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$700Studio Apartments Available Jul 31
Loussac Sogn
345 W 5th AveAnchorage, AK 99501
Cheap Apartments for Rent in the Downtown Neighborhood of Anchorage, AK from $700 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Anchorage.
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$7001 Bedroom Apartments Available Now
612 E 14th Ave, Unit 07
612 E 14th AveAnchorage, AK 99501
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$7501 Bedroom Apartments Available Now
612 E 14th Ave, Unit 30
612 E 14th AveAnchorage, AK 99501
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$950 - $1,100Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
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$950 - $1,175
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$950 - $1,175
Total Monthly Price
$950 - $1,175
North Pointe Apartments
905 Richardson Vista RdAnchorage, AK 99501
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$1,100 - $1,250Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,170 - $1,440Studio to 2 Bedroom Apartments Available Now
City View
230 W 14th AveAnchorage, AK 99501
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$1,265 - $1,495Studio to 2 Bedroom Apartments Available Now
Susitna Ridge
1601 Medfra StAnchorage, AK 99501
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,300 - $1,3251 Bedroom Apartments Available Jul 31
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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$1,3001 Bedroom Apartments Available Now
618 Gambell St, Unit 23
618 Gambell StAnchorage, AK 99501
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$1,3501 Bedroom Apartments Available Now
618 Gambell St, Unit 32
618 Gambell StAnchorage, AK 99501
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$1,3501 Bedroom Apartments Available Now
618 Gambell St, Unit 31
618 Gambell StAnchorage, AK 99501
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$1,5501 Bedroom Apartments Available Aug 10
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,650 - $1,8503 Bedroom Apartments Available Now
1101 Eagle St
1101 Eagle StAnchorage, AK 99501
523 E 12th Ave, Unit 04108
523 E 12th Ave
AnchorageAK99501
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$1,650
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,650
Total Monthly Price
$1,650
1033 Juneau St, Unit 1033
1033 Juneau StAnchorage, AK 99501
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
512 E 15th Ave
AnchorageAK99501
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$1,7002 Bedroom Apartment Available Now
1024 E 12th Ave, Unit 3
1024 E 12th AveAnchorage, AK 99501
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$1,7501 Bedroom Apartments Available Now
523 E 12th Ave, Unit Studio
523 E 12th AveAnchorage, AK 99501
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$1,750 - $2,600Studio to 1 Bedroom Apartments Available Now
Block 96
1000 W 8th AveAnchorage, AK 99501
1219 W 6th Ave
AnchorageAK99501
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Studio to 1 Bedroom Apartments
The Adelaide
201 E 9th AveAnchorage, AK 99501
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1 Bedroom Apartments
Gill Oscar House
1344 W 10th AveAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
The Alaskan
102-110 E 11th AveAnchorage, AK 99501
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Studio to 2 Bedroom Apartments
Park Plaza
201 E 16th AveAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
The Outlook Apartments
234 E 15th AveAnchorage, AK 99501
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2 Bedroom Apartments
Hillcrest Apartments
515 E 12th AveAnchorage, AK 99501
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2 Bedroom Apartments
827 E 11th Ave
827 E 11th AveAnchorage, AK 99501
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1 to 2 Bedroom Apartments
Kings Court
303 E 15th AveAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
Century Plaza
124 E 3rd AveAnchorage, AK 99501
516 E 10th Ave
AnchorageAK99501
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1 to 2 Bedroom Apartments
1515 Nelchina St
1515 Nelchina StAnchorage, AK 99501
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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1 Bedroom Apartments
505 W 2nd Ave
505 W 2nd AveAnchorage, AK 99501
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2 Bedroom Apartments
Downtown Classics
1111 Barrow StAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
Park Plaza II
1553 A StAnchorage, AK 99501
Showing Results 1-35, 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 | $1,521 | $700 | $2,175 |
| Downtown 1 Bedroom Apartments | $1,498 | $700 | $2,600 |
| Downtown 2 Bedroom Apartments | $2,144 | $1,175 | $4,000 |
| Downtown 3 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 35 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 North Pointe Apartments priced from $950. 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 |
|---|---|---|---|
| North Pointe Apartments | 0 | Studio,1BA | $950 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| The Adelaide | Studio | Studio,1BA | $1,062 |
| Panoramic View | 1 Bed | 1BR,1BA | $1,100 |
| The Alaskan | Studio | Studio,1BA | $1,160 |
| City View | Studio | Studio,1BA | $1,170 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,310 |
| 827 E 11th Ave | 2 Beds, 1 Baths | 2BR,1BA | $1,350 |
| Susitna Ridge | 2 BR x 2 BA | 2BR,2BA | $1,380 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1,650 |
Best Value Apartments for Rent in Downtown, AK
As of July 25, 2026 the best value apartment in the Downtown area is the $1.55 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,200. The second greatest value Downtown apartment is the 2BR/2.0BA Model at Stringfellow 540 starting at $2,600 with a $2.48 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 | $1.55 |
| Stringfellow 540 | 2BR/2.0BA | 2BR,2BA | $2.48 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.69 |
| 827 E 11th Ave | 2 Beds, 1 Baths | 2BR,1BA | $1.50 |
| Susitna Ridge | 2 BR x 1 BA | 2BR,1BA | $2.10 |
| 1024 E 12th Ave, Unit 3 | 1024 E 12th Ave | 2BR,1BA | $2.62 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $2.24 |
| Panoramic View | 1 Bed | 1BR,1BA | $2.11 |
| North Pointe Apartments | 1 | 1BR,1BA | $2.19 |
| 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 #33
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 North Pointe Apartments listed at $950.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,000 at Merrill Crossing.
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 $1,250 at Panoramic View.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.