3350 Boniface Pkwy
AnchorageAK99504
Cheap Homes for Rent in University Area Anchorage, AK from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the University Area area of Anchorage.
5421 E 42nd Ave
AnchorageAK99508
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.
5419 E 42nd Ave
AnchorageAK99508
3310 Boniface Pkwy
AnchorageAK99504
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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University Area, Anchorage, AK Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in University Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Area 2 Bedroom Homes for Rent | $1,625 | $1,550 | $1,800 |
| University Area 3 Bedroom Homes for Rent | $3,080 | $2,600 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the University Area Neighborhood of Anchorage, AK.
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Best Value Apartments for Rent in University Area, AK
As of June 05, 2026 the best value apartment in the University Area area is the $1.78 price per square foot 2 Beds, 1 Baths Model at Checkmate Plaza in the in the University Area neighborhood starting from $1,600. The second greatest value University Area apartment is the Two Bedroom Model at Deer Park starting at $1,600 with a $1.78 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. |
|---|---|---|---|
| Checkmate Plaza | 2 Beds, 1 Baths | 2BR,1BA | $1.78 |
| Deer Park | Two Bedroom | 2BR,1BA | $1.78 |
| Rancho Tudor | Two Bedroom | 2BR,1BA | $1.86 |
| Ptarmigan Meadows | One bedroom | 1BR,1BA | $2.58 |
| The Greenbriar | Studio | Studio ,1BA | $3.13 |
| College View | Studio | Studio ,1BA | $3.95 |
Frequently Asked Questions about University Area
What type of rentals are currently available in University Area?
There are currently 39 Apartments for Rent in University Area, AK with pricing that ranges from $1,160 to $2,850. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Area ranging from $1,250 to $3,500.
What is the current price range for Rental Homes in University Area?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Area ranges from $1,250 to $3,500 with an average monthly rent of $1,985.
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
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.