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

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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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

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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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
Martha's Vineyard1931 Martha's Vineyard Cir 42BR,1BA$1,700
ReNew Bayshore TownhomesThe Alaska2BR,1BA$2,170

Best Value Apartments for Rent in O'Malley, AK

As of June 17, 2026 the best value apartment in the O'Malley area is the $1.94 price per square foot 1771 Elcadore Dr Model at 1771 Elcadore Dr, Unit Apt 3 in the in the Taku neighborhood starting from $1,950. The second greatest value O'Malley apartment is the The Alaska Model at ReNew Bayshore Townhomes starting at $2,170 with a $2.17 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.
1771 Elcadore Dr, Unit Apt 31771 Elcadore Dr3BR,2BA$1.94
ReNew Bayshore TownhomesThe Alaska2BR,1.5BA$2.17
Martha's Vineyard1931 Martha's Vineyard Cir 42BR,1BA$1.89

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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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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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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.