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$900 - $1,175Studio to 2 Bedroom Apartments Available Now
Merrill Crossing
1275 E 9th AveAnchorage, AK 99501
Cheap Apartments for Rent in Anchorage Borough, AK from $600 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Anchorage Borough.
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$925 - $1,225Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,075 - $1,8001 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
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2746 W 42nd Ave
AnchorageAK99517
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$1,129 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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$1,155 - $1,445Studio to 2 Bedroom Apartments Available Now
Susitna Ridge
1601 Medfra StAnchorage, AK 99501
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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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Showing Results 1-32, Page 1 of 1
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 | $1,417 | $900 | $2,250 |
| Anchorage Borough 1 Bedroom Apartments | $1,569 | $1,050 | $2,450 |
| Anchorage Borough 2 Bedroom Apartments | $1,738 | $1,175 | $3,200 |
| Anchorage Borough 3 Bedroom Apartments | $2,130 | $1,595 | $3,600 |
| 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 Merrill Crossing in the Government Hill neighborhood priced from $900. Panoramic View in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Anchorage Borough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Merrill Crossing | Studio | Studio,1BA | $900 |
| Panoramic View | Studio | Studio,1BA | $925 |
| The Adelaide | Studio | Studio,1BA | $1,011 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| Castle | Studio small | Studio,1BA | $1,125 |
| College View | 1 bedroom | 1BR,1BA | $1,129 |
| Susitna Ridge | Studio | Studio,1BA | $1,155 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| The Mallary | 2 Bed | 2BR,1BA | $1,250 |
| McKinley Tower Apartments | Unit C One Bedroom | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Anchorage Borough, AK
As of August 04, 2025 the best value apartment in the Anchorage Borough area is the $1.54 price per square foot 1404 E 11th Ave Model at 1404 E 11th Ave, Unit B in the in the Government Hill neighborhood starting from $2,150. The second greatest value Anchorage Borough apartment is the 1402 W 27th Ave Model at 1402 W 27th Ave, Unit 8 starting at $1,595 with a $1.33 price per square foot in the Spenard 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. |
|---|---|---|---|
| 1404 E 11th Ave, Unit B | 1404 E 11th Ave | 3BR,1BA | $1.54 |
| 1402 W 27th Ave, Unit 8 | 1402 W 27th Ave | 3BR,1BA | $1.33 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| The Greenbriar | Two Bedroom | 2BR,1BA | $1.57 |
| Alpine | Two Bedroom | 2BR,1BA | $1.74 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.59 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| 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 $1,275.
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 $2,050.
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 9 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 $1,086 which is $964 cheaper than the average rent for all rentals in Anchorage Borough.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.