Cheap Apartments for Rent in the North Star Neighborhood of Anchorage, AK from $700 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Star area of Anchorage.

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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West Midtown Pointe
Studio Apartments

West Midtown Pointe

1425 W 27th AveAnchorage, AK 99503
  • Utilities Included
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West Midtown Village
Studio to 1 Bedroom Apartments

West Midtown Village

1414 W 26th AveAnchorage, AK 99503
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West Midtown Place
1 Bedroom Apartments

West Midtown Place

1023 W 26th AveAnchorage, AK 99503
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Milepost O Apartments
1 Bedroom Apartments

Milepost O Apartments

618 Gambell StAnchorage, AK 99501
  • Utilities Included

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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Gill Oscar House
1 Bedroom Apartments

Gill Oscar House

1344 W 10th AveAnchorage, AK 99501
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Cedarwood Apartments
Studio to 1 Bedroom Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
  • Utilities Included
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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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Arbor Pointe
Studio to 1 Bedroom Apartments

Arbor Pointe

1473 W 25th AveAnchorage, AK 99503
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Park Plaza
Studio to 2 Bedroom Apartments

Park Plaza

201 E 16th AveAnchorage, AK 99501
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Susitna Ridge
Studio to 2 Bedroom Apartments

Susitna Ridge

1601 Medfra StAnchorage, AK 99501

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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City View
Studio to 2 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
Corporate Housing

North Star, Anchorage, AK Local Guide

Cheapest Available North Star Apartments for Rent

 

The cheapest available apartment rental in the North Star area of Anchorage, AK is a Studio unit found at McKinley Tower Apartments priced from $1,050. Northwind Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable North Star apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
McKinley Tower ApartmentsUnit B StudioStudio,1BA$1,050
Northwind Apartments2nd floor StudioStudio,1BA$1,125
Arbor PointeStudioStudio,1BA$1,130
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
Park PlazaOne Bedroom1BR,1BA$1,230

Best Value Apartments for Rent in North Star, AK

As of January 24, 2026 the best value apartment in the North Star area is the $2.10 price per square foot 2x2 Model at Century Plaza in the in the Government Hill neighborhood starting from $2,095. The second greatest value North Star apartment is the Two Bedroom One Bath Model at Kings Court starting at $1,498 with a $1.66 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for North Star apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Century Plaza2x22BR,2BA$2.10
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
Hillcrest Apartments2 bed bottom floor2BR,1BA$1.54
Nicole ApartmentsFlat1BR,1BA$1.74
TaigaOne Bedroom1BR,1BA$2.03
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Central Park Apartments1 bedroom Floor Plan C1BR,1BA$1.97
1521 G St, Unit C1521 G St1BR,1BA$2.08
Northwind Apartments2nd floor StudioStudio ,1BA$1.73
Park PlazaOne Bedroom1BR,1BA$2.01

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

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.

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Lifestyle Ratings

This website compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Anchorage. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap North Star Apartments

What is the price of a cheap apartment in North Star?

The cheapest apartment in North Star is Chester Park Estate which is listed at $1,225, while the average apartment in North Star costs $2,195.

What types of apartments are the cheapest in North Star?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in North Star that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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.

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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.

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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.