
Cheap Homes for Rent in the O'Malley Neighborhood of Anchorage, AK from $3,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the O'Malley area of Anchorage.

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.

12761 Rivulet Cir
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.

6841 Crooked Tree Dr
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 3 Bedroom Homes for Rent | $3,466 | $3,000 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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 August 02, 2026 the best value apartment in the O'Malley area is the $2.17 price per square foot The Alaska Model at ReNew Bayshore Townhomes in the in the Bayshore neighborhood starting from $2,170. The second greatest value O'Malley apartment is the 1931 Martha's Vineyard Cir 4 Model at Martha's Vineyard starting at $1,700 with a $1.89 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. |
|---|---|---|---|
| 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 36 Apartments for Rent in O'Malley, AK with pricing that ranges from $1,700 to $2,495. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in O'Malley ranging from $3,000 to $3,800.
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 $3,000 to $3,800 with an average monthly rent of $3,466.
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.

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.

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.