Cheap Homes for Rent in Anchorage, AK from $1,100 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1462 W 26th Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

1462 W 26th Ave, Unit 19

1462 W 26th Ave
AnchorageAK99503

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 7541 Peck Ave

$1,300 - $1,600

1 To 2 Bedroom Rentals

Available Now

7541 Peck Ave

AnchorageAK99504

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
property at 516 E 10th Ave

$1,525

2 Bedroom Rentals

Available Aug 10

516 E 10th Ave

AnchorageAK99501
property at 4003 Garfield St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

1 Bedroom, 1 Bath Townhome for Rent

Available Now

4003 Garfield St, Unit Downstairs

4003 Garfield St
AnchorageAK99503

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

Read Article
Showing Results 1-26, Page 1 of 1

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 07/29/2026

Current apartment rentals in the Anchorage, AK area range in price from $700 to $5,416 with an overall median price of $2,410. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,200, University Area at $1,155, and Russian Jack Park at $1,355. 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
University Area$1,654$1,1553
Russian Jack Park$1,680$1,3555
Huffman O Malley$1,700$1,7001
Old Seward Oceanview$1,700$1,7001
Scenic Foothills$1,787$1,3557
Basher$1,796$1,3751
Fairview$1,800$70027
Rogers Park$1,800$70056
Tudor Area$1,800$70046

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at North Pointe Apartments in the Government Hill neighborhood priced from $950. 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
North Pointe Apartments0Studio,1BA$950
Merrill CrossingStudioStudio,1BA$950
The AdelaideStudioStudio,1BA$1,062
CastleStudio X smallStudio,1BA$1,095
Panoramic View1 Bed1BR,1BA$1,100
(44) West Midtown Village(44) West Midtown Village - 44-31...1BR,1BA$1,150
College ViewStudioStudio,1BA$1,155
The AlaskanStudioStudio,1BA$1,160
The Village at Calais1x11BR,1BA$1,165

Best Value Apartments for Rent in Anchorage, AK

As of July 29, 2026 the best value apartment in the Anchorage area is the $1.66 price per square foot 4000 Harrison St Model at 4000 Harrison St, Unit 2 in the in the Spenard neighborhood starting from $2,500. The second greatest value Anchorage apartment is the 2B/2B Model at Mariners View starting at $2,200 with a $1.55 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.
4000 Harrison St, Unit 24000 Harrison St3BR,2BA$1.66
Mariners View2B/2B2BR,2BA$1.55
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
21715 Songbird Dr, Unit Chugiak triplex21715 Songbird Dr2BR,1BA$1.58
Checkmate Plaza2 Beds, 1 Baths2BR,1BA$1.78
827 E 11th Ave2 Beds, 1 Baths2BR,1BA$1.50
1515 Nelchina St2 Beds, 1 Baths2BR,1BA$1.72
Deer ParkTwo Bedroom2BR,1BA$1.77
Arctic Sun1x1 9001BR,1BA$1.59
Nicole ApartmentsFlat1BR,1BA$1.77

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Anchorage, AK
Population: 291,538

Ranked #68

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Best Local Schools in
Anchorage, AK

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Anchorage, AK Rentals by Map

Decorative image of map

See the most popular apartments and homes in Anchorage, AK

View Map
Anchorage, AK Apartments Map
View Map
Anchorage, AK Rental Homes Map

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 627 Apartments for Rent in Anchorage, AK with pricing that ranges from $700 to $5,416. There are also 110 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,100 to $4,400.

    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 $1,100 to $4,400 with an average monthly rent of $2,850.

    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 Rent According to Income: A Look at Income-Restricted Rentals article

    Rent According to Income: A Look at Income-Restricted Rentals

    Written by: Robin Stewart

    The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

    decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

    Renters Insurance 101: What It Is, What It Covers, and Why You Need It

    Written by: Robin Stewart

    Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

    decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

    Apartment Occupancy Rates: Renter Attraction vs Renter Retention

    Written by: Robin Stewart

    There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

    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.