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$925 - $1,225Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
Cheap Apartments for Rent in the Downtown Neighborhood of Anchorage, AK from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Anchorage.
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$1,010 - $1,450Studio to 1 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,125 - $1,300Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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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Showing Results 1-17, Page 1 of 1
Downtown, Anchorage, AK Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,494 | $925 | $2,025 |
| Downtown 1 Bedroom Apartments | $1,663 | $1,050 | $4,022 |
| Downtown 2 Bedroom Apartments | $2,638 | $1,175 | $4,695 |
| Downtown 3 Bedroom Apartments | $1,650 | $1,650 | $1,650 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
Downtown, Anchorage, AK Local Guide
- Nearby Anchorage neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown 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 apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panoramic View | Studio | Studio,1BA | $925 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| McKinley Tower Apartments | Unit J Studio | Studio,1BA | $1,010 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,120 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Downtown, AK
As of December 10, 2025 the best value apartment in the Downtown 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 apartment is the 1410 Juneau St Model at 1410 Juneau St, Unit 4 starting at $1,850 with a $1.80 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Downtown 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 |
| 1410 Juneau St, Unit 4 | 1410 Juneau St | 2BR,1BA | $1.80 |
| 222 W 13th Ave, Unit 3 | 222 W 13th Ave | 2BR,1BA | $2.20 |
| Downtown Classics | A Lower Left | 2BR,1BA | $1.78 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1.79 |
| Century Plaza | 1x1 | 1BR,1BA | $2.45 |
| City View | 1x1 | 1BR,1BA | $2.45 |
| The Outlook Apartments | Studio Apartment | Studio ,1BA | $2.39 |
| Panoramic View | Studio | Studio ,1BA | $2.06 |
| Merrill Crossing | Studio | Studio ,1BA | $2.21 |
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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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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If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Anchorage, AK
Ranked #29
Among cities in Alaska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,600.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Panoramic View which is listed at $1,050, while the average apartment in Downtown costs $2,022.
What types of apartments are the cheapest in Downtown?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.