Cheap Apartments for Rent in Anchorage Borough, AK from $975 (88 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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Caswell Court
1 to 2 Bedroom Apartments

Caswell Court

Centennial CirAnchorage, AK 99504
Senior Living
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Mountain View Apartments
1 to 2 Bedroom Apartments

Mountain View Apartments

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

Milepost O Apartments

618 Gambell StAnchorage, AK 99501
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Casablanca Apartments
1 to 3 Bedroom Apartments

Casablanca Apartments

4318-4320 Checkmate DrAnchorage, AK 99508
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601 N Klevin St
Studio Apartments

601 N Klevin St

601 N Klevin StAnchorage, AK 99508

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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1335 Hyder Street
Studio to 1 Bedroom Apartments

1335 Hyder Street

1335 Hyder StAnchorage, AK 99501
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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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The Adelaide
Studio to 1 Bedroom Apartments

The Adelaide

201 E 9th 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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The Alaskan
Studio to 2 Bedroom Apartments

The Alaskan

102-110 E 11th AveAnchorage, AK 99501
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5440 E 26th Ave
Studio to 2 Bedroom Apartments

5440 E 26th Ave

5440 E 26th AveAnchorage, AK 99508
  • 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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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 $1,000. North Pointe Apartments in the Government Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Anchorage Borough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio, 1BA$1,000
North Pointe Apartments11BR, 1BA$1,050
The AdelaideStudioStudio, 1BA$1,062
The AlaskanStudioStudio, 1BA$1,095
1425 W 40th Ave.1BR/1.0BA1BR, 1BA$1,100
McKinley Tower ApartmentsUnit G StudioStudio, 1BA$1,100
Castle Apartment HomesStudio smallStudio, 1BA$1,100
City ViewStudioStudio, 1BA$1,100
Arbor PointeStudioStudio, 1BA$1,130
(44) West Midtown Village(44) West Midtown Village - 44-31...1BR, 1BA$1,150

Best Value Apartments for Rent in Anchorage Borough, AK

As of September 23, 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 Old Seward Oceanview neighborhood starting from $1,550. The second greatest value Anchorage Borough apartment is the 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 in the Spenard neighborhood starting at $1,595 with a $1.33 price per square foot. 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
1410 W 27th Ave, Unit 31410 W 27th Ave3BR, 1BA$1.33
1402 W 27th Ave, Unit 81402 W 27th Ave3BR, 1BA$1.33
1350 W 27th Ave, Unit 61350 W 27th Ave3BR, 1BA$1.33
12250 Ellen Ave, Unit Apartment 312250 Ellen Ave2BR, 1BA$1.79
MontclairLarge Two bedroom one bath2BR, 1BA$1.79
Arctic Sun1x1 8251BR, 1BA$1.69
1425 W 40th Ave.1BR/1.0BA1BR, 1BA$1.38
225 N Park Street - CDY1BR/1.0BA1BR, 1BA$1.49
Merrill Crossing2 Beds2BR, 1BA$1.74

Frequently Asked Questions about Cheap Anchorage Borough Apartments

What is the Cheapest Studio apartment in Anchorage Borough?

Currently the most affordable Cheap Studio Apartment in Anchorage Borough is at Panoramic View listed at $1,000.

How much is rent for a Cheap One Bedroom Anchorage Borough Apartment?

The lowest price for a Cheap One Bedroom Anchorage Borough Apartment is $1,050 at North Pointe Apartments.

What is the lowest price for a Cheap Two Bedroom Anchorage Borough Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Anchorage Borough is starting from $1,175 at Merrill Crossing.

What is the most affordable Anchorage Borough Three Bedroom Apartment?

The best deal on a cheap Anchorage Borough Three Bedroom Apartment rental is at Chester Park Estates and starts from $1,800.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.