Cheap Homes for Rent in Anchorage, AK from $800 (32 Rentals)

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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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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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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 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.

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Showing Results 1-32, Page 1 of 1

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 10/24/2025

Current apartment rentals in the Anchorage, AK area range in price from $700 to $5,510 with an overall median price of $2,735. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,150, University Area at $1,140, and Basher at $1,280. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Turnagain Arm$1,150$1,1501
University Area$1,570$1,1407
Basher$1,585$1,2804
Scenic Foothills$1,585$75814
Russian Jack Park$1,610$1,2508
Huffman O Malley$1,800$1,6003
Old Seward Oceanview$1,800$1,6003
O'Malley$1,800$1,6005
Taku Campbell$1,895$1,10013
Mountain View$1,949$1,2504

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$917
Panoramic ViewStudioStudio,1BA$925
CastleStudio X smallStudio,1BA$1,100
The Mallary2 Bed2BR,1BA$1,120
Northwind Apartments2nd floor StudioStudio,1BA$1,125
Arbor PointeStudioStudio,1BA$1,130
The Village at Calais1x11BR,1BA$1,185

Best Value Apartments for Rent in Anchorage, AK

As of October 24, 2025 the best value apartment in the Anchorage 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 Anchorage apartment is the 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 starting at $1,650 with a $1.29 price per square foot in the Old Seward Oceanview neighborhood. Here is today’s list of the best values for Anchorage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.41
1803 Dare Ave, Unit 71803 Dare Ave3BR,1BA$1.29
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
Stephens Park3 Beds3BR,2BA$1.57
Arctic Sun2x1 1100a2BR,1BA$1.47
The GreenbriarTwo Bedroom2BR,1BA$1.64
3921 Peterkin Ave, Unit Peterkin Ave Unit 43921 Peterkin Ave2BR,1BA$1.63
Green Tree Apartments2 bedroom 1st floor2BR,1BA$1.63
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.42

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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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Anchorage, AK
Population: 291,538

Ranked #68

in US Census Population by City

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Best Local Schools in
Anchorage, AK

School data provided by Great Schools

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Location, Location, Location!

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Anchorage, AK Area Reviews

    Lorelie • 3+ years in Anchorage

    February 25, 2025

    Nice

    Frequently Asked Questions about Anchorage

    What type of rentals are currently available in Anchorage?

    There are currently 643 Apartments for Rent in Anchorage, AK with pricing that ranges from $700 to $5,180. There are also 157 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $800 to $8,500.

    What is the current price range for Rental Homes in Anchorage?

    Today's rental pricing for Homes for Rent, Condos and Townhomes in Anchorage ranges from $800 to $8,500 with an average monthly rent of $2,969.

    How much are larger Three and Four Bedroom Rentals in Anchorage?

    For those who are looking for larger living arrangements, Three Bedroom Apartments in Anchorage range from $1,600 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,050.

    Expert Rental Resources

    Helpful Apartment Articles, How-To's and Tips

    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.

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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! 

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    The Rental Move-In Inspection Checklist: A Guide for Renters

    Written by: Trey Huguley

    The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

    decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

    Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

    Written by: Christine Leonard, Esq.

    For many people, obstacles can arise during the rental application process for a variety of issues.