Cheap Homes for Rent in Downtown Anchorage Neighborhood of Anchorage, AK from $900 (31 Rentals)

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

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 Panoramic View priced from $925. Merrill Crossing has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Downtown Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$925
Merrill CrossingStudioStudio,1BA$950
McKinley Tower ApartmentsUnit J StudioStudio,1BA$1,010
CastleStudio X smallStudio,1BA$1,100
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,120
Northwind Apartments2nd floor StudioStudio,1BA$1,125
The Village at Calais1x11BR,1BA$1,185
College View1 bedroom1BR,1BA$1,220
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
Rancho TudorStudioStudio,1BA$1,225

Best Value Apartments for Rent in Downtown Anchorage, AK

As of December 09, 2025 the best value apartment in the Downtown Anchorage area is the $1.47 price per square foot 7001 Sherwood Ave Model at 7001 Sherwood Ave, Unit 2 in the in the Downtown Anchorage neighborhood starting from $2,200. The second greatest value Downtown Anchorage apartment is the 2B/2B Model at Mariners View starting at $2,000 with a $1.41 price per square foot in the Government Hill 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.
7001 Sherwood Ave, Unit 27001 Sherwood Ave2BR,1BA$1.47
Mariners View2B/2B2BR,2BA$1.41
Stephens Park2 Bed2BR,1BA$1.56
Downtown ClassicsA Lower Left2BR,1BA$1.78
Arctic Sun2x1 9002BR,1BA$1.74
Tudor Park Apartments2bedroom Bottom Floor2BR,1BA$1.63
4404 Forrest Rd, Unit 24404 Forrest Rd2BR,1BA$1.56
The Mallary2 Bed2BR,1BA$1.75
Green Tree Apartments1 bedroom bottom1BR,1BA$1.73
Nicole ApartmentsFlat1BR,1BA$1.74

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Pet Friendly Lifestyle
Downtown Anchorage, Anchorage, AK

Ranked #36

Among cities in Alaska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Anchorage, Anchorage, AK

School data provided by Great Schools

Frequently Asked Questions about Downtown Anchorage

What type of rentals are currently available in Downtown Anchorage?

There are currently 496 Apartments for Rent in Downtown Anchorage, AK with pricing that ranges from $758 to $5,909. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Anchorage ranging from $975 to $6,500.

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 $975 to $6,500 with an average monthly rent of $2,412.

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 $1,650 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,200 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 Renting with Roommates: Realistic Expectations for Shared Lease article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.