206 Minnie St
FairbanksAK99701
Cheap Apartments for Rent in Fairbanks, AK from $600 (10 Rentals)
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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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1546 S Cushman St
FairbanksAK99701
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2426 Burtis Ave
North PoleAK99705
2430 Burtis Ave
North PoleAK99705
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
How much does it cost to rent an apartment in Fairbanks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Fairbanks Studio Apartments | $1,197 | $1,000 | $1,395 |
| Cheap Fairbanks 1 Bedroom Apartments | $1,590 | $1,288 | $2,024 |
| Cheap Fairbanks 2 Bedroom Apartments | $1,651 | $1,250 | $2,147 |
| Cheap Fairbanks 3 Bedroom Apartments | $1,928 | $1,400 | $2,450 |
Browse Top Apartments in Fairbanks
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Fairbanks, AK Local Guide
- Fairbanks Neighborhoods
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Cheapest Neighborhoods for Apartments in Fairbanks, AK
Pricing Updated: 12/20/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Midtown Fairbanks | $2,000 | $1,000 | 31 |
| Downtown Fairbanks | $2,250 | $1,000 | 29 |
Cheapest Available Fairbanks Apartments for Rent
The cheapest available apartment rental in Fairbanks, AK is a 1 Bed unit found at Willow Woods Apartments in the Downtown Fairbanks neighborhood priced from $1,288. Jillian Square Apartments in the Downtown Fairbanks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,310. Here is today’s list of the most affordable Fairbanks apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Woods Apartments | Open Kitchen 1x1 | 1BR,1BA | $1,288 |
| Jillian Square Apartments | Debutante | 1BR,1BA | $1,310 |
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1,402 |
Best Value Apartments for Rent in Fairbanks, AK
As of December 20, 2025 the best value apartment in the Fairbanks area is the $1.08 price per square foot 3 Bed x 2.5 Bath Large Model at Birchwood Homes in the in the Downtown Fairbanks neighborhood starting from $2,145. The second greatest value Fairbanks apartment is the Medium One-Bedroom Model at Sophie Plaza Apartments starting at $1,402 with a $1.75 price per square foot . Here is today’s list of the best values for Fairbanks apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Birchwood Homes | 3 Bed x 2.5 Bath Large | 3BR,2.5BA | $1.08 |
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1.75 |
| 1114 26th Ave, Unit C | 1114 26th Ave | 2BR,1BA | $1.88 |
| Willow Woods Apartments | Galley Kitchen 1x1 | 1BR,1BA | $1.79 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $2.03 |
| 2602 Gillam Way, Unit 4 | 2602 Gillam Way | 2BR,1BA | $2.50 |
| 2706 Turner St, Unit 3 | 2706 Turner St | 2BR,1BA | $2.22 |
| 1546 Turner St, Unit 4 | 1546 Turner St | 2BR,1BA | $2.03 |
| Jillian Square Apartments | Debutante | 1BR,1BA | $2.15 |
| 3483 Rewak Dr, Unit 207 | 3483 Rewak Dr | Studio ,1BA | $3.99 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Fairbanks, AK
Woodriver Elementary
Fairbanks North Star Borough School District
Public School - Grades PK-5 (341)
8 out of 10
West Valley High School
Fairbanks North Star Borough School District
Public School - Grades 9-12 (906)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fairbanks, AK Rentals by Map
See the most popular apartments and homes in Fairbanks, AK
Getting Around Fairbanks, AK
Walk Score®
41 / 100
Car-Dependent
Most errands require a car
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
18 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,288 at Willow Woods 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 $1,374 at Jillian Square Apartments.
What is the most affordable Fairbanks Three Bedroom Apartment?
The best deal on a cheap Fairbanks Three Bedroom Apartment rental is at Birchwood Homes and starts from $2,145.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.