Cheap Homes for Rent in Anchorage, AK from $1,000 (15 Rentals)

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property at 3100 Ward Pl

$1,150 - $1,600

1 To 2 Bedroom Rentals

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3100 Ward Pl

AnchorageAK99517

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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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 1-15, Page 1 of 1

Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 03/15/2026

Current apartment rentals in the Anchorage, AK area range in price from $600 to $6,162 with an overall median price of $2,465. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,470, Spenard at $1,205, and Midtown at $1,205. 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
Spenard$1,475$1,2053
Midtown$1,485$1,20514
West Turnagain$1,500$1,2057
Rabbit Creek$1,550$1,3503
Basher$1,615$1,3257
Turnagain$1,695$1,5002
Mountain View$1,750$1,3252
Turnagain Northeast$1,750$1,09017
Huffman O Malley$1,775$1,3508

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 $975. Country Lane in the Downtown Anchorage neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Anchorage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$975
Country LaneStudioStudio,1BA$1,025
CastleStudio X smallStudio,1BA$1,100
Arbor PointeStudioStudio,1BA$1,130
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145

Best Value Apartments for Rent in Anchorage, AK

As of March 15, 2026 the best value apartment in the Anchorage area is the $1.21 price per square foot 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 in the in the Old Seward Oceanview neighborhood starting from $1,550. The second greatest value Anchorage apartment is the 1805 Dare Ave Model at 1805 Dare Ave, Unit 1 starting at $1,350 with a $1.13 price per square foot in the Old Seward Oceanview 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.
1803 Dare Ave, Unit 71803 Dare Ave3BR,1BA$1.21
1805 Dare Ave, Unit 11805 Dare Ave2BR,1BA$1.13
Stephens Park2 Bed2BR,1BA$1.66
12250 Ellen Ave, Unit Apartment 312250 Ellen Ave2BR,1BA$1.79
Deer ParkTwo Bedroom2BR,1BA$1.78
Arctic Sun2x1 9002BR,1BA$1.76
ReNew Eagle River2.1B2BR,1BA$1.63
The Mallary2 Bed2BR,1BA$1.75
Nicole ApartmentsFlat1BR,1BA$1.74
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76

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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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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Quick Rent Budget Calculator

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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 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 642 Apartments for Rent in Anchorage, AK with pricing that ranges from $600 to $6,818. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $1,000 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 $1,000 to $8,500 with an average monthly rent of $2,775.

    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 Maximizing Your Refund: Essential Tax Tips for Renters article

    Maximizing Your Refund: Essential Tax Tips for Renters

    Written by: Christine Leonard, Esq.

    Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

    decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

    18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

    Written by: Lauren Harrington

    Renting your next home can feel thrilling and overwhelming at the same time.

    decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

    A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

    Written by: Bob Mallory

    Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

    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.