Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $1,200 (21 Rentals)

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

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.

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property at 1337 E 14th Ave

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 2 Bath Condo for Rent

Available Now

1337 E 14th Ave, Unit B, Unit B

1337 E 14th Ave
AnchorageAK99501

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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 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 ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
North Pointe ApartmentsStudioStudio,1BA$950
Panoramic ViewStudioStudio,1BA$975
The AdelaideStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.41
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.14
1009 E 9th Ave, Unit B1009 E 9th Ave2BR,1BA$1.60
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
Deer ParkTwo Bedroom2BR,1BA$1.78
Arctic Sun2x1 9002BR,1BA$1.73
Legacy2x12BR,1BA$1.75
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.70
Nicole ApartmentsFlat1BR,1BA$1.77
Chester Park Estate1BD/1BA- Floorplan A1BR,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

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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.

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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.

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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.

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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.