
Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $1,200 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Anchorage area of Anchorage.


821 E 12th Ave

2601 W 34th Ave, Unit 3

618 Gambell St, Unit 33

618 Gambell St, Unit 11

618 Gambell St, Unit 23

815 N Park St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

7531 Peck Ave

3051 Lois Dr

814 N Bunn St, Unit 4

3007 W 33rd Ave

1509 W 45th Ave

251 McCarrey St

3310 Boniface Pkwy
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.

1337 E 14th Ave, Unit B, Unit B

2101 W 29th Ave

2633 W 34th Ave, Unit 2633

5644 E 40th Ave

3925 E 9th Ave

1526 Medfra St

4670 Reka Dr
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.
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 | $2,032 | $1,350 | $3,200 |
| Downtown Anchorage 3 Bedroom Homes for Rent | $2,853 | $1,750 | $4,000 |
| Downtown Anchorage 4 Bedroom Homes for Rent | $2,750 | $2,500 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Downtown Anchorage Neighborhood of Anchorage, AK.
Explore Anchorage
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| Merrill Crossing | Studio | Studio,1BA | $900 |
| North Pointe Apartments | Studio | Studio,1BA | $950 |
| Panoramic View | Studio | Studio,1BA | $975 |
| The Adelaide | Studio | Studio,1BA | $1,011 |
Best Value Apartments for Rent in Downtown Anchorage, AK
As of May 05, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| 525 N Flower St, Unit A | 525 N Flower St | 2BR,1BA | $1.14 |
| 1009 E 9th Ave, Unit B | 1009 E 9th Ave | 2BR,1BA | $1.60 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.59 |
| Deer Park | Two Bedroom | 2BR,1BA | $1.78 |
| Arctic Sun | 2x1 900 | 2BR,1BA | $1.73 |
| Legacy | 2x1 | 2BR,1BA | $1.75 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1.70 |
| Nicole Apartments | Flat | 1BR,1BA | $1.77 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
Frequently Asked Questions about Downtown Anchorage
What type of rentals are currently available in Downtown Anchorage?
There are currently 490 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $700 to $5,000. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $1,200 to $4,000.
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 $1,200 to $4,000 with an average monthly rent of $2,315.
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 $1,350 to $2,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $3,200.
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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.