Cheap Homes for Rent in Anchorage, AK from $900 (19 Rentals)

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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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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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Anchorage, AK Local Guide

Cheapest Neighborhoods for Apartments in Anchorage, AK

Pricing Updated: 01/25/2026

Current apartment rentals in the Anchorage, AK area range in price from $600 to $6,602 with an overall median price of $2,680. The three Anchorage neighborhoods with the lowest median rent pricing are Turnagain Arm at $1,470, Midtown at $1,175, and Rabbit Creek at $1,600. 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
Midtown$1,500$1,17516
Rabbit Creek$1,600$1,6001
Taku Campbell$1,845$1,10013
Spenard$1,995$75012
Turnagain$1,995$7509
Turnagain Northeast$1,995$75029
West Turnagain$1,995$75015
Huffman O Malley$2,000$1,6006
Old Seward Oceanview$2,000$1,6006

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 $925. 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$925
Country LaneStudioStudio,1BA$1,025
McKinley Tower ApartmentsUnit B StudioStudio,1BA$1,050
CastleStudio X smallStudio,1BA$1,100
Northwind Apartments2nd floor StudioStudio,1BA$1,125

Best Value Apartments for Rent in Anchorage, AK

As of January 25, 2026 the best value apartment in the Anchorage area is the $1.38 price per square foot CS - 2 Bedroom Model at Creekside Terrace in the in the Downtown Anchorage neighborhood starting from $1,695. The second greatest value Anchorage apartment is the 2021 Farmer Pl Model at 2021 Farmer Pl, Unit 3 starting at $1,675 with a $1.68 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.
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
2021 Farmer Pl, Unit 32021 Farmer Pl2BR,1BA$1.68
3309 Oregon Dr, Unit Unit A3309 Oregon Dr2BR,1BA$1.67
12250 Ellen Ave, Unit Apartment 312250 Ellen Ave2BR,1BA$1.68
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
Hillcrest Apartments2 bed bottom floor2BR,1BA$1.54
Green Tree Apartments2 bed 2nd floor2BR,1BA$1.65
Arctic Sun1x1 8251BR,1BA$1.68
Nicole ApartmentsFlat1BR,1BA$1.74
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

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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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 647 Apartments for Rent in Anchorage, AK with pricing that ranges from $600 to $6,602. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage ranging from $975 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 $975 to $8,500 with an average monthly rent of $2,536.

    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 $1,750 to $6,602, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,050.

    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 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.

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    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.

    decorative image for Apartment Common Area Rules: What Renters Need to Know article

    Apartment Common Area Rules: What Renters Need to Know

    Written by: Christine Leonard, Esq.

    Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.