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Cheap Apartments for Rent in the Spenard Neighborhood of Anchorage, AK from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spenard area of Anchorage.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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 | $1,485 | $1,125 | $2,025 |
| Spenard 1 Bedroom Apartments | $1,515 | $1,150 | $2,450 |
| Spenard 2 Bedroom Apartments | $1,699 | $1,285 | $2,700 |
| Spenard 3 Bedroom Apartments | $2,166 | $1,595 | $2,850 |
Browse Apartments in this Neighborhood
There are currently 8 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. The Mallary has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. 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 | $1,125 |
| The Mallary | 1 Bed | 1BR,1BA | $1,150 |
| Terrace on the Lake | Blue Winged Teal | Studio,1BA | $1,210 |
Best Value Apartments for Rent in Spenard, AK
As of May 01, 2025 the best value apartment in the Spenard area is the $1.33 price per square foot 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 in the in the Spenard neighborhood starting from $1,595. The second greatest value Spenard apartment is the 2 Bed Model at Hampstead Heath starting at $1,285 with a $1.61 price per square foot in the University Area 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. |
|---|---|---|---|
| 1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Residences at Northwood LLC | The Chugach 1Bd/1Ba | 1BR,1BA | $2.52 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Taiga | One Bedroom | 1BR,1BA | $2.01 |
| Strawberry Lane | Two Bedroom One Bath (A) | 2BR,1BA | $2.24 |
| The Mallary | 1 Bed | 1BR,1BA | $1.94 |
| Terrace on the Lake | Blue Winged Teal | Studio ,1BA | $2.69 |
| Alpine | Studio | Studio ,1BA | $2.83 |
| Castle | Studio X small | Studio ,1BA | $3.30 |
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 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 $1,150 at The Mallary.
What is the lowest price for a Cheap Two Bedroom Spenard Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Spenard is starting from $1,285 at Hampstead Heath.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.