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Cheap Apartments for Rent in the Spenard Neighborhood of Anchorage, AK from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spenard area of Anchorage.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Spenard, Anchorage, AK Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Spenard?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spenard Studio Apartments | $1,499 | $1,125 | $2,025 |
| Spenard 1 Bedroom Apartments | $1,692 | $1,225 | $2,687 |
| Spenard 2 Bedroom Apartments | $1,741 | $1,250 | $2,875 |
| Spenard 3 Bedroom Apartments | $2,104 | $1,595 | $2,850 |
| Spenard 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Spenard Neighborhood of Anchorage, AK.
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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 $1,125. Chester Park Estate has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here are the most affordable Spenard apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Castle | Studio small | Studio,1BA | $1,125 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| Tudor Park Apartments | 1 bed Bottom | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Spenard, AK
As of June 16, 2025 the best value apartment in the Spenard area is the $1.96 price per square foot The Knik 2Bd/2Ba Model at The Residences at Northwood LLC in the in the Sand Lake neighborhood starting from $2,400. The second greatest value Spenard apartment is the 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 starting at $1,595 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Residences at Northwood LLC | The Knik 2Bd/2Ba | 2BR,2BA | $1.96 |
| 1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
| Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.59 |
| Tudor Park Apartments | 1 bed Bottom | 1BR,1BA | $1.63 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Taiga | One Bedroom | 1BR,1BA | $2.01 |
| Strawberry Lane | Two Bedroom One Bath (A) | 2BR,1BA | $2.42 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
Getting Around the Spenard Neighborhood in Anchorage, AK
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
72 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
38 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Spenard Apartments
What is a cheap apartment in Spenard?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Spenard is under $1,525.
What is the price of a cheap apartment in Spenard?
The cheapest apartment in Spenard is Chester Park Estate which is listed at $1,225, while the average apartment in Spenard costs $2,050.
What types of apartments are the cheapest in Spenard?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Spenard that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Spenard?
Cheap apartments in Spenard have an average cost of $1,205 which is $845 cheaper than the average rent for all rentals in Spenard.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.