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

Base Rent$1,100
Total Monthly Price$1,100
1 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

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

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

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 1-32, Page 1 of 1

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 09/12/2026

Current apartment rentals in the Anchorage, AK area range in price from $700 to $5,416 with an overall median price of $1,577. The three Anchorage neighborhoods with the lowest median rent pricing are Mountain View at $1,297, Fairview at $1,450, and Airport Heights at $1,467. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Anchorage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mountain View$1,297$1,0505
Fairview$1,450$70028
Airport Heights$1,467$70046
Downtown$1,467$70029
University Area$1,475$1,15510
Mid Hillside$1,489$1,3875
Campbell Park$1,495$1,15524
Tudor Area$1,495$70048
Rogers Park$1,499$70053
Government Hill$1,500$70033

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. Panoramic View in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Panoramic ViewStudioStudio,1BA$925
Merrill CrossingStudioStudio,1BA$950
North Pointe Apartments11BR,1BA$1,050
The AdelaideStudioStudio,1BA$1,062
The AlaskanStudioStudio,1BA$1,095
1425 W 40th Ave.1BR/1.0BA1BR,1BA$1,100
McKinley Tower ApartmentsUnit G StudioStudio,1BA$1,100
Castle Apartment HomesStudio smallStudio,1BA$1,100
City ViewStudioStudio,1BA$1,100

Best Value Apartments for Rent in Anchorage, AK

As of September 12, 2026 the best value apartment in the Anchorage area is the $1.33 price per square foot 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 in the in the Spenard neighborhood starting from $1,595. The second greatest value Anchorage apartment is the 1402 W 27th Ave Model at 1402 W 27th Ave, Unit 8 starting at $1,595 with a $1.33 price per square foot in the Spenard 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.
1410 W 27th Ave, Unit 31410 W 27th Ave3BR,1BA$1.33
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
156 michael CT, Unit Unit 4156 michael CT2BR,1BA$1.60
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
218 N Park Street - MS50/502BR/1.0BA2BR,1BA$1.74
1425 W 40th Ave.1BR/1.0BA1BR,1BA$1.38
225 N Park Street - CDY1BR/1.0BA1BR,1BA$1.49
Arctic Sun1x1 8251BR,1BA$1.68
The Mallary2 Bed2BR,1BA$1.59
5453 Camelot Dr, Unit Unit #25453 Camelot Dr1BR,1BA$1.71

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

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.

Read Article

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 652 Apartments for Rent in Anchorage, AK with pricing that ranges from $700 to $5,416. There are also 132 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,100 to $5,000.

    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 $1,100 to $5,000 with an average monthly rent of $2,621.

    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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

    Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

    Written by: Robin Stewart

    Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

    decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

    Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

    Written by: Robin Stewart

    Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

    decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

    First Apartment Regrets: Real Renters Share What They'd Do Differently

    Written by: Robin Stewart

    Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.