Cheap Apartments for Rent in Anchorage Borough, AK from $600 (56 Rentals)

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

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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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
  • Utilities Included
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West Midtown Gardens
Studio to 1 Bedroom Apartments

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
  • 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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North Pointe Apartments
Studio to 3 Bedroom Apartments

North Pointe Apartments

905 Richardson Vista RdAnchorage, AK 99501
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Caswell Court
1 to 2 Bedroom Apartments

Caswell Court

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

Mountain View Apartments

185 Rideline LoopAnchorage, AK 99508
Senior Living
  • Utilities Included
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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
  • Utilities Included
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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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Milepost O Apartments
1 Bedroom Apartments

Milepost O Apartments

618 Gambell StAnchorage, AK 99501
  • Utilities Included

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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Casablanca Apartments
1 to 3 Bedroom Apartments

Casablanca Apartments

4318-4320 Checkmate DrAnchorage, AK 99508
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2805 W 31st Ave
2 Bedroom Apartments

2805 W 31st Ave

2805 W 31st AveAnchorage, AK 99517
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Country Lane
Studio to 1 Bedroom Apartments

Country Lane

810 E 42nd AveAnchorage, AK 99503
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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
  • Utilities Included
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Castle
Studio to 2 Bedroom Apartments

Castle

915 W 27th AveAnchorage, AK 99503

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.

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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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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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Arbor Pointe
Studio to 1 Bedroom Apartments

Arbor Pointe

1473 W 25th AveAnchorage, AK 99503
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Strawberry Lane
2 Bedroom Apartments

Strawberry Lane

2100-2110 Strawberry RdAnchorage, AK 99502
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Park Plaza
Studio to 2 Bedroom Apartments

Park Plaza

201 E 16th AveAnchorage, AK 99501
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Rancho Tudor
Studio to 2 Bedroom Apartments

Rancho Tudor

3531 E 42nd AveAnchorage, AK 99508
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Conifer Grove
Studio to 3 Bedroom Apartments

Conifer Grove

218 McCarrey StAnchorage, AK 99508
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 $925. Country Lane in the Midtown 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 ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$925
Country LaneStudioStudio,1BA$1,025
CastleStudio X smallStudio,1BA$1,100
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,125
Arbor PointeStudioStudio,1BA$1,155
College ViewStudioStudio,1BA$1,160
The Village at Calais1x11BR,1BA$1,185
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
Rancho TudorStudioStudio,1BA$1,225

Best Value Apartments for Rent in Anchorage Borough, AK

As of February 07, 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 CS - 2 Bedroom Model at Creekside Terrace starting at $1,695 with a $1.38 price per square foot in the Downtown Anchorage 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.
1803 Dare Ave, Unit 71803 Dare Ave3BR,1BA$1.21
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
Arctic Sun2x1 1100a2BR,1BA$1.49
2021 Farmer Pl, Unit 32021 Farmer Pl2BR,1BA$1.68
Stephens Park2 Bed2BR,1BA$1.56
12250 Ellen Ave, Unit Apartment 312250 Ellen Ave2BR,1BA$1.68
Deer ParkTwo Bedroom2BR,1BA$1.74
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
Hillcrest Apartments2 bed bottom floor2BR,1BA$1.54
Northwind ApartmentsStudio 3rd floorStudio ,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 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 $2,050 which is $2,950 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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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.