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Cheap Apartments for Rent in the University Area Anchorage, AK from $800 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Area area of Anchorage.
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from $1,120Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
Navigating the Rental Market: Tips for First-Time Renters
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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5439 E 32nd Ave
AnchorageAK99504
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University Area, Anchorage, AK Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in University Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Area Studio Apartments | $1,179 | $925 | $1,285 |
| University Area 1 Bedroom Apartments | $1,393 | $1,075 | $2,370 |
| University Area 2 Bedroom Apartments | $1,595 | $1,175 | $2,300 |
| University Area 3 Bedroom Apartments | $2,487 | $2,295 | $2,660 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the University Area Neighborhood of Anchorage, AK.
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Cheapest Available University Area Apartments for Rent
The cheapest available apartment rental in the University Area area of Anchorage, AK is a Studio unit found at Panoramic View priced from $925. College View has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here are the most affordable University Area apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panoramic View | Studio | Studio,1BA | $925 |
| College View | Studio | Studio,1BA | $1,120 |
| The Greenbriar | Studio | Studio,1BA | $1,225 |
Best Value Apartments for Rent in University Area, AK
As of May 01, 2025 the best value apartment in the University Area area is the $2.15 price per square foot 3 bed singlewide Model at Four Seasons in the in the University Area neighborhood starting from $2,295. The second greatest value University Area apartment is the 5657 Gate Keeper Ave Model at 5657 Gate Keeper Ave, Unit Duplex starting at $1,850 with a $1.95 price per square foot in the University Area neighborhood. Here is today’s list of the best values for University Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Four Seasons | 3 bed singlewide | 3BR,2BA | $2.15 |
| 5657 Gate Keeper Ave, Unit Duplex | 5657 Gate Keeper Ave | 2BR,1BA | $1.95 |
| 5521 E 38th Ct, Unit 1 | 5521 E 38th Ct | 2BR,1BA | $2.00 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| Panoramic View | Studio | Studio ,1BA | $2.06 |
| Alpine | Studio | Studio ,1BA | $2.83 |
| The Greenbriar | Studio | Studio ,1BA | $2.90 |
| College View | Studio | Studio ,1BA | $3.81 |
Getting Around the University Area Neighborhood in Anchorage, AK
Walk Score®
47 / 100
Car-Dependent
Most errands require a car
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
39 / 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 University Area Apartments
What is a cheap apartment in University Area?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Area is under $1,949.
What is the price of a cheap apartment in University Area?
The cheapest apartment in University Area is Panoramic View which is listed at $1,075, while the average apartment in University Area costs $2,497.
What types of apartments are the cheapest in University Area?
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 7 regular apartments in University Area 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 University Area?
Cheap apartments in University Area have an average cost of $175 which is $2,322 cheaper than the average rent for all rentals in University Area.
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.