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Cheap Apartments for Rent in Anchorage, AK from $600 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage.
1140 Cousy Lp
AnchorageAK99504
23107 Barbara St
AnchorageAK99567
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$925 - $1,225Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,010 - $1,450Studio to 1 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,075 - $1,8001 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
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$1,100 - $2,395Studio to 2 Bedroom Apartments Available Nov 19
Creekside Manor
7545 Foxridge WayAnchorage, AK 99518
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$1,125 - $1,250Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
433 E Dowling Rd
AnchorageAK99518
3400 Eureka St
AnchorageAK99503
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$1,160 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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Showing Results 1-40, Page 1 of 1
Anchorage, AK Local Guide
How much does it cost to rent an apartment in Anchorage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Anchorage Studio Apartments | $1,284 | $700 | $2,025 |
| Cheap Anchorage 1 Bedroom Apartments | $1,546 | $1,050 | $2,917 |
| Cheap Anchorage 2 Bedroom Apartments | $1,777 | $758 | $3,215 |
| Cheap Anchorage 3 Bedroom Apartments | $2,225 | $1,600 | $4,111 |
| Cheap Anchorage 4 Bedroom Apartments | $3,294 | $2,050 | $5,232 |
Browse Top Apartments in Anchorage
See all Apartments in AnchorageExplore Anchorage
Anchorage, AK Local Guide
Written By:
Staff Writer Local Guide Expert
- Anchorage Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Anchorage, AK
Pricing Updated: 11/05/2025Current apartment rentals in the Anchorage, AK area range in price from $800 to $8,500 with an overall median price of $3,354. The three Anchorage neighborhoods with the lowest median rent pricing are Fairview at $1,428, Mountain View at $1,800, and Russian Jack Park at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Fairview | $1,837 | $1,428 | 5 |
| Mountain View | $1,900 | $1,800 | 2 |
| Russian Jack Park | $1,900 | $1,300 | 2 |
| North Star | $1,925 | $1,428 | 7 |
| Bayshore | $2,400 | $2,000 | 4 |
| Taku | $2,400 | $1,850 | 10 |
| Taku Campbell | $2,400 | $1,500 | 11 |
| Turnagain | $2,650 | $1,500 | 4 |
| Turnagain South Columbia Park | $2,650 | $1,500 | 2 |
| Basher | $2,700 | $2,700 | 1 |
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. 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 apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| The Adelaide | Studio | Studio,1BA | $917 |
| Panoramic View | Studio | Studio,1BA | $925 |
| McKinley Tower Apartments | Unit J Studio | Studio,1BA | $1,010 |
| Country Lane | Studio | Studio,1BA | $1,050 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,120 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| The Village at Calais | 1x1 | 1BR,1BA | $1,185 |
| Nicole Apartments | Studio | Studio,1BA | $1,205 |
Best Value Apartments for Rent in Anchorage, AK
As of November 05, 2025 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 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 starting at $1,650 with a $1.29 price per square foot in the Old Seward Oceanview neighborhood. Here is today’s list of the best values for Anchorage apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| 1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.29 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| The Greenbriar | Two Bedroom | 2BR,1BA | $1.64 |
| 3921 Peterkin Ave, Unit 4 | 3921 Peterkin Ave | 2BR,1BA | $1.63 |
| Arctic Sun | 2x1 900 | 2BR,1BA | $1.74 |
| Green Tree Apartments | 2 bedroom 1st floor | 2BR,1BA | $1.63 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
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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, AKPopulation: 291,538
Ranked #68
in US Census Population by City
Best Local Schools in Anchorage, AK
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Anchorage, AK Rentals by Map
See the most popular apartments and homes in Anchorage, AK
Getting Around Anchorage, AK
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
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.
Anchorage, AK Area Reviews
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Let everyone know!
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Lorelie • 3+ years in Anchorage
February 25, 2025Nice
Frequently Asked Questions about Cheap Anchorage Apartments
What is the Cheapest Studio apartment in Anchorage?
Currently the most affordable Cheap Studio Apartment in Anchorage is at Loussac Sogn listed at $700.
How much is rent for a Cheap One Bedroom Anchorage Apartment?
The lowest price for a Cheap One Bedroom Anchorage Apartment is $1,050 at Panoramic View.
What is the lowest price for a Cheap Two Bedroom Anchorage Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Anchorage is starting from $1,175 at Panoramic View.
What is the most affordable Anchorage Three Bedroom Apartment?
The best deal on a cheap Anchorage Three Bedroom Apartment rental is at Martha's Vineyard 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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.