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$1,155 - $1,495Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
Cheap Apartments for Rent in the University Area Anchorage, AK from $800 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Area area of Anchorage.
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Rent Specials
$1,375 - $1,944Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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1 to 3 Bedroom Apartments
Colonial Plaza
5419-5421 E 42nd AveAnchorage, AK 99508
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2 Bedroom Apartments
Great 2 bed 1 bath apt at excellent location
3816 Baxter RdAnchorage, AK 99504
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1 Bedroom Apartments
3610 E 42nd Cir
3610 E 42nd CirAnchorage, AK 99508
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3 Bedroom Apartments
3500 E 42nd Ave
3500 E 42nd AveAnchorage, AK 99508
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 2 Bedroom Apartments
Ptarmigan Meadows II
5301 E 26th AveAnchorage, AK 99508
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1 Bedroom Apartments
5210 E 22nd Ave
5210 E 22nd AveAnchorage, AK 99508
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Studio Apartments
2627 Glacier St
2627 Glacier StAnchorage, AK 99508
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1 to 2 Bedroom Apartments
5223-5233 E 24th Ave
5223-5233 E 24th AveAnchorage, AK 99508
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1 Bedroom Apartments
4235 McLean Pl
4235 McLean PlAnchorage, AK 99504
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1 to 2 Bedroom Apartments
3430 E 42nd Ave
3430 E 42nd AveAnchorage, AK 99508
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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3 Bedroom Apartments
3510 E 42nd Ave
3510 E 42nd AveAnchorage, AK 99508
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2 to 3 Bedroom Apartments
6200 E 41st Ct
6200 E 41st CtAnchorage, AK 99504
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2 Bedroom Apartments
3400 E 42nd Ave
3400 E 42nd AveAnchorage, AK 99508
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1 Bedroom Apartments
4308 Baxter Rd
4308 Baxter RdAnchorage, AK 99504
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2 Bedroom Apartments
3325 Boniface Pky
3325 Boniface PkyAnchorage, AK 99504
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Studio Apartments
2429 Forget Me Not Ln
2429 Forget Me Not LnAnchorage, AK 99508
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 Bedroom Apartments
5215 E 26th Ave
5215 E 26th AveAnchorage, AK 99508
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2 to 3 Bedroom Apartments
2232 Maudest Pl
2232 Maudest PlAnchorage, AK 99508
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Studio to 2 Bedroom Apartments
5440 E 26th Ave
5440 E 26th AveAnchorage, AK 99508
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1 to 2 Bedroom Apartments
Tudor East Apartments
6135 E Tudor RdAnchorage, AK 99507
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1 Bedroom Apartments
Campbell Creek Manor
2660 Happy LnAnchorage, AK 99507
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1 to 3 Bedroom Apartments
Casablanca Apartments
4318-4320 Checkmate DrAnchorage, AK 99508
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.
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2 Bedroom Apartments
Checkmate Plaza
3410 Boniface PkyAnchorage, AK 99504
Showing Results 1-25, Page 1 of 1
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 | $1,265 | $1,155 | $1,375 |
| University Area 1 Bedroom Apartments | $1,391 | $1,255 | $1,615 |
| University Area 2 Bedroom Apartments | $1,915 | $1,495 | $3,100 |
Browse Apartments in this Neighborhood
There are currently 25 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 College View priced from $1,155. Ptarmigan Meadows has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,299. Here are the most affordable University Area apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College View | Studio | Studio,1BA | $1,155 |
| Ptarmigan Meadows | One bedroom | 1BR,1BA | $1,299 |
| Deer Park | Two Bedroom | 2BR,1BA | $1,590 |
| Checkmate Plaza | 2 Beds, 1 Baths | 2BR,1BA | $1,600 |
Best Value Apartments for Rent in University Area, AK
As of July 29, 2026 the best value apartment in the University Area area is the $1.72 price per square foot Two Bedroom Model at The Greenbriar in the in the University Area neighborhood starting from $1,644. The second greatest value University Area apartment is the Two Bedroom Model at Deer Park starting at $1,590 with a $1.77 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. |
|---|---|---|---|
| The Greenbriar | Two Bedroom | 2BR,1BA | $1.72 |
| Deer Park | Two Bedroom | 2BR,1BA | $1.77 |
| Checkmate Plaza | 2 Beds, 1 Baths | 2BR,1BA | $1.78 |
| Ptarmigan Meadows | One bedroom | 1BR,1BA | $2.58 |
| College View | Studio | Studio ,1BA | $3.93 |
Frequently Asked Questions about Cheap University Area Apartments
What is the Cheapest Studio apartment in University Area?
Currently the most affordable Cheap Studio Apartment in University Area is at College View listed at $1,155.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.
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.