
Cheap Apartments for Rent in the North Star Neighborhood of Anchorage, AK from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Star area of Anchorage.


612 E 14th Ave, Unit 07

612 E 14th Ave, Unit 30

Merrill Crossing

McKinley Tower Apartments

City View

Chester Park Estates

Susitna Ridge
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Northwind Apartments

Central Park Apartments

1025 E 10th Ave

523 E 12th Ave, Unit Studio

537 E 24th Ave

1555 Latouche St

1618 E St

1024 E 12th Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1101 Eagle St

West Midtown Pointe

Loussac Place Apartments

West Midtown Place

Milepost O Apartments

1335 Hyder Street

The Adelaide

Gill Oscar House
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Cedarwood Apartments

1462 W 26th Ave, Unit 19

Arbor Pointe

(44) West Midtown Village

The Alaskan

Nicole Apartments

The Outlook Apartments

Park Plaza
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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.

Hillside Chalet

Hillcrest Apartments

827 E 11th Ave

Ladera Villa

Taiga

La Maisonnette

Century Plaza

1515 Nelchina St
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505 W 2nd Ave

2201 Romig Pl

1126 E 16th Ave

Downtown Classics
North Star, Anchorage, AK Local Guide

How much does it cost to rent an apartment in North Star?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Star Studio Apartments | $1,488 | $700 | $2,175 |
| North Star 1 Bedroom Apartments | $1,469 | $700 | $2,600 |
| North Star 2 Bedroom Apartments | $1,962 | $1,350 | $3,500 |
| North Star 3 Bedroom Apartments | $1,937 | $1,800 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the North Star Neighborhood of Anchorage, AK.
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North Star, Anchorage, AK Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| Merrill Crossing | Studio | Studio,1BA | $900 |
| The Adelaide | Studio | Studio,1BA | $1,062 |
| Arbor Pointe | Studio | Studio,1BA | $1,130 |
| City View | Studio | Studio,1BA | $1,145 |
| The Alaskan | Studio | Studio,1BA | $1,150 |
| (44) West Midtown Village | (44) West Midtown Village - 44-31... | 1BR,1BA | $1,150 |
| Chester Park Estates | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| Nicole Apartments | Flat | 1BR,1BA | $1,325 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1054 W 20th Ave, Unit 4 | 1054 W 20th Ave | 3BR,1BA | $1.96 |
| 221-243 W 13th Avenue | 2BR/1.5BA | 2BR,1.5BA | $2.10 |
| Nicole Apartments | Flat | 1BR,1BA | $1.77 |
| 1024 E 12th Ave | 1024 E 12th Ave | 2BR,1BA | $2.29 |
| Hillside Chalet | 1 bedroom | 1BR,1BA | $1.87 |
| Susitna Ridge | 2 BR x 1 BA | 2BR,1BA | $2.12 |
| Chester Park Estates | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| (44) West Midtown Village | (44) West Midtown Village - 44-10... | 1BR,1BA | $2.08 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $2.27 |
| Merrill Crossing | Studio | Studio ,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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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.
Read ArticleQuick 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.
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

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.

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.

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.

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.