Cheap Homes for Rent in Anchorage Borough, AK from $1,200 (28 Rentals)

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Search the lowest-cost Homes 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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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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property at 516 E 10th Ave

$1,525

2 Bedroom Rentals

Available Aug 10

516 E 10th Ave

AnchorageAK99501

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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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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Showing Results 1-28, 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 North Pointe Apartments in the Government Hill neighborhood priced from $950. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Anchorage Borough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Pointe Apartments0Studio,1BA$950
Merrill CrossingStudioStudio,1BA$950
Panoramic ViewStudioStudio,1BA$975
The AdelaideStudioStudio,1BA$1,062
CastleStudio X smallStudio,1BA$1,095
The Mallary1 Bed1BR,1BA$1,150
College ViewStudioStudio,1BA$1,155
The Village at Calais1x11BR,1BA$1,200
Country Lane1x1 (s)1BR,1BA$1,210

Best Value Apartments for Rent in Anchorage Borough, AK

As of July 16, 2026 the best value apartment in the Anchorage Borough area is the $1.55 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,200. The second greatest value Anchorage Borough apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,650 with a $1.69 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.
Mariners View2B/2B2BR,2BA$1.55
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Deer ParkTwo Bedroom2BR,1BA$1.77
Checkmate Plaza2 Beds, 1 Baths2BR,1BA$1.78
Arctic Sun1x1 9001BR,1BA$1.56
Kings CourtTwo Bedroom One Bath2BR,1BA$1.67
1515 Nelchina St2 Beds, 1 Baths2BR,1BA$1.67
827 E 11th Ave2 Beds, 1 Baths2BR,1BA$1.50
Tudor Park Apartments1 bed Bottom1BR,1BA$1.80
Nicole ApartmentsFlat1BR,1BA$1.70

Frequently Asked Questions about Anchorage Borough

What type of rentals are currently available in Anchorage Borough?

There are currently 625 Apartments for Rent in Anchorage Borough, AK with pricing that ranges from $700 to $17,094. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anchorage Borough ranging from $1,250 to $4,800.

What is the current price range for Rental Homes in Anchorage Borough?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Anchorage Borough ranges from $1,250 to $4,800 with an average monthly rent of $2,558.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.