
Cheap Homes for Rent in O'Malley Neighborhood of Anchorage, AK from $1,200 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the O'Malley area of Anchorage.

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.

10250 Jamestown Dr
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.
O'Malley, Anchorage, AK Local Guide

How much does it cost to rent a home in O'Malley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| O'Malley 2 Bedroom Homes for Rent | $1,775 | $1,750 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the O'Malley Neighborhood of Anchorage, AK.
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O'Malley, Anchorage, AK Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1771 Elcadore Dr, Unit Apt 3 | 1771 Elcadore Dr | 3BR,2BA | $1.94 |
| ReNew Bayshore Townhomes | The Alaska | 2BR,1.5BA | $2.17 |
| Martha's Vineyard | 1931 Martha's Vineyard Cir 4 | 2BR,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.
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.
Best Local Schools in O'Malley, Anchorage, AK
School data provided by Great Schools
Frequently Asked Questions about O'Malley
What type of rentals are currently available in O'Malley?
There are currently 34 Apartments for Rent in O'Malley, AK with pricing that ranges from $1,700 to $1,750. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in O'Malley ranging from $1,200 to $1,800.
What is the current price range for Rental Homes in O'Malley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in O'Malley ranges from $1,200 to $1,800 with an average monthly rent of $1,629.
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

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.

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.

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.

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.