Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $1,100 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-19, Page 1 of 1

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 Merrill Crossing priced from $900. The Adelaide has the second lowest priced unit, which is a Studio apartment currently listed from $917. Here are the most affordable Downtown Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$917
Panoramic ViewStudioStudio,1BA$925
McKinley Tower ApartmentsUnit G StudioStudio,1BA$1,010
CastleStudio smallStudio,1BA$1,125

Best Value Apartments for Rent in Downtown Anchorage, AK

As of July 26, 2025 the best value apartment in the Downtown Anchorage area is the $1.54 price per square foot 1404 E 11th Ave Model at 1404 E 11th Ave, Unit B in the in the Government Hill neighborhood starting from $2,150. The second greatest value Downtown Anchorage apartment is the CS - 2 Bedroom Model at Creekside Terrace starting at $1,700 with a $1.39 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.
1404 E 11th Ave, Unit B1404 E 11th Ave3BR,1BA$1.54
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.39
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
Stephens Park3 Beds3BR,2BA$1.57
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.23
The GreenbriarTwo Bedroom2BR,1BA$1.58
The Mallary2 Bed2BR,1BA$1.59
Nicole ApartmentsFlat1BR,1BA$1.74
Kings CourtOne Bedroom One Bath1BR,1BA$1.70
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

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

Frequently Asked Questions about Downtown Anchorage

What type of rentals are currently available in Downtown Anchorage?

There are currently 472 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $900 to $3,600. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $1,100 to $3,950.

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 $1,100 to $3,950 with an average monthly rent of $2,403.

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 $1,595 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,050.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.