Top Rated Cheap Apartments for Rent in Anchorage, AK from $600 (19 Rentals)

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Top Rated Apartments in Anchorage.

Cheap Apartments in Anchorage.

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West Midtown Gardens
Studio to 1 Bedroom Apartments

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
Renter Rating
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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Arctic Gardens
1 to 3 Bedroom Apartments

Arctic Gardens

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

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
Renter Rating
  • 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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Kings Court
1 to 2 Bedroom Apartments

Kings Court

303 E 15th AveAnchorage, AK 99501

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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Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd AveAnchorage, AK 99501
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La Maisonnette
1 to 2 Bedroom Apartments

La Maisonnette

1340-1402 W 26th AveAnchorage, AK 99503
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Downtown Classics
2 Bedroom Apartments

Downtown Classics

1111 Barrow StAnchorage, AK 99501
Renter Rating
  • 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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Park Plaza II
Studio to 2 Bedroom Apartments

Park Plaza II

1553 A StAnchorage, AK 99501
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ReNew End Street
1 to 2 Bedroom Apartments

ReNew End Street

12332 End StEagle River, AK 99577

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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ReNew Eagle River
Studio to 2 Bedroom Apartments

ReNew Eagle River

11408 Heritage CtEagle River, AK 99577

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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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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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.

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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 $1,185.

    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 $2,769.

    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 44 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 $309 which is $2,460 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

    decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

    Pet-Friendly Renting: Everything You Need to Know Before You Move

    Written by: Christine Leonard, Esq.

    For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

    decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

    Creative Ways Developers Reimagine Retail Spaces as Residential Units

    Written by: Robin Stewart

    Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

    decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

    Neighborhood and Market Insights: How to Choose the Right Area to Rent

    Written by: Robin Stewart

    Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

    decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

    A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

    Written by: Lauren Harrington

    I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.