Cheap Apartments for Rent in the Spenard Neighborhood of Anchorage, AK from $700 (33 Rentals)

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

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5304 Cope St
4 Bedroom Apartments

5304 Cope St

5304 Cope StAnchorage, AK 99518
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Monroe Apartments
1 to 2 Bedroom Apartments

Monroe Apartments

2605-2609 W 33rd AveAnchorage, AK 99517
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3505 Iowa St
2 Bedroom Apartments

3505 Iowa St

3505 Iowa StAnchorage, AK 99517
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4107 Cope St
1 Bedroom Apartments

4107 Cope St

4107 Cope StAnchorage, AK 99503
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3901 Northwood Dr
1 to 3 Bedroom Apartments

3901 Northwood Dr

3901 Northwood DrAnchorage, AK 99517

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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1105 W Tudor Rd
1 Bedroom Apartments

1105 W Tudor Rd

1105 W Tudor RdAnchorage, AK 99503
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2802 Turnagain St
1 Bedroom Apartments

2802 Turnagain St

2802 Turnagain StAnchorage, AK 99517
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2805 W 33rd Ave
2 to 3 Bedroom Apartments

2805 W 33rd Ave

2805 W 33rd AveAnchorage, AK 99517
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3503 Indiana St
1 to 3 Bedroom Apartments

3503 Indiana St

3503 Indiana StAnchorage, AK 99503
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1403 W 32nd Ave
1 Bedroom Apartments

1403 W 32nd Ave

1403 W 32nd AveAnchorage, AK 99503
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4202 Hayes St
Studio Apartments

4202 Hayes St

4202 Hayes StAnchorage, AK 99503
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1100 W 30th Ave
Studio Apartments

1100 W 30th Ave

1100 W 30th AveAnchorage, AK 99503
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4Plex
1 Bedroom Apartments

4Plex

3505 Wyoming DrAnchorage, AK 99517

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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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808 W 29th Pl
1 to 3 Bedroom Apartments

808 W 29th Pl

808 W 29th PlAnchorage, AK 99503
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3703 Lois Dr
Studio to 2 Bedroom Apartments

3703 Lois Dr

3703 Lois DrAnchorage, AK 99517
  • Utilities Included
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3202 Doris St
Studio Apartments

3202 Doris St

3202 Doris StAnchorage, AK 99517
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Garfield Manor
2 Bedroom Apartments

Garfield Manor

4103-4105 Garfield StAnchorage, AK 99503
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Cedarwood Apartments
Studio to 1 Bedroom Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
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Nicole Apartments
Studio to 1 Bedroom Apartments

Nicole Apartments

1046 W 26th AveAnchorage, AK 99503
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West Midtown Gardens
Studio to 1 Bedroom Apartments

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
  • 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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West Midtown Place
1 Bedroom Apartments

West Midtown Place

1023 W 26th AveAnchorage, AK 99503
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Northern Lights Manor
1 to 2 Bedroom Apartments

Northern Lights Manor

1353 W 27th AveAnchorage, AK 99503
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West Midtown Village
Studio to 1 Bedroom Apartments

West Midtown Village

1414 W 26th AveAnchorage, AK 99503
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3600 Spenard Rd
1 Bedroom Apartments

3600 Spenard Rd

3600 Spenard RdAnchorage, AK 99503
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West Midtown Pointe
Studio Apartments

West Midtown Pointe

1425 W 27th AveAnchorage, AK 99503
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2805 W 31st Ave
2 Bedroom Apartments

2805 W 31st Ave

2805 W 31st AveAnchorage, AK 99517
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5308 Arctic Blvd
1 to 2 Bedroom Apartments

5308 Arctic Blvd

5308 Arctic BlvdAnchorage, AK 99518
  • 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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Buscemi Apartments
Studio to 1 Bedroom Apartments

Buscemi Apartments

1400 W 25th AveAnchorage, AK 99503
  • Utilities Included

Cheapest Available Spenard Apartments for Rent

 

The cheapest available apartment rental in the Spenard area of Anchorage, AK is a Studio unit found at Castle priced from $1,090. Arbor Pointe has the second lowest priced unit, which is a Studio apartment currently listed from $1,130. Here are the most affordable Spenard apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
CastleStudio smallStudio,1BA$1,090
Arbor PointeStudioStudio,1BA$1,130
Nicole ApartmentsFlat1BR,1BA$1,327
Terrace on the LakeBlue Winged TealStudio,1BA$1,360
La Maisonnette1BR1BR,1BA$1,500

Best Value Apartments for Rent in Spenard, AK

As of May 28, 2026 the best value apartment in the Spenard area is the $1.77 price per square foot Flat Model at Nicole Apartments in the in the Spenard neighborhood starting from $1,327. The second greatest value Spenard apartment is the 1BR Model at La Maisonnette starting at $1,500 with a $2.78 price per square foot in the Spenard neighborhood. Here is today’s list of the best values for Spenard apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nicole ApartmentsFlat1BR,1BA$1.77
La Maisonnette1BR1BR,1BA$2.78
Terrace on the LakeBlue Winged TealStudio ,1BA$3.02
Arbor PointeStudioStudio ,1BA$2.69
CastleStudio smallStudio ,1BA$2.66

Frequently Asked Questions about Cheap Spenard Apartments

What is the Cheapest Studio apartment in Spenard?

Currently the most affordable Cheap Studio Apartment in Spenard is at Castle listed at $1,090.

How much is rent for a Cheap One Bedroom Spenard Apartment?

The lowest price for a Cheap One Bedroom Spenard Apartment is $1,100 at Castle.

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.

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

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