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$7501 Bedroom Apartment Available Now
2536 Forest Park Dr, Unit 1-2
2536 Forest Park DrAnchorage, AK 99517
Cheap Apartments for Rent in the Downtown Anchorage Neighborhood of Anchorage, AK from $700 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Anchorage area of Anchorage.
1140 Cousy Lp
AnchorageAK99504
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$925 - $1,290Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,025 - $1,450Studio to 1 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,125 - $1,250Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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$1,160 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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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.
1046 W 26th Ave
AnchorageAK99503
2720 Coho Way
AnchorageAK99517
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$1,225 - $2,0501 to 4 Bedroom Apartments Available Now
Chester Park Estate
1019 E 20th AveAnchorage, AK 99501
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$1,260 - $1,4151 to 2 Bedroom Apartments Available Dec 17
Central Park Apartments
2300 D StAnchorage, AK 99503
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$1,280 - $1,815Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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$1,285 - $1,560Studio to 2 Bedroom Apartments Available Now
Alpine
5215 Mockingbird DrAnchorage, AK 99507
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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.
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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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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.
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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.
Downtown Anchorage, Anchorage, AK Local Guide
How much does it cost to rent an apartment in Downtown Anchorage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Anchorage Studio Apartments | $1,434 | $925 | $2,025 |
| Downtown Anchorage 1 Bedroom Apartments | $1,650 | $750 | $3,116 |
| Downtown Anchorage 2 Bedroom Apartments | $1,918 | $758 | $3,490 |
| Downtown Anchorage 3 Bedroom Apartments | $2,205 | $1,650 | $2,750 |
| Downtown Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Downtown Anchorage Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
Downtown Anchorage, Anchorage, AK Local Guide
- Nearby Anchorage neighborhoods
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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 The Adelaide priced from $865. Panoramic View has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Downtown Anchorage apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Adelaide | Studio | Studio,1BA | $865 |
| Panoramic View | Studio | Studio,1BA | $925 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| McKinley Tower Apartments | Unit J Studio | Studio,1BA | $1,025 |
| Country Lane | Studio | Studio,1BA | $1,025 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| Arbor Pointe | Studio | Studio,1BA | $1,130 |
| The Village at Calais | 1x1 | 1BR,1BA | $1,185 |
Best Value Apartments for Rent in Downtown Anchorage, AK
As of December 16, 2025 the best value apartment in the Downtown Anchorage area is the $1.47 price per square foot 7001 Sherwood Ave Model at 7001 Sherwood Ave, Unit Unit 2 in the in the Downtown Anchorage neighborhood starting from $2,200. The second greatest value Downtown Anchorage apartment is the 2B/2B Model at Mariners View starting at $2,000 with a $1.41 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Downtown Anchorage apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 7001 Sherwood Ave, Unit Unit 2 | 7001 Sherwood Ave | 2BR,1BA | $1.47 |
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| 1410 Juneau St, Unit 4 | 1410 Juneau St | 2BR,1BA | $1.80 |
| The Glen | Two Bedroom | 2BR,1BA | $1.74 |
| Tudor Park Apartments | 2bedroom Bottom Floor | 2BR,1BA | $1.44 |
| Arctic Sun | 2x1 900 | 2BR,1BA | $1.74 |
| 4404 Forrest Rd, Unit 2 | 4404 Forrest Rd | 2BR,1BA | $1.56 |
| The Mallary | 2 Bed | 2BR,1BA | $1.75 |
| Green Tree Apartments | 1 bedroom bottom | 1BR,1BA | $1.73 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
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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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.
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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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Pet Friendly LifestyleDowntown Anchorage, Anchorage, AK
Ranked #40
Among cities in Alaska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Anchorage, Anchorage, AK
Central Middle School Of Science
Anchorage School District
Public School - Grades 7-8 (371)
2 out of 10
School data provided by Great Schools
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 $1,185.
What is the price of a cheap apartment in Downtown Anchorage?
The cheapest apartment in Downtown Anchorage is Panoramic View which is listed at $1,050, while the average apartment in Downtown Anchorage costs $2,250.
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 8 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 $783 which is $1,467 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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.