1550 Medfra St
AnchorageAK99501
Cheap Homes for Rent in Downtown Neighborhood of Anchorage, AK from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Anchorage.
821 E 12th Ave
AnchorageAK99501
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.
315 E 12th Ave
AnchorageAK99501
328 E 15th Ave, Unit 6
328 E 15th Ave
AnchorageAK99501
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.
446 E 10th Ave
AnchorageAK99501
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Downtown, Anchorage, AK Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,150 | $1,300 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Anchorage, AK.
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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. The Outlook Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,115. 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 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,115 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Downtown, AK
As of January 23, 2026 the best value apartment in the Downtown area is the $2.10 price per square foot 2x2 Model at Century Plaza in the in the Government Hill neighborhood starting from $2,095. The second greatest value Downtown apartment is the 222 W 13th Ave Model at 222 W 13th Ave, Unit 3 starting at $2,195 with a $2.20 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. |
|---|---|---|---|
| Century Plaza | 2x2 | 2BR,2BA | $2.10 |
| 222 W 13th Ave, Unit 3 | 222 W 13th Ave | 2BR,1BA | $2.20 |
| Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.66 |
| Hillcrest Apartments | 2 bed bottom floor | 2BR,1BA | $1.54 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
| 1521 G St, Unit C | 1521 G St | 1BR,1BA | $2.08 |
| Park Plaza | One Bedroom | 1BR,1BA | $2.01 |
| McKinley Tower Apartments | Unit H One Bedroom | 1BR,1BA | $2.37 |
| The Outlook Apartments | Studio Apartment | Studio ,1BA | $2.38 |
| Panoramic View | Studio | Studio ,1BA | $2.06 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 154 Apartments for Rent in Downtown, AK with pricing that ranges from $925 to $5,319. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,200 to $2,600.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,200 to $2,600 with an average monthly rent of $1,875.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.