Top Rated Cheap Apartments for Rent in Anchorage, AK from $700 (18 Rentals)

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Top Rated Apartments in Anchorage.

Cheap Apartments in Anchorage.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Arctic Gardens
1 to 3 Bedroom Apartments

Arctic Gardens

7211 Meadow StAnchorage, AK 99507
  • Utilities Included
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Cedarwood Apartments
Studio to 1 Bedroom Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
  • Utilities Included
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Nicole Apartments
Studio to 1 Bedroom Apartments

Nicole Apartments

1046 W 26th AveAnchorage, AK 99503
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Hillside Chalet
1 to 2 Bedroom Apartments

Hillside Chalet

631 E 22nd AveAnchorage, AK 99503
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Quiet Creek
1 to 3 Bedroom Apartments

Quiet Creek

4543 Lake Otis PkyAnchorage, AK 99507
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Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd AveAnchorage, AK 99501

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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La Maisonnette
1 to 2 Bedroom Apartments

La Maisonnette

1340-1402 W 26th AveAnchorage, AK 99503
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Kings Court
1 to 2 Bedroom Apartments

Kings Court

303 E 15th AveAnchorage, AK 99501
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Downtown Classics
2 Bedroom Apartments

Downtown Classics

1111 Barrow StAnchorage, AK 99501
Furnished
  • Utilities Included
  • Smoke Free
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Strawberry Lane
2 Bedroom Apartments

Strawberry Lane

2001 W 80th AveAnchorage, AK 99502
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ReNew Eagle River
Studio to 2 Bedroom Apartments

ReNew Eagle River

11408 Heritage CtEagle River, AK 99577

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Anchorage, AK Local Guide

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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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.

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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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Anchorage, AK
Population: 291,538

Ranked #68

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Anchorage, AK Area Reviews

    Lorelie3+ 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 $1,130.

    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 $1,602.

    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 42 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 $284 which is $1,318 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.

    Articles, How-To's, and Tips

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    How Commercial-to-Residential Property Conversions Help the Housing Crisis

    Written by: Robin Stewart

    Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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    Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

    Written by: Robin Stewart

    Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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    Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

    Written by: Robin Stewart

    Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

    decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

    First Apartment Regrets: Real Renters Share What They'd Do Differently

    Written by: Robin Stewart

    Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.