
Cheap Homes for Rent in Spenard Neighborhood of Anchorage, AK from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Spenard area of Anchorage.


5303 Eielson St

816 W 23rd Ave
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.

3209 Lois Dr

2841 W 29th Ave

1808 Cleveland Ave
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 a home in Spenard?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spenard 2 Bedroom Homes for Rent | $1,833 | $1,500 | $2,000 |
| Spenard 3 Bedroom Homes for Rent | $1,908 | $1,525 | $2,200 |
| Spenard 4 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Spenard Neighborhood of Anchorage, AK.
Explore 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 $1,100. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Castle | Studio X small | Studio,1BA | $1,100 |
| Arbor Pointe | Studio | Studio,1BA | $1,130 |
| Nicole Apartments | Studio | Studio,1BA | $1,205 |
Best Value Apartments for Rent in Spenard, AK
As of October 26, 2025 the best value apartment in the Spenard area is the $1.74 price per square foot Flat Model at Nicole Apartments in the in the Spenard neighborhood starting from $1,307. The second greatest value Spenard apartment is the 1030 W 26th Ave Model at 1030 W 26th Ave, Unit 1 starting at $1,700 with a $2.27 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. |
|---|---|---|---|
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| 1030 W 26th Ave, Unit 1 | 1030 W 26th Ave | 2BR,1BA | $2.27 |
| Terrace on the Lake | The Mallard Furnished | 1BR,1BA | $3.12 |
| La Maisonnette | 1BR | 1BR,1BA | $2.69 |
| 2912 W 33rd Ave, Unit 3 | 2912 W 33rd Ave | 1BR,1BA | $2.80 |
| Arbor Pointe | Studio | Studio ,1BA | $2.69 |
| 1902 W 33rd Ave, Unit 1 | 1902 W 33rd Ave | Studio ,1BA | $2.00 |
| Castle | Studio X small | Studio ,1BA | $3.33 |
Frequently Asked Questions about Spenard
What type of rentals are currently available in Spenard?
There are currently 94 Apartments for Rent in Spenard, AK with pricing that ranges from $750 to $5,178. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spenard ranging from $1,250 to $3,300.
What is the current price range for Rental Homes in Spenard?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Spenard ranges from $1,250 to $3,300 with an average monthly rent of $2,072.
How much are larger Three and Four Bedroom Rentals in Spenard?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Spenard range from $2,000 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $2,200. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $5,178.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

