
Cheap Apartments for Rent in Anchorage Borough, AK from $600 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage Borough.


Merrill Crossing

Panoramic View

3400 Eureka St

24046 Pillow Cir

McKinley Tower Apartments

Northwind Apartments

College View

Lumen Park Apartments
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.

West Midtown Pointe

West Midtown Gardens

North Pointe Apartments

Caswell Court

Loussac Place Apartments

Mountain View Apartments

West Midtown Place

Beluga Flats

Northern Lights Manor
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.

West Midtown Village

Casablanca Apartments

Eureka Street Apartments

Smallwood Manor Apartments

2805 W 31st Ave

Creekside at Alyeska

Country Lane

Continental

Independence Park Apartments
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.

Castle

Arctic Gardens

Gill Oscar House

Cedarwood Apartments

5440 E 26th Ave

Arbor Pointe

The Village at Calais

Strawberry Lane

Diamond Willow Apartments
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

How much does it cost to rent an apartment in Anchorage Borough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Anchorage Borough Studio Apartments | $1,449 | $950 | $2,750 |
| Anchorage Borough 1 Bedroom Apartments | $1,726 | $600 | $5,227 |
| Anchorage Borough 2 Bedroom Apartments | $1,983 | $1,175 | $6,463 |
| Anchorage Borough 3 Bedroom Apartments | $2,520 | $1,550 | $5,883 |
Browse Apartments in Anchorage Borough
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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 Panoramic View in the Government Hill neighborhood priced from $975. Country Lane in the Downtown Anchorage neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Anchorage Borough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panoramic View | Studio | Studio,1BA | $975 |
| Country Lane | Studio | Studio,1BA | $1,025 |
| Castle | Studio X small | Studio,1BA | $1,060 |
| Arbor Pointe | Studio | Studio,1BA | $1,130 |
| Northwind Apartments | Studio 3rd floor | Studio,1BA | $1,145 |
| The Village at Calais | 1x1 | 1BR,1BA | $1,185 |
| Susitna Ridge | Studio | Studio,1BA | $1,205 |
| Park Plaza | Studio | Studio,1BA | $1,215 |
| College View | 1 bedroom | 1BR,1BA | $1,220 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Anchorage Borough, AK
As of March 25, 2026 the best value apartment in the Anchorage Borough area is the $1.21 price per square foot 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 in the in the Old Seward Oceanview neighborhood starting from $1,550. The second greatest value Anchorage Borough apartment is the 1805 Dare Ave Model at 1805 Dare Ave, Unit 1 starting at $1,350 with a $1.13 price per square foot in the Old Seward Oceanview 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. |
|---|---|---|---|
| 1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.21 |
| 1805 Dare Ave, Unit 1 | 1805 Dare Ave | 2BR,1BA | $1.13 |
| 8000 E 10th Ave, Unit C | 8000 E 10th Ave | 3BR,1BA | $1.56 |
| Montclair | Large Two bedroom one bath | 2BR,1BA | $1.82 |
| Deer Park | Two Bedroom | 2BR,1BA | $1.78 |
| Arctic Sun | 2x1 900 | 2BR,1BA | $1.76 |
| The Mallary | 2 Bed | 2BR,1BA | $1.75 |
| Tudor Park Apartments | 1 bedroom bottom | 1BR,1BA | $1.81 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| Northwind Apartments | Studio 3rd floor | Studio ,1BA | $1.76 |
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 6 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 $177 which is $4,823 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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.