Cheap Apartments for Rent in Anchorage Borough, AK from $600 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Anchorage Borough.

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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Lumen Park Apartments
1 to 2 Bedroom Apartments

Lumen Park Apartments

2778 Lumen Park DrAnchorage, AK 99507
Senior Living
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West Midtown Pointe
Studio Apartments

West Midtown Pointe

1425 W 27th AveAnchorage, AK 99503
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West Midtown Gardens
Studio to 1 Bedroom Apartments

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
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Caswell Court
1 to 2 Bedroom Apartments

Caswell Court

Centennial CirAnchorage, AK 99504
Senior Living
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Mountain View Apartments
1 to 2 Bedroom Apartments

Mountain View Apartments

185 Rideline LoopAnchorage, AK 99508
Senior Living
  • Utilities Included

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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West Midtown Place
1 Bedroom Apartments

West Midtown Place

1023 W 26th AveAnchorage, AK 99503
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Beluga Flats
Studio to 1 Bedroom Apartments

Beluga Flats

13496 Old Seward HwyAnchorage, AK 99515
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Northern Lights Manor
1 to 2 Bedroom Apartments

Northern Lights Manor

1353 W 27th AveAnchorage, AK 99503
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West Midtown Village
Studio to 1 Bedroom Apartments

West Midtown Village

1414 W 26th AveAnchorage, AK 99503
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Casablanca Apartments
1 to 3 Bedroom Apartments

Casablanca Apartments

4318-4320 Checkmate DrAnchorage, AK 99508
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The Adelaide
Studio to 1 Bedroom Apartments

The Adelaide

201 E 9th AveAnchorage, AK 99501
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2805 W 31st Ave
2 Bedroom Apartments

2805 W 31st Ave

2805 W 31st AveAnchorage, AK 99517
  • Utilities Included

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 Alaskan
Studio to 2 Bedroom Apartments

The Alaskan

102-110 E 11th AveAnchorage, AK 99501
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Arctic Gardens
1 to 3 Bedroom Apartments

Arctic Gardens

7211 Meadow StAnchorage, AK 99507
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Gill Oscar House
1 Bedroom Apartments

Gill Oscar House

1344 W 10th AveAnchorage, AK 99501
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Cedarwood Apartments
Studio to 1 Bedroom Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
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5440 E 26th Ave
Studio to 2 Bedroom Apartments

5440 E 26th Ave

5440 E 26th AveAnchorage, AK 99508
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Arbor Pointe
Studio to 1 Bedroom Apartments

Arbor Pointe

1473 W 25th AveAnchorage, AK 99503
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Conifer Grove
Studio to 3 Bedroom Apartments

Conifer Grove

218 McCarrey StAnchorage, AK 99508
  • Utilities Included

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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Strawberry Lane
2 Bedroom Apartments

Strawberry Lane

2100-2110 Strawberry RdAnchorage, AK 99502
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Showing Results 1-39, Page 1 of 1

Cheapest Available Anchorage Borough Apartments for Rent

 

The cheapest available apartment rental in Anchorage Borough, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $725. The Adelaide in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $917. Here is today’s list of the most affordable Anchorage Borough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$725
The AdelaideStudioStudio,1BA$917
Merrill CrossingStudioStudio,1BA$950
North Pointe Apartments0Studio,1BA$950
Panoramic ViewStudioStudio,1BA$975
The AlaskanStudioStudio,1BA$1,030
CastleStudio smallStudio,1BA$1,090
Arbor PointeStudioStudio,1BA$1,130
Conifer GroveStudioStudio,1BA$1,160
City ViewStudioStudio,1BA$1,180

Best Value Apartments for Rent in Anchorage Borough, AK

As of June 24, 2026 the best value apartment in the Anchorage Borough area is the $1.63 price per square foot 2210 Roosevelt Dr Model at 2210 Roosevelt Dr, Unit 1 in the in the Spenard neighborhood starting from $2,600. The second greatest value Anchorage Borough apartment is the 2B/2B Model at Mariners View starting at $2,200 with a $1.55 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2210 Roosevelt Dr, Unit 12210 Roosevelt Dr3BR,2BA$1.63
Mariners View2B/2B2BR,2BA$1.55
700 W 47th Ave, Unit #1700 W 47th Ave2BR,1BA$1.59
Stephens Park2 Bed2BR,1BA$1.66
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
1515 Nelchina St2 Beds, 1 Baths2BR,1BA$1.67
Deer ParkTwo Bedroom2BR,1BA$1.77
Arctic Sun1x1 9001BR,1BA$1.56
827 E 11th Ave2 Beds, 1 Baths2BR,1BA$1.50
Nicole ApartmentsFlat1BR,1BA$1.70

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 $1,180.

What is the price of a cheap apartment in Anchorage Borough?

The cheapest apartment in Anchorage Borough is North Pointe Apartments 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 5 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 $128 which is $4,872 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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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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.