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Terrace on the Lake
Anchorage, AK 99517

- Studio–2 Bedrooms
- 450–920 Square Feet
About Terrace on the Lake
Terrace on the Lake Apartment Homes offers comfortable, pet-friendly apartments in Anchorage, AK.Choose from studio, 1, or 2-bedroom apartments featuring modern kitchens with a full suite of appliances and ample counter space. You'll have convenient features, like in-unit laundry, ceiling fans, and large closets. Select apartments have dining areas, walk-in closets, and fireplaces. Our community amenities include on-site tennis courts, a fitness center, a soothing sauna, and a dog park. Our 24-hour emergency maintenance services and courtesy security patrol will give you peace of mind.Terrace on The Lake is near the Walter J. Hickel Parkway, offering an easy commute to anywhere in Anchorage. You'll live near Providence Hospital, Alaska Native Medical Center, Joint Base Elmendorf-Richardson, and the University of Alaska Anchorage. Outdoor attractions, like Bentzen Lake and the Chugach Mountains, are close to home. You belong at Terrace on the Lake Apartments in Anchorage, AK!
Terrace on the Lake is located in the Spenard Neighborhood and 99517 Zip code of Anchorage, AK.
Unique Features and Amenities
- * Select Apartments
- *In select homes
- 24-Hour Emergency Maintenance
- Barbecue/Grill Station
- Cardio Machines
- Carpeting
- Ceiling Fans*
- Complete Kitchen Appliance Package
- Efficient Appliances
- Energy Efficient Windows (Triple Paned)
- Fireplace*
- Fitness Center
- Furnished Apartments Available*
- Garbage Disposal*
- In-home Washer/Dryer
- Large Closets
- Microwave*
- Night Patrol
- Online Payments & Service Requests
- On-Site Maintenance
- On-Site Management
- Package Receiving
- Planned Social Activities/ Resident Events
- Sauna
- Triple Pane Windows
- Walk-in Closets*
- Washer & Dryer In Each Home
Property Contact Info
This property currently does not have availability listed on ApartmentHomeLiving.com. Sign up to get notified when it becomes available.
Office Hours
| Monday | 10:00 am–6:00 pm |
| Tuesday | 10:00 am–6:00 pm |
| Wednesday | 10:00 am–6:00 pm |
| Thursday | 10:00 am–6:00 pm |
| Friday | 10:00 am–6:00 pm |
| Saturday | Closed |
| Sunday | Closed |
Floorplan Pricing and Availability
New! Interactive Property Map
Studio
Blue Winged Teal
Studio, 1 Bath, 450 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now A12 450 $1,000 October 30, 2026 C21 450 $1,000 Model Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
- Range
Living Space
- Carpet
- Vinyl Flooring
- Walk-In Closets
Outdoor Space
- Grill
- Lawn
Unique Features
- Triple Pane Windows
Unit A12 Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
- Range
Living Space
- Carpet
- Vinyl Flooring
- Walk-In Closets
Outdoor Space
- Grill
- Lawn
Windows
- Triple Pane Windows
Unit C21 Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
- Range
Living Space
- Carpet
- Vinyl Flooring
- Walk-In Closets
Outdoor Space
- Grill
- Lawn
Windows
- Triple Pane Windows
Apartment Model: Blue Winged TealStudio, 1 Bath, 450 sq ftAvailable Now![]()
Blue Winged Teal - Floorplan Apartment Unit: A12Apartment Model: Blue Winged TealStudio, 1 Bath, 450 sq ftAvailable NowApartment Unit: C21Apartment Model: Blue Winged TealStudio, 1 Bath, 450 sq ftAvailable October 30, 20261 Bedroom
Show Unavailable FloorplansThe Mallard
1 Bed, 1 Bath, 580 sq ftAvailable Oct 14Model Gallery
Floorplans
Photos
Availability Details
Availability Date Unit Sq Ft Deposit View Details October 14, 2026 E11 580 $1,000 October 23, 2026 F16 580 $1,000 October 28, 2026 F21 580 $1,000 Model Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
Living Space
- Carpet
- Vinyl Flooring
Outdoor Space
- Grill
- Lawn
Unique Features
- Triple Pane Windows
Unit E11 Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
Living Space
- Carpet
- Vinyl Flooring
Outdoor Space
- Grill
- Lawn
Windows
- Triple Pane Windows
Unit F16 Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
Living Space
- Carpet
- Vinyl Flooring
Outdoor Space
- Grill
- Lawn
Unique Features
- Triple Pane Windows
Unit F21 Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
Living Space
- Carpet
- Vinyl Flooring
Outdoor Space
- Grill
- Lawn
Windows
- Triple Pane Windows
Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable October 14, 2026FloorplansPhotos![]()
The Mallard - Image 1 ![]()
The Mallard - Image 2 ![]()
The Mallard - Image 3 ![]()
The Mallard - Image 4 ![]()
The Mallard - Image 5 ![]()
The Mallard - Image 6 ![]()
The Mallard - Floorplan Apartment Unit: E11Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable October 14, 2026Apartment Unit: F16Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable October 23, 2026Apartment Unit: F21Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable October 28, 2026The Mallard Furnished
1 Bed, 1 Bath, 580 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Unavailable The Mallard Furnished 580 sq ft Apartment Model: The Mallard Furnished1 Bedroom, 1 Bath, 580 sq ftUnavailable![]()
The Mallard Furnished - Floorplan 2 Bedrooms
Show Unavailable FloorplansArctic Tern
2 Beds, 2 Baths, 920 sq ftAvailable Nov 10Model Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit November 10, 2026 E19 920 $1,000 Unit E19 Amenities and Features
Features
- Fireplace
- Tub/Shower
Kitchen
- Freezer
- Kitchen
- Microwave
- Oven
- Range
Living Space
- Carpet
- Dining Room
- Vinyl Flooring
- Walk-In Closets
Outdoor Space
- Grill
- Lawn
Unique Features
- Triple Pane Windows
Apartment Model: Arctic Tern2 Bedroom, 2 Bath, 920 sq ftAvailable November 10, 2026![]()
Arctic Tern - Floorplan Apartment Unit: E19Apartment Model: Arctic Tern2 Bedroom, 2 Bath, 920 sq ftAvailable November 10, 2026Arctic Tern Furnished
2 Beds, 2 Baths, 920 sq ftAvailability Details
Availability Date Unit Sq Ft Unavailable Arctic Tern Furnished 920 sq ft The Snowgoose
2 Beds, 2 Baths, 920 sq ftAvailability Details
Availability Date Unit Sq Ft Unavailable The Snowgoose 920 sq ft
Property Information
- Renovated In 1985
- 146 Units
- 3 Stories
- Built in 1977
Lease Terms
- 10 - 15 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per applicant.$25.00
Other Fees and Policies
Pet Fees
- Cat
- Cat FeeiMax of 2. Charged Per Pet.$300.00
- Cat RentiCharged Per Pet.$40.00/mo
- Dog
- Dog FeeiMax of 2. Charged Per Pet.$300.00
- Dog RentiCharged Per Pet.$40.00/mo
None
Breed restrictions apply
Max of 2. Up to 2 pets per home are welcome.
Parking Fees
- Surface Lot
- Parking FeeiMax of 1. Charged per vehicle.$0.00/mo
Max of 1.
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Community Features
- Corporate Housing
Living Area Features
- Walk In Closets
Map
- Shopping
- Colleges
- Grocery
- Medical
- Nearby Properties

Map
Getting Around
40 / 100 Fairly walkable
20 / 100 Limited public transit
60 / 100 Moderately bikeable
100 / 100 Exceptionally car friendly
Getting to Know the Area
70 / 100 Restaurants
60 / 100 Cafes
60 / 100 Nightlife
60 / 100 Shopping
0 / 100 Noise Level
Nearby Schools
Romig Middle School
West High School
Northwood Abc Elementary School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Terrace on the Lake.
Big Box and Retail
Lowe's
Walgreens
Jcpenney
Colleges and Universities
Charter College-Anchorage - Anchorage Campus
Groceries
Fred Meyer
Hospitals
Military Bases
Kulis Air Guard Base
Shopping Centers
Terrace on the Lake has 5 shopping centers within 1.7 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Anchorage Studio Apartments | $1,417 | $950 | $2,175 |
| Anchorage 1 Bedroom Apartments | $1,594 | $1,050 | $2,600 |
| Anchorage 2 Bedroom Apartments | $1,898 | $1,200 | $4,000 |
| Anchorage 3 Bedroom Apartments | $2,215 | $1,550 | $3,200 |
| 2 Bedroom Homes | $2,212 | $1,300 | $4,000 |
| 3 Bedroom Homes | $2,755 | $1,445 | $3,950 |
| 4 Bedroom Homes | $3,582 | $2,100 | $5,000 |
| 5 Bedroom Homes | $4,516 | $4,100 | $5,200 |
| 6 Bedroom Homes | $700 | $700 | $700 |
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Did You Know?
The months of July-August show the most apartment renter searches in Alaska.










Max of 2. Up to 2 pets per home are welcome.