
Cheap Homes for Rent in University Area Anchorage, AK from $1,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the University Area area of Anchorage.

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.

3310 Boniface Pkwy
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

5419 E 42nd Ave
University Area, Anchorage, AK Local Guide

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 | $2,066 | $1,250 | $3,400 |
University Area 3 Bedroom Homes for Rent | $2,300 | $1,650 | $2,950 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the University Area Neighborhood of Anchorage, AK.
Explore Anchorage
Best Value Apartments for Rent in University Area, AK
As of July 10, 2025 the best value apartment in the University Area area is the $2.38 price per square foot One Bedroom Model at The Greenbriar in the in the University Area neighborhood starting from $1,450. The second greatest value University Area apartment is the Studio Model at College View starting at $1,099 with a $3.74 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 | One Bedroom | 1BR,1BA | $2.38 |
College View | Studio | Studio ,1BA | $3.74 |
Frequently Asked Questions about University Area
What type of rentals are currently available in University Area?
There are currently 34 Apartments for Rent in University Area, AK with pricing that ranges from $1,099 to $2,200. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Area ranging from $1,200 to $3,400.
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 $1,200 to $3,400 with an average monthly rent of $1,855.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.