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$700Studio Apartments Available Now
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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$900 - $1,175Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
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$975 - $1,295Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,2501 Bedroom Apartments Available Now
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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$1,3001 Bedroom Apartments Available Now
618 Gambell St, Unit 11
618 Gambell StAnchorage, AK 99501
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$1,3001 Bedroom Apartments Available Now
618 Gambell St, Unit 33
618 Gambell StAnchorage, AK 99501
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$1,550 - $1,8503 Bedroom Apartments Available Now
1101 Eagle St
1101 Eagle 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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$1,5751 Bedroom Apartments Contact Us For Availability
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,600
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,600
Total Monthly Price
$1,600
1009 E 9th Ave, Unit B, Unit B
1009 E 9th AveAnchorage, AK 99501
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$1,675 - $2,600Studio to 1 Bedroom Apartments Available Now
Block 96
1000 W 8th AveAnchorage, AK 99501
1238 G St
AnchorageAK99501
329 E 14th Ave
AnchorageAK99501
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$2,275 - $3,2002 Bedroom Apartment Available Now
1040 E 11th Ave
1040 E 11th AveAnchorage, AK 99501
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Studio to 3 Bedroom Apartments
North Pointe Apartments
905 Richardson Vista RdAnchorage, AK 99501
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Studio to 1 Bedroom Apartments
The Adelaide
201 E 9th 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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1 Bedroom Apartments
Gill Oscar House
1344 W 10th AveAnchorage, AK 99501
821 E 12th Ave
AnchorageAK99501
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Studio to 2 Bedroom Apartments
Susitna Ridge
1601 Medfra StAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
The Outlook Apartments
234 E 15th AveAnchorage, AK 99501
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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
City View
230 W 14th AveAnchorage, AK 99501
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2 Bedroom Apartments
Hillcrest Apartments
515 E 12th AveAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
Century Plaza
124 E 3rd AveAnchorage, AK 99501
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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1 to 2 Bedroom Apartments
Kings Court
303 E 15th AveAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
Walt Pease & Associates Corporate Rentals
1170 Denali StAnchorage, AK 99501
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1 to 2 Bedroom Apartments
Horizon West
540 L StAnchorage, AK 99501
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2 Bedroom Apartments
Downtown Classics
1111 Barrow StAnchorage, AK 99501
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1 Bedroom Apartments
505 W 2nd Ave
505 W 2nd AveAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
Park Plaza II
1553 A StAnchorage, AK 99501
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Studio to 2 Bedroom Apartments
The Alaskan
102-110 E 11th AveAnchorage, AK 99501
1337 Hyder St
AnchorageAK99501
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.
1526 Medfra St
AnchorageAK99501
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2 Bedroom Apartments
Mariners View
726 O PlAnchorage, AK 99501
1201 Denali St
AnchorageAK99501
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 | $1,555 | $700 | $2,025 |
| Downtown 1 Bedroom Apartments | $2,036 | $1,250 | $4,056 |
| Downtown 2 Bedroom Apartments | $2,489 | $1,175 | $4,570 |
| Downtown 3 Bedroom Apartments | $1,700 | $1,550 | $1,850 |
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
- Nearby Cities
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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 |
| Panoramic View | Studio | Studio,1BA | $975 |
| The Adelaide | Studio | Studio,1BA | $1,011 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1,250 |
| Park Plaza | One Bedroom | 1BR,1BA | $1,255 |
| City View | Studio | Studio,1BA | $1,270 |
| Susitna Ridge | 1 BR | 1BR,1BA | $1,275 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,345 |
| Century Plaza | Studio | Studio,1BA | $1,380 |
Best Value Apartments for Rent in Downtown, AK
As of April 25, 2026 the best value apartment in the Downtown area is the $1.60 price per square foot 1009 E 9th Ave Model at 1009 E 9th Ave, Unit B in the in the Government Hill neighborhood starting from $1,600. The second greatest value Downtown apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,550 with a $1.59 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. |
|---|---|---|---|
| 1009 E 9th Ave, Unit B | 1009 E 9th Ave | 2BR,1BA | $1.60 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.59 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1.55 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1.63 |
| The Alaskan | Two Bedroom | 2BR,1BA | $2.24 |
| Park Plaza | One Bedroom | 1BR,1BA | $2.05 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $2.30 |
| Susitna Ridge | 1 BR | 1BR,1BA | $2.45 |
| Panoramic View | Studio | Studio ,1BA | $2.17 |
| Merrill Crossing | Studio | Studio ,1BA | $2.09 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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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Do you know the Downtown area?
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 #24
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 $1,380.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Northwind Apartments which is listed at $1,250, while the average apartment in Downtown costs $5,000.
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 6 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
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.
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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.