close
View Me
Cheap Apartments for Rent in Anchorage, AK from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage.
close
View Me
close
View Me
from $1,0751 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
close
View Me
close
View Me
from $1,099Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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.
close
View Me
433 E Dowling Rd
AnchorageAK99518
4006 Iowa Dr
AnchorageAK99517
close
View Me
from $1,175Studio to 2 Bedroom Apartments Available Jun 30
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
533 Price
AnchorageAK99508
close
View Me
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
Showing Results 1-33, 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 | $1,354 | $700 | $2,250 |
| Cheap Anchorage 1 Bedroom Apartments | $1,596 | $1,075 | $2,687 |
| Cheap Anchorage 2 Bedroom Apartments | $1,733 | $1,175 | $3,200 |
| Cheap Anchorage 3 Bedroom Apartments | $2,131 | $1,500 | $4,500 |
| Cheap Anchorage 4 Bedroom Apartments | $3,025 | $2,050 | $4,000 |
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: 06/12/2025Current apartment rentals in the Anchorage, AK area range in price from $700 to $4,500 with an overall median price of $2,291. The three Anchorage neighborhoods with the lowest median rent pricing are Downtown at $700, Midtown Anchorage at $1,099, and Midtown at $1,099. 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 |
|---|---|---|---|
| Downtown | $1,515 | $700 | 16 |
| Midtown Anchorage | $1,585 | $1,099 | 26 |
| Midtown | $1,595 | $1,099 | 31 |
| Taku | $1,695 | $1,075 | 21 |
| Taku Campbell | $1,695 | $1,075 | 21 |
| Campbell Park | $1,825 | $1,075 | 28 |
| Abbott-Loop | $1,895 | $1,075 | 20 |
| O'Malley | $1,897 | $1,650 | 2 |
| Turnagain Northeast | $2,047 | $700 | 29 |
| Airport Heights | $2,050 | $700 | 53 |
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. College View in the University Area neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. 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 |
| College View | Studio | Studio,1BA | $1,099 |
| Merrill Crossing | 2 Beds | 2BR,1BA | $1,175 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1,190 |
| City View | Studio | Studio,1BA | $1,220 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| The Greenbriar | Studio | Studio,1BA | $1,225 |
| The Mallary | 2 Bed | 2BR,1BA | $1,250 |
| Alpine | Studio | Studio,1BA | $1,265 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1,285 |
Best Value Apartments for Rent in Anchorage, AK
As of June 12, 2025 the best value apartment in the Anchorage area is the $1.33 price per square foot 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 in the in the Spenard neighborhood starting from $1,595. The second greatest value Anchorage apartment is the 525 N Flower St Model at 525 N Flower St, Unit A starting at $1,350 with a $1.23 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
| 525 N Flower St, Unit A | 525 N Flower St | 2BR,1BA | $1.23 |
| Brighton Park | 3x2 Accessible | 3BR,2BA | $1.88 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.59 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1.70 |
| Merrill Crossing | 2 Beds | 2BR,1BA | $1.74 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
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
Anchorage, AK Apartments MapAnchorage, AK Rental Homes MapGetting 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
Do you know the Anchorage area?
Let everyone know!
Write a Review
Lorelie • 3+ years in Anchorage
February 25, 2025Nice
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 $1,285.
What is the price of a cheap apartment in Anchorage?
The cheapest apartment in Anchorage is Panoramic View which is listed at $1,050, while the average apartment in Anchorage costs $2,291.
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 83 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 $822 which is $1,469 cheaper than the average rent for all rentals in Anchorage.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.