Cheap Homes for Rent in Anchorage, AK from $800 (21 Rentals)

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

property at 10040 Gebhart Dr

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

10040 Gebhart Dr

AnchorageAK99515
property at 5205 E 26th Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

5205 E 26th Ave, Unit 4

5205 E 26th Ave
AnchorageAK99508

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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.

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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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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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Showing Results 1-21, Page 1 of 1

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 06/13/2026

Current apartment rentals in the Anchorage, AK area range in price from $712 to $7,699 with an overall median price of $2,613. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,200, Mountain View at $950, and Basher at $1,325. 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$1,200$1,2001
Mountain View$1,400$9506
Basher$1,607$1,3257
Fairview$1,800$71231
Huntington Park$1,800$71237
North Star$1,800$71233
Turnagain$1,870$1,3605
Rogers Park$1,887$71275
Tudor Area$1,887$1,09568
Midtown$1,975$1,09522

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 $712. 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$712
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$917
North Pointe Apartments0Studio,1BA$950
Panoramic ViewStudioStudio,1BA$975

Best Value Apartments for Rent in Anchorage, AK

As of June 13, 2026 the best value apartment in the Anchorage area is the $1.63 price per square foot 2210 Roosevelt Dr Model at 2210 Roosevelt Dr, Unit 1 in the in the Spenard neighborhood starting from $2,600. 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.
2210 Roosevelt Dr, Unit 12210 Roosevelt Dr3BR,2BA$1.63
Mariners View2B/2B2BR,2BA$1.41
Arctic Sun2x1 1100a2BR,1BA$1.48
Stephens Park2 Bed2BR,1BA$1.66
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Checkmate Plaza2 Beds, 1 Baths2BR,1BA$1.78
1515 Nelchina St2 Beds, 1 Baths2BR,1BA$1.67
827 E 11th Ave2 Beds, 1 Baths2BR,1BA$1.56
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.70
Nicole ApartmentsFlat1BR,1BA$1.70

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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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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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

Remember the 3 Rules of Real Estate:
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 628 Apartments for Rent in Anchorage, AK with pricing that ranges from $712 to $7,699. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $800 to $4,000.

    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 $4,000 with an average monthly rent of $2,392.

    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 $850 to $7,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $2,795.

    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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

    How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

    Written by: Robin Stewart

    Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

    decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

    Pet-Friendly Renting: Everything You Need to Know Before You Move

    Written by: Christine Leonard, Esq.

    For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

    decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

    Creative Ways Developers Reimagine Retail Spaces as Residential Units

    Written by: Robin Stewart

    Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

    decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

    Neighborhood and Market Insights: How to Choose the Right Area to Rent

    Written by: Robin Stewart

    Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.