
Cheap Homes for Rent in the Downtown Anchorage Neighborhood of Anchorage, AK from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Anchorage area of Anchorage.


1037 W 26th Ave

612 E 14th Ave, Unit 30

1462 W 26th Ave, Unit 19

3230 Boniface Pkwy
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.

5130 Taku Dr

3350 Boniface Pkwy

4660 Reka Dr

1807 W 36th Ave

3162 Tarwater Ave
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.

4620 Reka Dr

3061 Lois Dr

4003 Garfield St, Unit Downstairs

3031 W 30th Ave

3310 Boniface Pkwy
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.
Downtown Anchorage, Anchorage, AK Local Guide

How much does it cost to rent a home in Downtown Anchorage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Anchorage 2 Bedroom Homes for Rent | $2,265 | $1,400 | $4,000 |
| Downtown Anchorage 3 Bedroom Homes for Rent | $2,654 | $1,700 | $3,800 |
| Downtown Anchorage 4 Bedroom Homes for Rent | $3,509 | $2,600 | $4,500 |
| Downtown Anchorage 6 Bedroom Homes for Rent | $700 | $700 | $700 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Anchorage Neighborhood of Anchorage, AK.
Explore Anchorage
Best Value Homes for Rent in Downtown Anchorage, AK
As of September 19, 2026 the best value rental home in the Downtown Anchorage area is the $1.32 price per square foot 2220 N Star St Model at 2220 N Star St in the Downtown Anchorage neighborhood starting from $3,000. The second greatest value Downtown Anchorage rental home is the 4011 E Turnagain Blvd Model at 4011 E Turnagain Blvd in the Spenard neighborhood starting at $3,100 with a $1.55 price per square foot. Here is today’s list of the best values for Downtown Anchorage homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2220 N Star St | 2220 N Star St | 3BR, 2BA | $1.32 |
| 4011 E Turnagain Blvd | 4011 E Turnagain Blvd | 3BR, 3BA | $1.55 |
| 8111 E 36th Ave, Unit B | 8111 E 36th Ave | 4BR, 1.5BA | $1.93 |
| 7716 Boundary Ave | 7716 Boundary Ave | 3BR, 2.5BA | $1.77 |
| 5811 Jennifer Cir, Unit 18B | 5811 Jennifer Cir | 2BR, 1BA | $2.34 |
| 5441 Windflower Cir, Unit Unit B | 5441 Windflower Cir | 2BR, 1.5BA | $2.16 |
| 2807 Turnagain St | 2807 Turnagain St | 2BR, 1.5BA | $2.20 |
| 123 E Potter Dr, Unit 2 | 123 E Potter Dr | 2BR, 2BA | $2.65 |
| 1462 W 26th Ave, Unit 19 | 1462 W 26th Ave | 1BR, 1BA | $1.38 |
| 4003 Garfield St, Unit Downstairs | 4003 Garfield St | 1BR, 1BA | $2.58 |
Frequently Asked Questions about Downtown Anchorage
What type of rentals are currently available in Downtown Anchorage?
There are currently 511 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $700 to $5,416. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $700 to $4,500.
What is the current price range for Rental Homes in Downtown Anchorage?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Anchorage ranges from $700 to $4,500 with an average monthly rent of $2,302.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.

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.

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.