Cheap Homes for Rent in Anchorage, AK from $1,100 (32 Rentals)

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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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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: 07/21/2025

Current apartment rentals in the Anchorage, AK area range in price from $900 to $3,600 with an overall median price of $2,102. The three Anchorage neighborhoods with the lowest median rent pricing are University Area at $1,129, Basher at $1,245, and Russian Jack Park at $1,250. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
University Area$1,510$1,1296
Basher$1,532$1,2454
Russian Jack Park$1,685$1,2509
Midtown$1,735$1,12518
Campbell Park$1,762$1,07523
Abbott-Loop$1,895$1,07518
Huffman O Malley$1,895$1,6502
Old Seward Oceanview$1,895$1,6502
Mountain View$1,949$1,2507
Airport Heights$2,050$90043

Cheapest Available Anchorage Apartments for Rent

 

The cheapest available apartment rental in Anchorage, AK is a Studio unit found at Merrill Crossing in the Government Hill neighborhood priced from $900. The Adelaide in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $917. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$917
Panoramic ViewStudioStudio,1BA$925
McKinley Tower ApartmentsUnit G StudioStudio,1BA$1,010
College ViewStudioStudio,1BA$1,099
Kings CourtOne Bedroom One Bath1BR,1BA$1,190
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
The Mallary2 Bed2BR,1BA$1,250
Susitna RidgeStudioStudio,1BA$1,265
Green Tree Apartments1 Bedroom Bottom1BR,1BA$1,275

Best Value Apartments for Rent in Anchorage, AK

As of July 21, 2025 the best value apartment in the Anchorage area is the $1.54 price per square foot 1404 E 11th Ave Model at 1404 E 11th Ave, Unit B in the in the Government Hill neighborhood starting from $2,150. The second greatest value Anchorage apartment is the CS - 2 Bedroom Model at Creekside Terrace starting at $1,700 with a $1.39 price per square foot in the Downtown Anchorage 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.
1404 E 11th Ave, Unit B1404 E 11th Ave3BR,1BA$1.54
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.39
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
Stephens Park3 Beds3BR,2BA$1.57
525 N Flower St, Unit A525 N Flower St2BR,1BA$1.23
Green Tree Apartments1 Bedroom Bottom1BR,1BA$1.55
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.59
Nicole ApartmentsFlat1BR,1BA$1.74
Kings CourtOne Bedroom One Bath1BR,1BA$1.70

Quick Rent Budget Calculator

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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 609 Apartments for Rent in Anchorage, AK with pricing that ranges from $900 to $3,600. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,100 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 $1,100 to $8,500 with an average monthly rent of $2,646.

    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 $1,595 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,200. Four Bedroom Single-Family rentals are also available starting from $2,800 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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    Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

    Written by: Cheryl Bowman

    A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

    decorative image for The Art of the Rental Viewing: What to look for during a property tour article

    The Art of the Rental Viewing: What to look for during a property tour

    Written by: Marie Brown

    You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

    decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

    Know Your Budget: Calculating What You Can Realistically Afford When Renting

    Written by: Lauren Harrington

    Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

    decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

    The Freedom of Short-Term Leases: Exploring the Advantages for Renters

    Written by: Bobbi Jackson

    If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.