Cheap Apartments for Rent in Fairbanks, AK from $600 (25 Rentals)

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

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3285 Adams Dr, Unit 3
$1,175
Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175
Studio Apartment Available Aug 1

3285 Adams Dr, Unit 3

3285 Adams DrFairbanks, AK 99709
  • Smoke Free

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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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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Northward Building
Studio to 2 Bedroom Apartments

Northward Building

455 3rd AveFairbanks, AK 99701
  • Utilities Included
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645 Old Steese Hwy N
Studio to 1 Bedroom Apartments

645 Old Steese Hwy N

645 Old Steese Hwy NFairbanks, AK 99712

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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Fairbanks, AK Local Guide

Cheapest Neighborhoods for Apartments in Fairbanks, AK

Pricing Updated: 06/09/2026

Current apartment rentals in the Fairbanks, AK area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Fairbanks Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Fairbanks$1,895$1,10021
Midtown Fairbanks$2,172$1,10029

Cheapest Available Fairbanks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairbanks, AK is a 1 Bed unit found at Jillian Square Apartments in the Downtown Fairbanks neighborhood priced from $1,326. Willow Woods Apartments in the Downtown Fairbanks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,389. Here is today’s list of the most affordable Fairbanks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jillian Square ApartmentsSpecial1BR,1BA$1,326
Willow Woods ApartmentsOpen Kitchen 1x11BR,1BA$1,389
Sophie Plaza ApartmentsMedium One-Bedroom1BR,1BA$1,390
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1,450
649 Jennie Ln2 Bedroom2BR,1BA$1,500

Best Value Apartments for Rent in Fairbanks, AK and Nearby

As of June 09, 2026 the best value apartment in the Fairbanks area is the $1.74 price per square foot Medium One-Bedroom Model at Sophie Plaza Apartments in the starting from $1,390. The second greatest value Fairbanks apartment is the 2 Bedroom Model at 649 Jennie Ln starting at $1,500 with a $2.00 price per square foot . Here is today’s list of the best values for Fairbanks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sophie Plaza ApartmentsMedium One-Bedroom1BR,1BA$1.74
649 Jennie Ln2 Bedroom2BR,1BA$2.00
Willow Woods ApartmentsGalley Kitchen 1x11BR,1BA$1.93
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$2.03
Jillian Square ApartmentsContemporary1BR,1BA$2.06

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Cheap Fairbanks Apartments

How much is rent for a Cheap One Bedroom Fairbanks Apartment?

The lowest price for a Cheap One Bedroom Fairbanks Apartment is $1,326 at Jillian Square Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Fairbanks is starting from $1,413 at Jillian Square Apartments.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.