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$7501 Bedroom Apartment Available Now
2536 Forest Park Dr, Unit 1-2
2536 Forest Park DrAnchorage, AK 99517
Cheap Apartments for Rent in Anchorage Borough, AK from $600 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage Borough.
1140 Cousy Lp
AnchorageAK99504
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$950 - $1,250Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
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$970 - $1,290Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,025 - $1,450Studio to 1 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,100 - $2,395Studio to 2 Bedroom Apartments Available Dec 29
Creekside Manor
7545 Foxridge WayAnchorage, AK 99518
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$1,125 - $1,250Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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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$1,160 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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1046 W 26th Ave
AnchorageAK99503
2720 Coho Way
AnchorageAK99517
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$1,225 - $2,0501 to 4 Bedroom Apartments Available Now
Chester Park Estate
1019 E 20th AveAnchorage, AK 99501
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$1,260 - $1,4151 to 2 Bedroom Apartments Available Now
Central Park Apartments
2300 D StAnchorage, AK 99503
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$1,280 - $1,815Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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$1,285 - $1,560Studio to 2 Bedroom Apartments Available Now
Alpine
5215 Mockingbird DrAnchorage, AK 99507
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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.
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18676 Amonson Rd
AnchorageAK99567
2701 Denali St
AnchorageAK99503
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Anchorage Borough, AK Local Guide
Rufous hummingbird feeding by USFWS Mountain-Prairie is licensed under CC BY 2.0
How much does it cost to rent an apartment in Anchorage Borough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Anchorage Borough Studio Apartments | $1,392 | $900 | $2,025 |
| Anchorage Borough 1 Bedroom Apartments | $1,656 | $750 | $3,508 |
| Anchorage Borough 2 Bedroom Apartments | $1,890 | $758 | $4,166 |
| Anchorage Borough 3 Bedroom Apartments | $2,349 | $1,650 | $5,352 |
| Anchorage Borough 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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Cheapest Available Anchorage Borough Apartments for Rent
The cheapest available apartment rental in Anchorage Borough, AK is a Studio unit found at The Adelaide in the Government Hill neighborhood priced from $865. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Anchorage Borough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Adelaide | Studio | Studio,1BA | $865 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| Panoramic View | Studio | Studio,1BA | $970 |
| Country Lane | Studio | Studio,1BA | $1,025 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| College View | Studio | Studio,1BA | $1,160 |
| The Village at Calais | 1x1 | 1BR,1BA | $1,185 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Anchorage Borough, AK
As of December 21, 2025 the best value apartment in the Anchorage Borough area is the $1.47 price per square foot 7001 Sherwood Ave Model at 7001 Sherwood Ave, Unit 2 in the in the Downtown Anchorage neighborhood starting from $2,200. The second greatest value Anchorage Borough apartment is the 2B/2B Model at Mariners View starting at $2,000 with a $1.41 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Anchorage Borough apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 7001 Sherwood Ave, Unit 2 | 7001 Sherwood Ave | 2BR,1BA | $1.47 |
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| 12107 Horseshoe Dr, Unit 1 | 12107 Horseshoe Dr | 1BR,1BA | $1.69 |
| 1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.29 |
| Creekside Terrace | CS - 2 Bedroom | 2BR,1BA | $1.38 |
| The Glen | Two Bedroom | 2BR,1BA | $1.74 |
| 4404 Forrest Rd, Unit 2 | 4404 Forrest Rd | 2BR,1BA | $1.56 |
| Green Tree Apartments | 1 bedroom bottom | 1BR,1BA | $1.73 |
| Nicole Apartments | Flat | 1BR,1BA | $1.70 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
Frequently Asked Questions about Cheap Anchorage Borough Apartments
What is a cheap apartment in Anchorage Borough?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Anchorage Borough is under $1,225.
What is the price of a cheap apartment in Anchorage Borough?
The cheapest apartment in Anchorage Borough is Panoramic View which is listed at $1,050, while the average apartment in Anchorage Borough costs $5,000.
What types of apartments are the cheapest in Anchorage Borough?
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 8 regular apartments in Anchorage Borough 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 Anchorage Borough?
Cheap apartments in Anchorage Borough have an average cost of $1,098 which is $3,902 cheaper than the average rent for all rentals in Anchorage Borough.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.