Cheap Apartments for Rent in the Downtown Anchorage Neighborhood of Anchorage, AK from $700 (106 Rentals)

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

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North Pointe Apartments
$950 - $1,175
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,175
Total Monthly Price
$950 - $1,175
Studio to 2 Bedroom Apartments Available Now

North Pointe Apartments

905 Richardson Vista RdAnchorage, AK 99501
Senior Living
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  • Utilities Included

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West Midtown Gardens
Studio to 1 Bedroom Apartments

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
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West Midtown Pointe
Studio Apartments

West Midtown Pointe

1425 W 27th AveAnchorage, AK 99503
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Caswell Court
1 to 2 Bedroom Apartments

Caswell Court

Centennial CirAnchorage, AK 99504
Senior Living
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Mountain View Apartments
1 to 2 Bedroom Apartments

Mountain View Apartments

185 Rideline LoopAnchorage, AK 99508
Senior Living
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West Midtown Place
1 Bedroom Apartments

West Midtown Place

1023 W 26th AveAnchorage, AK 99503
  • Utilities Included

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Downtown Anchorage, Anchorage, AK Local Guide

Cheapest Available Downtown Anchorage Apartments for Rent

 

The cheapest available apartment rental in the Downtown Anchorage area of Anchorage, AK is a Studio unit found at Loussac Sogn priced from $700. Merrill Crossing has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Downtown Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
North Pointe ApartmentsStudioStudio,1BA$950
Panoramic ViewStudioStudio,1BA$975
The AdelaideStudioStudio,1BA$1,011
Country LaneStudioStudio,1BA$1,025
ContinentalStudioStudio,1BA$1,050
CastleStudio X smallStudio,1BA$1,060
The Village at Calais1x11BR,1BA$1,170
Conifer GroveOne Bedroom Large1BR,1BA$1,182

Best Value Apartments for Rent in Downtown Anchorage, AK

As of May 04, 2026 the best value apartment in the Downtown Anchorage area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value Downtown Anchorage apartment is the 525 N Flower St Model at 525 N Flower St, Unit A starting at $1,250 with a $1.14 price per square foot in the Downtown Anchorage neighborhood. Here is today’s list of the best values for Downtown Anchorage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.41
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.14
1009 E 9th Ave, Unit B1009 E 9th Ave2BR,1BA$1.60
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
Deer ParkTwo Bedroom2BR,1BA$1.78
Arctic Sun2x1 9002BR,1BA$1.73
Legacy2x12BR,1BA$1.75
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.70
Nicole ApartmentsFlat1BR,1BA$1.77
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Anchorage. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Anchorage Apartments

What is a cheap apartment in Downtown Anchorage?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Anchorage is under $1,182.

What is the price of a cheap apartment in Downtown Anchorage?

The cheapest apartment in Downtown Anchorage is North Pointe Apartments which is listed at $1,050, while the average apartment in Downtown Anchorage costs $5,000.

What types of apartments are the cheapest in Downtown 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 9 regular apartments in Downtown 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 Downtown Anchorage?

Cheap apartments in Downtown Anchorage have an average cost of $115 which is $4,885 cheaper than the average rent for all rentals in Downtown 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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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.

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Written by: Lauren Harrington

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