
Cheap Apartments for Rent in the Spenard Neighborhood of Anchorage, AK from $700 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spenard area of Anchorage.


Terrace on the Lake

3505 Iowa St

4107 Cope St

3901 Northwood Dr

5304 Cope St

Monroe Apartments

2802 Turnagain St
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.

2805 W 33rd Ave

3503 Indiana St

1403 W 32nd Ave

4202 Hayes St

1105 W Tudor Rd

4Plex

808 W 29th Pl

3703 Lois 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.

3202 Doris St

Garfield Manor

Midtown Center Mobile Home Park

1100 W 30th Ave

Cedarwood Apartments

Nicole Apartments

West Midtown Gardens

West Midtown Place
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.

Northern Lights Manor

West Midtown Village

3600 Spenard Rd

Thirteen Ten West 32nd

West Midtown Pointe

2805 W 31st Ave

5308 Arctic Blvd

Buscemi Apartments
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.
Spenard, Anchorage, AK Local Guide

How much does it cost to rent an apartment in Spenard?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spenard Studio Apartments | $1,163 | $875 | $1,380 |
| Spenard 1 Bedroom Apartments | $1,332 | $1,135 | $2,200 |
| Spenard 2 Bedroom Apartments | $2,656 | $1,410 | $5,830 |
| Spenard 3 Bedroom Apartments | $11,498 | $2,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Spenard Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
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 $1,095. Nicole Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here are the most affordable Spenard apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Castle | Studio X small | Studio,1BA | $1,095 |
| Nicole Apartments | Flat | 1BR,1BA | $1,275 |
| Terrace on the Lake | Blue Winged Teal | Studio,1BA | $1,360 |
Best Value Apartments for Rent in Spenard, AK
As of July 13, 2026 the best value apartment in the Spenard area is the $1.70 price per square foot Flat Model at Nicole Apartments in the in the Spenard neighborhood starting from $1,275. The second greatest value Spenard apartment is the Blue Winged Teal Model at Terrace on the Lake starting at $1,360 with a $3.02 price per square foot in the Sand Lake neighborhood. Here is today’s list of the best values for Spenard apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Nicole Apartments | Flat | 1BR,1BA | $1.70 |
| Terrace on the Lake | Blue Winged Teal | Studio ,1BA | $3.02 |
| Castle | Studio X small | Studio ,1BA | $3.32 |
| 914 W 23rd Ave, Unit Cute Studio for Singles | 914 W 23rd Ave | Studio ,1BA | $4.38 |
Frequently Asked Questions about Cheap Spenard Apartments
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

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.

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.