
Cheap Apartments for Rent in the Government Hill Neighborhood of Anchorage, AK from $700 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Government Hill area of Anchorage.


Merrill Crossing

Panoramic View

Total Monthly Price
North Pointe Apartments

612 E 14th Ave

City View

Susitna Ridge

Chester Park Estate

618 Gambell St
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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.

Northwind Apartments

McKinley Tower Apartments

1441 E 12th Ave

3404 Thompson Ave

Total Monthly Price
1031 Juneau St, Unit 1031

1101 Eagle St

Total Monthly Price
1033 Juneau St, Unit 1033

Block 96

1208 Denali St
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.

1208 Denali St

Loussac Place Apartments

Mountain View Apartments

The Adelaide

The Alaskan

Gill Oscar House

821 E 12th Ave

The Outlook Apartments

Park Plaza
Cash 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.

Hillcrest Apartments

Kings Court

Taiga

Century Plaza

Horizon West

Downtown Classics

505 W 2nd Ave

1526 Medfra St

Park Plaza II
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.

1126 E 16th Ave
Government Hill, Anchorage, AK Local Guide

How much does it cost to rent an apartment in Government Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Government Hill Studio Apartments | $1,337 | $712 | $2,025 |
| Government Hill 1 Bedroom Apartments | $1,721 | $1,050 | $4,056 |
| Government Hill 2 Bedroom Apartments | $2,065 | $1,175 | $4,840 |
| Government Hill 3 Bedroom Apartments | $1,933 | $1,800 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 2 mile radius of the Government Hill Neighborhood of Anchorage, AK.
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Government Hill, Anchorage, AK Local Guide
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Cheapest Available Government Hill Apartments for Rent
 The cheapest available apartment rental in the Government Hill area of Anchorage, AK is a Studio unit found at Loussac Sogn priced from $712. Merrill Crossing has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Government Hill apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $712 |
| Merrill Crossing | Studio | Studio,1BA | $900 |
| The Adelaide | Studio | Studio,1BA | $917 |
| Panoramic View | Studio | Studio,1BA | $925 |
| North Pointe Apartments | Studio | Studio,1BA | $950 |
| City View | Studio | Studio,1BA | $1,180 |
| Park Plaza | Studio | Studio,1BA | $1,220 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| The Alaskan | One Bedroom | 1BR,1BA | $1,300 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Government Hill, AK
As of May 27, 2026 the best value apartment in the Government Hill area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value Government Hill apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,650 with a $1.69 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Government Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.69 |
| Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.54 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1.70 |
| Taiga | One Bedroom | 1BR,1BA | $2.03 |
| Susitna Ridge | 2 BR x 1 BA | 2BR,1BA | $1.99 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| The Alaskan | One Bedroom | 1BR,1BA | $2.00 |
| Panoramic View | Studio | Studio ,1BA | $2.06 |
| Merrill Crossing | Studio | Studio ,1BA | $2.09 |
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 ArticleReal 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.
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.
Pet Friendly LifestyleGovernment Hill, Anchorage, AK
Ranked #37
Among cities in Alaska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Anchorage. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, features that make it easier to raise kids, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Government Hill Apartments
What is a cheap apartment in Government Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Government Hill is under $1,300.
What is the price of a cheap apartment in Government Hill?
The cheapest apartment in Government Hill is North Pointe Apartments which is listed at $1,050, while the average apartment in Government Hill costs $5,000.
What types of apartments are the cheapest in Government Hill?
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 8 regular apartments in Government Hill 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.