Cheap Homes for Rent in the Downtown Neighborhood of Anchorage, AK from $1,700 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown area of Anchorage.

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Downtown, Anchorage, AK Local Guide

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 ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
Panoramic ViewStudioStudio,1BA$925

Best Value Apartments for Rent in Downtown, AK

As of September 07, 2026 the best value apartment in the Downtown area is the $2.10 price per square foot 2BR/1.5BA Model at 221-243 W 13th Avenue in the in the Government Hill neighborhood starting from $2,100. The second greatest value Downtown apartment is the 2BR/1.0BA Model at Baker Apartments starting at $2,600 with a $2.74 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 ListingModel NameBed/BathPrice Per Sq.Ft.
221-243 W 13th Avenue2BR/1.5BA2BR,1.5BA$2.10
Baker Apartments2BR/1.0BA2BR,1BA$2.74
1117 Karluk St, Unit Karluk 11117 Karluk St2BR,1BA$2.46
1024 E 12th Ave1024 E 12th Ave2BR,1BA$2.29
Susitna Ridge2 BR x 1 BA2BR,1BA$2.12
The Outlook Apartments1 Bedroom Apartment1BR,1BA$2.27
Panoramic View1 Bed1BR,1BA$2.11
North Pointe Apartments11BR,1BA$2.19
Merrill CrossingStudioStudio ,1BA$2.09
The AlaskanStudioStudio ,1BA$2.88

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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Navigating the Rental Market: Tips for First-Time Renters

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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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Pet Friendly Lifestyle
Downtown, Anchorage, AK

Ranked #29

Among cities in Alaska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 156 Apartments for Rent in Downtown, AK with pricing that ranges from $700 to $5,000. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,700 to $4,000.

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 $1,700 to $4,000 with an average monthly rent of $2,528.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.