Cheap Apartments for Rent in the Government Hill Neighborhood of Anchorage, AK from $700 (7 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Government Hill area of Anchorage.

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North Pointe Apartments
Studio to 3 Bedroom Apartments

North Pointe Apartments

905 Richardson Vista RdAnchorage, AK 99501
  • Utilities Included

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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Mountain View Apartments
1 to 2 Bedroom Apartments

Mountain View Apartments

185 Rideline LoopAnchorage, AK 99508
Senior Living
  • Utilities Included
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Milepost O Apartments
1 Bedroom Apartments

Milepost O Apartments

618 Gambell StAnchorage, AK 99501
  • Utilities Included
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Gill Oscar House
1 Bedroom Apartments

Gill Oscar House

1344 W 10th 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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The Alaskan
Studio to 2 Bedroom Apartments

The Alaskan

102-110 E 11th AveAnchorage, AK 99501

Government Hill, Anchorage, AK Local Guide

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 Panoramic View priced from $925. Northwind Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable Government Hill apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$925
Northwind Apartments2nd floor StudioStudio,1BA$1,125
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225

Best Value Apartments for Rent in Government Hill, AK

As of January 11, 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 Two Bedroom Model at The Glen starting at $1,699 with a $1.74 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.41
The GlenTwo Bedroom2BR,1BA$1.74
Town Square Manor Apartments2x2 9242BR,2BA$1.92
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
1024 E 12th Ave, Unit 1024 E 12 ave unit 41024 E 12th Ave2BR,1BA$1.98
1117 Karluk St, Unit Karluk unit 41117 Karluk St2BR,1BA$2.09
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind Apartments2nd floor StudioStudio ,1BA$1.73
Park PlazaOne Bedroom1BR,1BA$2.02
Panoramic ViewStudioStudio ,1BA$2.06

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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The 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.

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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.

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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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Pet Friendly Lifestyle
Government Hill, Anchorage, AK

Ranked #36

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 the price of a cheap apartment in Government Hill?

The cheapest apartment in Government Hill is Panoramic View 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 6 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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!