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Terrace on the Lake
Anchorage, AK 99517

- Studio–2 Bedrooms
- 450–920Square 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. Youll 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. Youll 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
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 A17 450 $1,000 March 31, 2026 A12 450 $1,000 April 17, 2026 C32 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 A17 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 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 C32 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 1 Apartment Unit: A17Apartment Model: Blue Winged TealStudio, 1 Bath, 450 sq ftAvailable NowApartment Unit: A12Apartment Model: Blue Winged TealStudio, 1 Bath, 450 sq ftAvailable March 31, 2026Apartment Unit: C32Apartment Model: Blue Winged TealStudio, 1 Bath, 450 sq ftAvailable April 17, 20261 Bedroom
Show Unavailable FloorplansThe Mallard
1 Bed, 1 Bath, 580 sq ftAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now E22 580 $1,000 Available Now B37 580 $1,000 Available Now F32 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 E22 Amenities and Features
Features
- Tub/Shower
Kitchen
- Kitchen
- Microwave
- Oven
Living Space
- Carpet
- Vinyl Flooring
Outdoor Space
- Grill
- Lawn
Windows
- Triple Pane Windows
Unit B37 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 F32 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 NowFloorplansPhotos![]()
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 7 Apartment Unit: E22Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable NowApartment Unit: B37Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable NowApartment Unit: F32Apartment Model: The Mallard1 Bedroom, 1 Bath, 580 sq ftAvailable NowThe 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 1 2 Bedrooms
Show Unavailable FloorplansArctic Tern
2 Beds, 2 Baths, 920 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now E36 920 $1,000 March 31, 2026 A30 920 $1,000 May 31, 2026 B34 920 $1,000 Model 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
Unit E36 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
Windows
- Triple Pane Windows
Unit A30 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
Unit B34 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
Windows
- Triple Pane Windows
Apartment Model: Arctic Tern2 Bedroom, 2 Bath, 920 sq ftAvailable Now![]()
Arctic Tern - Floorplan 1 Apartment Unit: E36Apartment Model: Arctic Tern2 Bedroom, 2 Bath, 920 sq ftAvailable NowApartment Unit: A30Apartment Model: Arctic Tern2 Bedroom, 2 Bath, 920 sq ftAvailable March 31, 2026Apartment Unit: B34Apartment Model: Arctic Tern2 Bedroom, 2 Bath, 920 sq ftAvailable May 31, 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 ApplicationDue at Application
- Application Fee Per ApplicantiCharged per applicant.$25.00
Other Fees and Policies
Pet Fees
- Cat FeeiCharged per Pet.$300.00
- Cat RentiCharged Per Pet.$40.00/mo
- Dog FeeiCharged per Pet.$300.00
- Dog RentiCharged Per Pet.$40.00/mo
Cat
None
Dog
Breed restrictions apply
Up to 2 pets per home are welcome.
Parking Fees
- Parking FeeiMax of 1. Charged per vehicle.$0.00/mo
Surface Lot
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
Hours and Contact Info
| 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 |
Renters Reviews and Ratings
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 | $1,505 | $950 | $2,750 |
| Anchorage 1 Bedroom Apartments | $1,718 | $1,050 | $5,227 |
| Anchorage 2 Bedroom Apartments | $1,980 | $1,175 | $6,372 |
| Anchorage 3 Bedroom Apartments | $2,610 | $1,550 | $9,192 |
Nearby Apartments
Nearby Homes
Did You Know?
22% of apartment shoppers plan to spend 4-6 months in their apartment search.






Up to 2 pets per home are welcome.