
Cheap Apartments for Rent in the North Star Neighborhood of Anchorage, AK from $700 (49 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

Total Monthly Price
914 W 23rd Ave, Unit Cute Studio for Singles

Merrill Crossing

City View

Chester Park Estate

Susitna Ridge

Northwind Apartments
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.

618 Gambell St, Unit 23

Central Park Apartments

618 Gambell St, Unit 32

618 Gambell St, Unit 31

1441 E 12th Ave

McKinley Tower Apartments

1101 Eagle St

523 E 12th Ave

Total Monthly Price
1033 Juneau St, Unit 1033
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.

512 E 15th Ave

1024 E 12th Ave, Unit 3

523 E 12th Ave, Unit Studio

Block 96

1219 W 6th Ave

West Midtown Pointe

Loussac Place Apartments

West Midtown Place

The Adelaide
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.

Gill Oscar House

Cedarwood Apartments

1462 W 26th Ave, Unit 19

Arbor Pointe

(44) West Midtown Village

The Alaskan

Park Plaza

Ladera Villa

The Outlook Apartments
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.

Nicole Apartments

Hillside Chalet

Hillcrest Apartments

827 E 11th Ave

Taiga

Kings Court

Century Plaza

516 E 10th Ave

La Maisonnette
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.

1515 Nelchina St

505 W 2nd Ave

Downtown Classics

Park Plaza II
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 | $1,516 | $700 | $2,175 |
| North Star 1 Bedroom Apartments | $1,512 | $700 | $2,600 |
| North Star 2 Bedroom Apartments | $2,217 | $1,425 | $4,000 |
| North Star 3 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 49 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 Merrill Crossing priced from $950. The Adelaide has the second lowest priced unit, which is a Studio apartment currently listed from $1,062. Here are the most affordable North Star apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Merrill Crossing | Studio | Studio,1BA | $950 |
| The Adelaide | Studio | Studio,1BA | $1,062 |
| Arbor Pointe | Studio | Studio,1BA | $1,130 |
| (44) West Midtown Village | (44) West Midtown Village - 44-31... | 1BR,1BA | $1,150 |
| The Alaskan | Studio | Studio,1BA | $1,160 |
| City View | Studio | Studio,1BA | $1,170 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| Ladera Villa | Studio | Studio,1BA | $1,275 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,310 |
Best Value Apartments for Rent in North Star, AK
As of July 25, 2026 the best value apartment in the North Star area is the $1.55 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,200. The second greatest value North Star apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,650 with a $1.69 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. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.55 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.69 |
| 827 E 11th Ave | 2 Beds, 1 Baths | 2BR,1BA | $1.50 |
| Nicole Apartments | Flat | 1BR,1BA | $1.77 |
| Hillside Chalet | 1 bedroom | 1BR,1BA | $1.87 |
| Taiga | One Bedroom | 1BR,1BA | $2.03 |
| Susitna Ridge | 2 BR x 1 BA | 2BR,1BA | $2.10 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| (44) West Midtown Village | (44) West Midtown Village - 44-31... | 1BR,1BA | $1.92 |
| Merrill Crossing | Studio | Studio ,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.
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 $1,310.
What is the price of a cheap apartment in North Star?
The cheapest apartment in North Star is Merrill Crossing which is listed at $1,000, while the average apartment in North Star costs $2,275.
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 3 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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.