Cheap Apartments for Rent in the North Star Neighborhood of Anchorage, AK from $700 (44 Rentals)

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

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.

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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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Milepost O Apartments
1 Bedroom Apartments

Milepost O Apartments

618 Gambell StAnchorage, AK 99501
  • Utilities Included
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1335 Hyder Street
Studio to 1 Bedroom Apartments

1335 Hyder Street

1335 Hyder StAnchorage, AK 99501
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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

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.

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Cedarwood Apartments
Studio to 1 Bedroom Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
  • Utilities Included
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
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Arbor Pointe
Studio to 1 Bedroom Apartments

Arbor Pointe

1473 W 25th AveAnchorage, AK 99503
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The Alaskan
Studio to 2 Bedroom Apartments

The Alaskan

102-110 E 11th AveAnchorage, AK 99501
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Nicole Apartments
Studio to 1 Bedroom Apartments

Nicole Apartments

1046 W 26th AveAnchorage, AK 99503
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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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Park Plaza
Studio to 2 Bedroom Apartments

Park Plaza

201 E 16th AveAnchorage, AK 99501

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.

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Hillside Chalet
1 to 2 Bedroom Apartments

Hillside Chalet

631 E 22nd AveAnchorage, AK 99503
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Hillcrest Apartments
2 Bedroom Apartments

Hillcrest Apartments

515 E 12th AveAnchorage, AK 99501
  • Utilities Included
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827 E 11th Ave
2 Bedroom Apartments

827 E 11th Ave

827 E 11th AveAnchorage, AK 99501
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Ladera Villa
Studio to 3 Bedroom Apartments

Ladera Villa

2225 Arctic BlvdAnchorage, AK 99503
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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503
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La Maisonnette
1 to 2 Bedroom Apartments

La Maisonnette

1340-1402 W 26th AveAnchorage, AK 99503
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Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd AveAnchorage, AK 99501
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1515 Nelchina St
1 to 2 Bedroom Apartments

1515 Nelchina St

1515 Nelchina StAnchorage, AK 99501

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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505 W 2nd Ave
1 Bedroom Apartments

505 W 2nd Ave

505 W 2nd AveAnchorage, AK 99501
Corporate Housing
  • Smoke Free
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Downtown Classics
2 Bedroom Apartments

Downtown Classics

1111 Barrow StAnchorage, AK 99501
Furnished
  • Utilities Included
  • Smoke Free

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 Loussac Sogn priced from $700. Merrill Crossing has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable North Star apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
The AdelaideStudioStudio,1BA$1,062
Arbor PointeStudioStudio,1BA$1,130
City ViewStudioStudio,1BA$1,145
The AlaskanStudioStudio,1BA$1,150
(44) West Midtown Village(44) West Midtown Village - 44-31...1BR,1BA$1,150
Chester Park Estates1BD/1BA- Floorplan A1BR,1BA$1,225
Nicole ApartmentsFlat1BR,1BA$1,325
The Outlook Apartments1 Bedroom Apartment1BR,1BA$1,330

Best Value Apartments for Rent in North Star, AK

As of September 08, 2026 the best value apartment in the North Star area is the $1.96 price per square foot 1054 W 20th Ave Model at 1054 W 20th Ave, Unit 4 in the in the Government Hill neighborhood starting from $2,200. The second greatest value North Star apartment is the 2BR/1.5BA Model at 221-243 W 13th Avenue starting at $2,100 with a $2.10 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.
1054 W 20th Ave, Unit 41054 W 20th Ave3BR,1BA$1.96
221-243 W 13th Avenue2BR/1.5BA2BR,1.5BA$2.10
Nicole ApartmentsFlat1BR,1BA$1.77
1024 E 12th Ave1024 E 12th Ave2BR,1BA$2.29
Hillside Chalet1 bedroom1BR,1BA$1.87
Susitna Ridge2 BR x 1 BA2BR,1BA$2.12
Chester Park Estates1BD/1BA- Floorplan A1BR,1BA$1.83
(44) West Midtown Village(44) West Midtown Village - 44-10...1BR,1BA$2.08
The Outlook Apartments1 Bedroom Apartment1BR,1BA$2.27
Merrill CrossingStudioStudio ,1BA$2.09

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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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.

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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.

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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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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 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 $1,330.

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

The cheapest apartment in North Star is Merrill Crossing which is listed at $1,100, while the average apartment in North Star costs $1,500.

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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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.

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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.

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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.