Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $900 (19 Rentals)

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

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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 Panoramic View priced from $925. Country Lane has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Downtown Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$925
Country LaneStudioStudio,1BA$1,025
CastleStudio X smallStudio,1BA$1,100
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,115
Northwind Apartments2nd floor StudioStudio,1BA$1,125

Best Value Apartments for Rent in Downtown Anchorage, AK

As of January 23, 2026 the best value apartment in the Downtown Anchorage area is the $1.38 price per square foot CS - 2 Bedroom Model at Creekside Terrace in the in the Downtown Anchorage neighborhood starting from $1,695. The second greatest value Downtown Anchorage apartment is the 2021 Farmer Pl Model at 2021 Farmer Pl, Unit 3 starting at $1,675 with a $1.68 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.
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
2021 Farmer Pl, Unit 32021 Farmer Pl2BR,1BA$1.68
The GlenTwo Bedroom2BR,1BA$1.74
3309 Oregon Dr, Unit Unit A3309 Oregon Dr2BR,1BA$1.67
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
Hillcrest Apartments2 bed bottom floor2BR,1BA$1.54
Green Tree Apartments2 bed 2nd floor2BR,1BA$1.65
Arctic Sun1x1 8251BR,1BA$1.68
Tudor Park Apartments1 bed 3rd floor1BR,1BA$1.76
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

Frequently Asked Questions about Downtown Anchorage

What type of rentals are currently available in Downtown Anchorage?

There are currently 502 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $750 to $5,319. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $975 to $3,400.

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 $975 to $3,400 with an average monthly rent of $2,210.

How much are larger Three and Four Bedroom Rentals in Downtown Anchorage?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Anchorage range from $1,750 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,400. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,050.

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 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.

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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.

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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.

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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.