Cheap Apartments for Rent in the North Star Neighborhood of Anchorage, AK from $700 (25 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 Village
Studio to 1 Bedroom Apartments

West Midtown Village

1414 W 26th AveAnchorage, AK 99503
  • 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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West Midtown Pointe
Studio Apartments

West Midtown Pointe

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

West Midtown Place

1023 W 26th AveAnchorage, AK 99503
  • Utilities Included
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The Adelaide
Studio to 1 Bedroom Apartments

The Adelaide

201 E 9th AveAnchorage, AK 99501
  • Utilities Included
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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

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 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
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City View
Studio to 2 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
Corporate Housing
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Hillside Chalet
1 to 2 Bedroom Apartments

Hillside Chalet

631 E 22nd AveAnchorage, AK 99503

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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Hillcrest Apartments
2 Bedroom Apartments

Hillcrest Apartments

515 E 12th AveAnchorage, AK 99501
  • Utilities Included

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 Merrill Crossing priced from $950. McKinley Tower Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,010. Here are the most affordable North Star apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$950
McKinley Tower ApartmentsUnit J StudioStudio,1BA$1,010
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,120
Northwind Apartments2nd floor StudioStudio,1BA$1,125
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225

Best Value Apartments for Rent in North Star, AK

As of December 10, 2025 the best value apartment in the North Star area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value North Star apartment is the 1410 Juneau St Model at 1410 Juneau St, Unit 4 starting at $1,850 with a $1.80 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.
Mariners View2B/2B2BR,2BA$1.41
1410 Juneau St, Unit 41410 Juneau St2BR,1BA$1.80
222 W 13th Ave, Unit 3222 W 13th Ave2BR,1BA$2.20
Downtown ClassicsA Lower Left2BR,1BA$1.78
Nicole ApartmentsFlat1BR,1BA$1.74
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.79
Hillside Chalet1 bedroom1BR,1BA$1.78
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Park PlazaOne Bedroom1BR,1BA$2.02
Merrill CrossingStudioStudio ,1BA$2.21

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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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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Pet Friendly Lifestyle
North Star, Anchorage, AK

Ranked #34

Among cities in Alaska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the North Star Neighborhood in Anchorage, AK

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

42 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap North Star Apartments

What is a cheap apartment in North Star?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Star is under $1,310.

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 $2,050.

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 4 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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.