Cheap Homes for Rent in Anchorage, AK from $800 (35 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 1-35, Page 1 of 1

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 12/09/2025

Current apartment rentals in the Anchorage, AK area range in price from $758 to $6,065 with an overall median price of $2,444. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,470, Basher at $1,280, and Rabbit Creek at $1,600. 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$1,470$1,4701
Basher$1,570$1,2807
Rabbit Creek$1,600$1,6001
Russian Jack Park$1,650$1,32513
Taku Campbell$1,695$1,07513
Huffman O Malley$1,800$1,6005
Old Seward Oceanview$1,800$1,6005
O'Malley$1,800$1,6006
Downtown$2,022$92521
Airport Heights$2,050$92557

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Panoramic View in the Government Hill neighborhood priced from $925. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$925
Merrill CrossingStudioStudio,1BA$950
McKinley Tower ApartmentsUnit J StudioStudio,1BA$1,010
CastleStudio X smallStudio,1BA$1,100
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,120
Northwind Apartments2nd floor StudioStudio,1BA$1,125
The Village at Calais1x11BR,1BA$1,185
College View1 bedroom1BR,1BA$1,220
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
Rancho TudorStudioStudio,1BA$1,225

Best Value Apartments for Rent in Anchorage, AK

As of December 09, 2025 the best value apartment in the Anchorage area is the $1.47 price per square foot 7001 Sherwood Ave Model at 7001 Sherwood Ave, Unit Unit 2 in the in the Downtown Anchorage neighborhood starting from $2,200. The second greatest value Anchorage apartment is the 2B/2B Model at Mariners View starting at $2,000 with a $1.41 price per square foot in the Government Hill 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.
7001 Sherwood Ave, Unit Unit 27001 Sherwood Ave2BR,1BA$1.47
Mariners View2B/2B2BR,2BA$1.41
12107 Horseshoe Dr, Unit Unit 112107 Horseshoe Dr1BR,1BA$1.69
20620 Scenic Dr, Unit B20620 Scenic Dr3BR,1BA$1.55
Downtown ClassicsA Lower Left2BR,1BA$1.60
Stephens Park2 Bed2BR,1BA$1.56
Tudor Park Apartments2bedroom Bottom Floor2BR,1BA$1.63
Hampstead Heath2 Bed2BR,1BA$1.61
4404 Forrest Rd, Unit 24404 Forrest Rd2BR,1BA$1.56
Green Tree Apartments1 bedroom bottom1BR,1BA$1.73

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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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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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 637 Apartments for Rent in Anchorage, AK with pricing that ranges from $758 to $6,065. There are also 147 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 $2,791.

    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 $6,065, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,050.

    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

    decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

    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.

    decorative image for How to Negotiate Your Apartment Lease and Save Money article

    How to Negotiate Your Apartment Lease and Save Money

    Written by: Christine Leonard, Esq.

    Everything is a negotiation in real estate! 

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

    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.