Cheap Apartments for Rent in the Spenard Neighborhood of Anchorage, AK from $700 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
3505 Iowa St
2 Bedroom Apartments

3505 Iowa St

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

4107 Cope St

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

3901 Northwood Dr

3901 Northwood DrAnchorage, AK 99517
close
View Me
5304 Cope St
4 Bedroom Apartments

5304 Cope St

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

Monroe Apartments

2605-2609 W 33rd AveAnchorage, AK 99517
close
View Me
2802 Turnagain St
1 Bedroom Apartments

2802 Turnagain St

2802 Turnagain StAnchorage, 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.

close
View Me
2805 W 33rd Ave
2 to 3 Bedroom Apartments

2805 W 33rd Ave

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

3503 Indiana St

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

1403 W 32nd Ave

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

4202 Hayes St

4202 Hayes StAnchorage, AK 99503
close
View Me
1105 W Tudor Rd
1 Bedroom Apartments

1105 W Tudor Rd

1105 W Tudor RdAnchorage, AK 99503
close
View Me
4Plex
1 Bedroom Apartments

4Plex

3505 Wyoming DrAnchorage, AK 99517
close
View Me
808 W 29th Pl
1 to 3 Bedroom Apartments

808 W 29th Pl

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

3703 Lois Dr

3703 Lois DrAnchorage, AK 99517
  • Utilities Included

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.

close
View Me
3202 Doris St
Studio Apartments

3202 Doris St

3202 Doris StAnchorage, AK 99517
close
View Me
Garfield Manor
2 Bedroom Apartments

Garfield Manor

4103-4105 Garfield StAnchorage, AK 99503
close
View Me
1100 W 30th Ave
Studio Apartments

1100 W 30th Ave

1100 W 30th AveAnchorage, AK 99503
close
View Me
Cedarwood Apartments
Studio to 1 Bedroom Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
  • Utilities Included
close
View Me
Nicole Apartments
Studio to 1 Bedroom Apartments

Nicole Apartments

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

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
  • Utilities Included
close
View Me
West Midtown Place
1 Bedroom Apartments

West Midtown Place

1023 W 26th 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.

close
View Me
Northern Lights Manor
1 to 2 Bedroom Apartments

Northern Lights Manor

1353 W 27th AveAnchorage, AK 99503
  • Utilities Included
close
View Me
West Midtown Village
Studio to 1 Bedroom Apartments

West Midtown Village

1414 W 26th AveAnchorage, AK 99503
  • Utilities Included
close
View Me
3600 Spenard Rd
1 Bedroom Apartments

3600 Spenard Rd

3600 Spenard RdAnchorage, AK 99503
  • Utilities Included
close
View Me
West Midtown Pointe
Studio Apartments

West Midtown Pointe

1425 W 27th AveAnchorage, AK 99503
  • Utilities Included
close
View Me
2805 W 31st Ave
2 Bedroom Apartments

2805 W 31st Ave

2805 W 31st AveAnchorage, AK 99517
  • Utilities Included
close
View Me
5308 Arctic Blvd
1 to 2 Bedroom Apartments

5308 Arctic Blvd

5308 Arctic BlvdAnchorage, AK 99518
  • Utilities Included
close
View Me
Buscemi Apartments
Studio to 1 Bedroom Apartments

Buscemi Apartments

1400 W 25th AveAnchorage, AK 99503
  • 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.

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 ListingModel NameBed/BathPriced From
CastleStudio X smallStudio,1BA$1,095
Nicole ApartmentsFlat1BR,1BA$1,275
Terrace on the LakeBlue Winged TealStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Nicole ApartmentsFlat1BR,1BA$1.70
Terrace on the LakeBlue Winged TealStudio ,1BA$3.02
CastleStudio X smallStudio ,1BA$3.32
914 W 23rd Ave, Unit Cute Studio for Singles914 W 23rd AveStudio ,1BA$4.38

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 $1,095.

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

The lowest price for a Cheap One Bedroom Spenard Apartment is $1,135 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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.