Cheap Homes for Rent in Spenard Neighborhood of Anchorage, AK from $900 (5 Rentals)

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

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.

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 $1,100. 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 ListingModel NameBed/BathPriced From
CastleStudio X smallStudio,1BA$1,100
Arbor PointeStudioStudio,1BA$1,130
Terrace on the LakeBlue Winged TealStudio,1BA$1,360

Best Value Apartments for Rent in Spenard, AK

As of March 20, 2026 the best value apartment in the Spenard area is the $2.69 price per square foot 1BR Model at La Maisonnette in the in the Spenard neighborhood starting from $1,450. 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.
La Maisonnette1BR1BR,1BA$2.69
Terrace on the LakeBlue Winged TealStudio ,1BA$3.02
Arbor PointeStudioStudio ,1BA$2.69
CastleStudio X smallStudio ,1BA$3.33

Frequently Asked Questions about Spenard

What type of rentals are currently available in Spenard?

There are currently 87 Apartments for Rent in Spenard, AK with pricing that ranges from $1,205 to $2,795. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spenard ranging from $950 to $2,000.

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 $950 to $2,000 with an average monthly rent of $1,608.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.