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Cheap Apartments for Rent in Anchorage, AK from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage.
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$925 - $1,290Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
5300 Taku Dr
AnchorageAK99508
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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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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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$1,125 - $1,250Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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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Showing Results 1-31, 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 | $1,321 | $700 | $2,025 |
| Cheap Anchorage 1 Bedroom Apartments | $1,618 | $1,050 | $2,917 |
| Cheap Anchorage 2 Bedroom Apartments | $1,766 | $1,175 | $3,200 |
| Cheap Anchorage 3 Bedroom Apartments | $2,221 | $1,600 | $3,500 |
| Cheap Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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: 09/12/2025Current apartment rentals in the Anchorage, AK area range in price from $800 to $8,500 with an overall median price of $3,218. The three Anchorage neighborhoods with the lowest median rent pricing are Mountain View at $1,350, Midtown Anchorage at $2,200, and North Star at $1,350. 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 |
|---|---|---|---|
| Mountain View | $2,100 | $1,350 | 1 |
| Midtown Anchorage | $2,200 | $2,200 | 1 |
| North Star | $2,200 | $1,350 | 11 |
| Downtown | $2,275 | $1,350 | 10 |
| Russian Jack Park | $2,275 | $1,550 | 2 |
| Midtown | $2,300 | $2,200 | 2 |
| Fairview | $2,350 | $1,350 | 11 |
| Government Hill | $2,500 | $1,350 | 11 |
| South Addition | $2,650 | $1,350 | 4 |
| Taku | $2,750 | $1,950 | 4 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| Merrill Crossing | Studio | Studio,1BA | $900 |
| The Adelaide | Studio | Studio,1BA | $917 |
| Panoramic View | Studio | Studio,1BA | $925 |
| Castle | Studio X small | Studio,1BA | $1,115 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| The Mallary | 2 Bed | 2BR,1BA | $1,250 |
| Central Park Apartments | 1 bedroom Floor Plan C | 1BR,1BA | $1,260 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1,285 |
Best Value Apartments for Rent in Anchorage, AK
As of September 12, 2025 the best value apartment in the Anchorage area is the $1.28 price per square foot 8847 Lakehurst Dr Model at 8847 Lakehurst Dr, Unit 2 in the in the Sand Lake neighborhood starting from $2,500. The second greatest value Anchorage apartment is the 2B/2B Model at Mariners View starting at $2,100 with a $1.48 price per square foot in the Government Hill 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. |
|---|---|---|---|
| 8847 Lakehurst Dr, Unit 2 | 8847 Lakehurst Dr | 3BR,2.5BA | $1.28 |
| Mariners View | 2B/2B | 2BR,2BA | $1.48 |
| 1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.29 |
| Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
| 3933 E 8th Ave, Unit # 3 | 3933 E 8th Ave | 2BR,1BA | $1.50 |
| The Greenbriar | Two Bedroom | 2BR,1BA | $1.60 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.59 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
Quick Rent Budget Calculator
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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 Legacy West and starts from $1,845.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.