 Bed2BR,1BA$1.56
Forest Hill2 Bedroom2BR,1BA$0.99
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
Whispering Winds Senior Apartments2 Beds, 1 bath2BR,1BA$1.12
Legacy2x12BR,1BA$1.78
Northwind Apartments3rd Floor /Furnished Available1BR,1BA$1.79
TaigaOne Bedroom1BR,1BA$1.98
Panoramic ViewDeluxe 1 Bedroom1BR,1BA$1.81
The Mallary1 Bed1BR,1BA$1.94

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Best Local Schools in
Palmer, AK

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Palmer, AK Rentals by Map

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See the most popular apartments and homes in Palmer, AK

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Getting Around Palmer, AK

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

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 Palmer Apartments

What is the Cheapest Studio apartment in Palmer?

Currently the most affordable Cheap Studio Apartment in Palmer is at Merrill Crossing listed at $900.

How much is rent for a Cheap One Bedroom Palmer Apartment?

The lowest price for a Cheap One Bedroom Palmer Apartment is $1,075 at Panoramic View.

What is the lowest price for a Cheap Two Bedroom Palmer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palmer is starting from $866 at Forest Hill.

What is the most affordable Palmer Three Bedroom Apartment?

The best deal on a cheap Palmer Three Bedroom Apartment rental is at Forest Hill and starts from $999.

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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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.

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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.

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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.