
Cheap Apartments for Rent in Palmer, AK from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmer.


437 E Beaver Ave

Whispering Winds Senior Apartments

8790 E Central Park Cir

Hunter Creek Apartments

Yenlo Square

Merrill Crossing

1735 N Nina Cir

4600 W Overby St

1551 Lucus Rd
Palmer, AK Local Guide

How much does it cost to rent an apartment in Palmer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palmer Studio Apartments | $1,400 | $900 | $2,025 |
Palmer 1 Bedroom Apartments | $1,574 | $500 | $2,917 |
Palmer 2 Bedroom Apartments | $1,725 | $650 | $3,230 |
Palmer 3 Bedroom Apartments | $1,922 | $999 | $2,650 |
Palmer 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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Palmer, AK Local Guide
- Palmer Neighborhoods
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Cheapest Neighborhoods for Apartments in Palmer, AK
Pricing Updated: 03/23/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Outlying Matanuska Susitna Borough | $2,017 | $500 | 4484 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Forest Hill | 2 Bedroom | 2BR,1BA | $866 |
Merrill Crossing | Studio | Studio,1BA | $900 |
Hunter Creek Apartments | 2 Beds, 2 baths | 2BR,2BA | $915 |
Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $925 |
Panoramic View | Deluxe 1 Bedroom | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Palmer, AK and Nearby
As of March 23, 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 3 Beds Model at Stephens Park starting at $1,875 with a $1.57 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mariners View | 2B/2B | 2BR,2BA | $1.55 |
Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
Brighton Woods | Oak | 2BR,1.5BA | $1.86 |
Forest Hill | 2 Bedroom | 2BR,1BA | $0.99 |
Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $1.07 |
Legacy | 2x1 | 2BR,1BA | $1.78 |
1730 N Golden Hills Dr, Unit #3 | 1730 N Golden Hills Dr | 2BR,1BA | $1.73 |
Northwind Apartments | 3rd Floor /Furnished Available | 1BR,1BA | $1.79 |
McKinley Tower Apartments | Unit F Corner One Bedroom | 1BR,1BA | $1.92 |
Panoramic View | Deluxe 1 Bedroom | 1BR,1BA | $1.81 |
Quick Rent Budget Calculator
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Best Local Schools in Palmer, AK
Pioneer Peak Elementary
Colony High School
Colony Middle School
School data provided by Great Schools
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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 a cheap apartment in Palmer?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palmer is under $1,175.
What is the price of a cheap apartment in Palmer?
The cheapest apartment in Palmer is Merrill Crossing which is listed at $1,000, while the average apartment in Palmer costs $2,017.
What types of apartments are the cheapest in Palmer?
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 249 regular apartments in Palmer 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 Palmer?
Cheap apartments in Palmer have an average cost of $565 which is $1,452 cheaper than the average rent for all rentals in Palmer.
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.