Cheap Apartments for Rent in the O'Malley Neighborhood of Anchorage, AK from $600 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the O'Malley area of Anchorage.

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9801 Grange Dr
2 Bedroom Apartments

9801 Grange Dr

9801 Grange DrAnchorage, AK 99515
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12641 Landmark St
2 Bedroom Apartments

12641 Landmark St

12641 Landmark StAnchorage, AK 99515

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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1211 Surrey Cir
4 Bedroom Apartments

1211 Surrey Cir

1211 Surrey CirAnchorage, AK 99515
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1251 Balfour Dr
Studio Apartments

1251 Balfour Dr

1251 Balfour DrAnchorage, AK 99515
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9500 Lakewood Ct
Studio Apartments

9500 Lakewood Ct

9500 Lakewood CtAnchorage, AK 99507

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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Lumen Park Apartments
1 to 2 Bedroom Apartments

Lumen Park Apartments

2778 Lumen Park DrAnchorage, AK 99507
Senior Living
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Beluga Flats
Studio to 1 Bedroom Apartments

Beluga Flats

13496 Old Seward HwyAnchorage, AK 99515
  • 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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450-460 Dailey Ave
2 to 4 Bedroom Apartments

450-460 Dailey Ave

450-460 Dailey AveAnchorage, AK 99515
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Access Apartments
1 to 3 Bedroom Apartments

Access Apartments

9200 Independence DrAnchorage, AK 99507
  • Utilities Included
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Dimond
1 to 2 Bedroom Apartments

Dimond

1041 Lingon Berry CtAnchorage, AK 99515

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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Sentry Park
Studio Apartments

Sentry Park

2460-2480 Sentry DrAnchorage, AK 99507
Showing Results 1-30, Page 1 of 1

O'Malley, Anchorage, AK Local Guide

Cheapest Available O'Malley Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Chugach SouthAlaska Range1BR,1BA$1,450
ReNew Bayshore TownhomesThe Alaska2BR,1BA$2,145

Best Value Apartments for Rent in O'Malley, AK

As of May 03, 2026 the best value apartment in the O'Malley area is the $2.15 price per square foot The Alaska Model at ReNew Bayshore Townhomes in the in the Bayshore neighborhood starting from $2,145. The second greatest value O'Malley apartment is the Alaska Range Model at Chugach South starting at $1,450 with a $2.42 price per square foot in the Bayshore neighborhood. Here is today’s list of the best values for O'Malley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ReNew Bayshore TownhomesThe Alaska2BR,1.5BA$2.15
Chugach SouthAlaska Range1BR,1BA$2.42

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Best Local Schools in
O'Malley, Anchorage, AK

School data provided by Great Schools

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.