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$1,160 - $1,230Studio 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 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Area area of Anchorage.
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Rent Specials
$1,325 - $1,705Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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1 Bedroom Apartments
3610 E 42nd Cir
3610 E 42nd CirAnchorage, 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 to 3 Bedroom Apartments
Colonial Plaza
5419-5421 E 42nd AveAnchorage, AK 99508
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3 Bedroom Apartments
3500 E 42nd Ave
3500 E 42nd AveAnchorage, 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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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 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
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1 to 2 Bedroom Apartments
5223-5233 E 24th Ave
5223-5233 E 24th AveAnchorage, AK 99508
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.
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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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Studio to 2 Bedroom Apartments
5440 E 26th Ave
5440 E 26th AveAnchorage, AK 99508
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1 Bedroom Apartments
Campbell Creek Manor
2660 Happy LnAnchorage, AK 99507
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1 to 2 Bedroom Apartments
Tudor East Apartments
6135 E Tudor RdAnchorage, AK 99507
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1 to 3 Bedroom Apartments
Casablanca Apartments
4318-4320 Checkmate DrAnchorage, AK 99508
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.
Showing Results 1-18, 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 | $1,230 | $1,160 | $1,325 |
| University Area 1 Bedroom Apartments | $1,414 | $1,220 | $1,705 |
| University Area 2 Bedroom Apartments | $1,550 | $1,549 | $1,554 |
| University Area 3 Bedroom Apartments | $2,647 | $2,400 | $2,895 |
| University Area 4 Bedroom Apartments | $3,200 | $3,200 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 18 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 $1,160. Rancho Tudor has the second lowest priced unit, which is a Studio apartment currently listed from $1,225. 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 | $1,160 |
| Rancho Tudor | Studio | Studio,1BA | $1,225 |
| Ptarmigan Meadows | One bedroom | 1BR,1BA | $1,264 |
| The Greenbriar | Studio | Studio,1BA | $1,325 |
| Deer Park | Two Bedroom | 2BR,1BA | $1,600 |
Best Value Apartments for Rent in University Area, AK
As of April 29, 2026 the best value apartment in the University Area area is the $1.78 price per square foot Two Bedroom Model at Deer Park in the in the University Area neighborhood starting from $1,600. The second greatest value University Area apartment is the One bedroom Model at Ptarmigan Meadows starting at $1,264 with a $2.51 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. |
|---|---|---|---|
| Deer Park | Two Bedroom | 2BR,1BA | $1.78 |
| Ptarmigan Meadows | One bedroom | 1BR,1BA | $2.51 |
| Rancho Tudor | Studio | Studio ,1BA | $2.66 |
| The Greenbriar | Studio | Studio ,1BA | $3.13 |
| College View | Studio | Studio ,1BA | $3.95 |
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 $1,160.
How much is rent for a Cheap One Bedroom University Area Apartment?
The lowest price for a Cheap One Bedroom University Area Apartment is $1,220 at College View.
What is the lowest price for a Cheap Two Bedroom University Area Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in University Area is starting from $1,539 at The Greenbriar.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.