Cheap Apartments for Rent in Anchorage, AK from $600 (136 Rentals)

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North Pointe Apartments
$950 - $1,175
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,175
Total Monthly Price
$950 - $1,175
Studio to 2 Bedroom Apartments Available Now

North Pointe Apartments

905 Richardson Vista RdAnchorage, AK 99501
Senior Living
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Lumen Park Apartments
1 to 2 Bedroom Apartments

Lumen Park Apartments

2778 Lumen Park DrAnchorage, AK 99507
Senior Living

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Anchorage, AK Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 05/07/2026

Current apartment rentals in the Anchorage, AK area range in price from $700 to $5,000 with an overall median price of $2,628. The three Anchorage neighborhoods with the lowest median rent pricing are Midtown at $1,060, Basher at $1,325, and Fairview at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Midtown$1,580$1,06020
Basher$1,635$1,3256
Fairview$1,800$70029
Huntington Park$1,800$70034
Mountain View$1,800$95010
North Star$1,800$70029
Rogers Park$1,800$70074
Tudor Area$1,800$1,06066
Turnagain Northeast$1,800$70028
Spenard$1,850$97516

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. 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 Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$917
North Pointe ApartmentsStudioStudio,1BA$950
Panoramic ViewStudioStudio,1BA$975
Country LaneStudioStudio,1BA$1,025
ContinentalStudioStudio,1BA$1,050
CastleStudio X smallStudio,1BA$1,060
Conifer GroveOne Bedroom Large1BR,1BA$1,182
The Village at Calais1x11BR,1BA$1,185

Best Value Apartments for Rent in Anchorage, AK

As of May 07, 2026 the best value apartment in the Anchorage area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value Anchorage apartment is the 525 N Flower St Model at 525 N Flower St, Unit A starting at $1,250 with a $1.14 price per square foot in the Downtown Anchorage neighborhood. Here is today’s list of the best values for Anchorage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.41
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.14
1009 E 9th Ave, Unit B1009 E 9th Ave2BR,1BA$1.60
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Deer ParkTwo Bedroom2BR,1BA$1.78
Arctic Sun1x1 9001BR,1BA$1.56
Legacy2x12BR,1BA$1.75
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.70
Nicole ApartmentsFlat1BR,1BA$1.77
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Anchorage Overview

Stand up and walk out your front door. Go ahead. We’ll wait. Did you see any moose? Any black bears, grizzly bears, mountain goats or lynx? No? That’s because you don’t live in an apartment in Anchorage Alaska where mother nature is close enough to hit with a badly thrown rock. Anchorage has more going for it than nature (although some people won’t require any more). It has a good economy, ample job opportunities and recreation.

Why live in Anchorage, AK?

Apartment living in Anchorage is perfect for people who like an intimate social life with familiar people. The small town experience is at your finger tips. You can choose a favorite hangout and form sturdy friendships with the people you meet there. The outdoors is within walking distance of the front door of your apartment. Wildlife fills the forest, and you can enjoy it just by walking outside. Nightlife in Anchorage provides everything you could ever want. It ranges from Koots with men in plaid wool shirts and heavy shoes talking loudly about sports to Club Paris with low lighting, excellent food and an intimate ambiance. Anchorage has serious institutions like the Alaska Center for the Performing arts, the Anchorage Concert Association and the Sitka Summer Music Festival which presents more than 600 performances a year.

Anchorage, AK
Population: 291,538

Ranked #68

in US Census Population by City

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Best Local Schools in
Anchorage, AK

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Remember the 3 Rules of Real Estate:
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Anchorage, AK Area Reviews

    Lorelie • 3+ years in Anchorage

    February 25, 2025

    Nice

    Frequently Asked Questions about Cheap Anchorage Apartments

    What is a cheap apartment in Anchorage?

    A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Anchorage is under $1,185.

    What is the price of a cheap apartment in Anchorage?

    The cheapest apartment in Anchorage is North Pointe Apartments which is listed at $1,050, while the average apartment in Anchorage costs $2,628.

    What types of apartments are the cheapest in Anchorage?

    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 68 regular apartments in Anchorage 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?

    Cheap apartments in Anchorage have an average cost of $327 which is $2,301 cheaper than the average rent for all rentals in Anchorage.

    Expert Rental Resources

    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.

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