Cheap Apartments for Rent in Anchorage, AK from $600 (145 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Anchorage.

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.

Read Article

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.

Read Article
close
View Me
1805 Dare Ave, Unit 1
$1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350
2 Bedroom Apartment Available Now

1805 Dare Ave, Unit 1

1805 Dare AveAnchorage, AK 99515
Cost Per Sq.Ft.

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.

Read Article

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.

Read Article
close
View Me
301 E 46th Ave, Unit 4
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
2 Bedroom Apartment Available Apr 15

301 E 46th Ave, Unit 4

301 E 46th AveAnchorage, AK 99503
  • Smoke Free
close
View Me
Block 96
$1,675 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,645 - $2,470
Required Monthly Fees
$30
Total Monthly Price
$1,675 - $2,500
Studio to 1 Bedroom Apartments Available Now

Block 96

1000 W 8th AveAnchorage, AK 99501
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
Showing Results 1-50, Page 1 of 3

Anchorage, AK Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 04/02/2026

Current apartment rentals in the Anchorage, AK area range in price from $1,000 to $8,500 with an overall median price of $3,186. The three Anchorage neighborhoods with the lowest median rent pricing are Spenard at $1,350, Mountain View at $1,350, and Russian Jack Park at $1,350. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Spenard$1,900$1,3503
Mountain View$2,000$1,3502
Russian Jack Park$2,000$1,3505
Airport Heights$2,150$1,20012
Downtown Anchorage$2,397$1,20021
Turnagain$2,400$1,3502
Turnagain South Columbia Park$2,400$1,3502
West Turnagain$2,400$1,3505
Abbott-Loop$2,450$1,0002
Huntington Park$2,450$1,35010

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Merrill Crossing in the Government Hill neighborhood priced from $950. Panoramic View in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$950
Panoramic ViewStudioStudio,1BA$975
Country LaneStudioStudio,1BA$1,025
CastleStudio X smallStudio,1BA$1,060
The Village at Calais1x11BR,1BA$1,125
Arbor PointeStudioStudio,1BA$1,130
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
Conifer GroveStudioStudio,1BA$1,160
College ViewStudioStudio,1BA$1,160

Best Value Apartments for Rent in Anchorage, AK

As of April 03, 2026 the best value apartment in the Anchorage area is the $1.62 price per square foot 1404 E 11th Ave Model at 1404 E 11th Ave, Unit Unit B in the in the Government Hill neighborhood starting from $2,100. The second greatest value Anchorage apartment is the 1805 Dare Ave Model at 1805 Dare Ave, Unit 1 starting at $1,350 with a $1.13 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1404 E 11th Ave, Unit Unit B1404 E 11th Ave3BR,1BA$1.62
1805 Dare Ave, Unit 11805 Dare Ave2BR,1BA$1.13
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
Arctic Sun2x1 9002BR,1BA$1.76
Deer ParkTwo Bedroom2BR,1BA$1.78
The Mallary2 Bed2BR,1BA$1.59
Nicole ApartmentsFlat1BR,1BA$1.74
Tudor Park Apartments1 bedroom bottom1BR,1BA$1.78
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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.

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

Decorative image of map

See the most popular apartments and homes in Anchorage, AK

View Map
Anchorage, AK Apartments Map
View Map
Anchorage, AK Rental Homes Map

Anchorage, AK Area Reviews

    Lorelie • 3+ years in Anchorage

    February 25, 2025

    Nice

    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 Merrill Crossing listed at $950.

    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 1101 Eagle St and starts from $1,550.

    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 Maximizing Your Refund: Essential Tax Tips for Renters article

    Maximizing Your Refund: Essential Tax Tips for Renters

    Written by: Christine Leonard, Esq.

    Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

    decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

    18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

    Written by: Lauren Harrington

    Renting your next home can feel thrilling and overwhelming at the same time.

    decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

    A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

    Written by: Bob Mallory

    Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

    decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

    Renting with Roommates: Realistic Expectations for Shared Lease

    Written by: Christine Leonard, Esq.

    Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.