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Cheap Apartments for Rent in the Downtown Neighborhood of Anchorage, AK from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Anchorage.
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$900 - $1,175Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
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$1,050 - $1,290Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, 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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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 | $1,460 | $700 | $2,025 |
| Downtown 1 Bedroom Apartments | $1,597 | $1,050 | $2,450 |
| Downtown 2 Bedroom Apartments | $1,701 | $1,175 | $3,200 |
| Downtown 3 Bedroom Apartments | $1,800 | $1,600 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Anchorage, AK.
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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 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 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 |
| The Adelaide | Studio | Studio,1BA | $917 |
Best Value Apartments for Rent in Downtown, AK
As of September 08, 2025 the best value apartment in the Downtown area is the $1.48 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,100. The second greatest value Downtown apartment is the 540 Eyak Dr Model at 540 Eyak Dr, Unit 2A starting at $2,000 with a $2.00 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 | $1.48 |
| 540 Eyak Dr, Unit 2A | 540 Eyak Dr | 2BR,1BA | $2.00 |
| 1040 E 11th Ave, Unit #3 | 1040 E 11th Ave | 2BR,1BA | $3.37 |
| 1032 E 12th Ave, Unit 1 | 1032 E 12th Ave | 3BR,1BA | $2.30 |
| Susitna Ridge | 2 BR x 1 BA | 2BR,1BA | $2.06 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
| Panoramic View | 1 Bed | 1BR,1BA | $2.01 |
| Merrill Crossing | Studio | Studio ,1BA | $2.09 |
| Century Plaza | Studio | Studio ,1BA | $3.68 |
| Loussac Sogn | Studio 1 | Studio ,1BA | $3.55 |
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Pet Friendly LifestyleDowntown, Anchorage, AK
Ranked #28
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 the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at Loussac Sogn listed at $700.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,050 at Panoramic View.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,175 at Panoramic View.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.