Cheap Apartments for Rent in Fairbanks, AK from $600 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
property at 16 Glacier Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

16 Glacier Ave, Unit 13, Unit 13

16 Glacier Ave
FairbanksAK99701

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.

Read Article
close
View Me
Northward Building
Studio to 2 Bedroom Apartments

Northward Building

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

645 Old Steese Hwy N

645 Old Steese Hwy NFairbanks, AK 99712

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-28, Page 1 of 1

Fairbanks, AK Local Guide

Cheapest Neighborhoods for Apartments in Fairbanks, AK

Pricing Updated: 04/23/2026

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$2,395$1,10021
Midtown Fairbanks$2,395$1,05025

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 $1,295. 649 Jennie Ln has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Fairbanks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Woods ApartmentsOpen Kitchen 1x11BR,1BA$1,295
649 Jennie Ln1 Bedroom1BR,1BA$1,300
Jillian Square ApartmentsSpecial1BR,1BA$1,326
Sophie Plaza ApartmentsMedium One-Bedroom1BR,1BA$1,402
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1,450

Best Value Apartments for Rent in Fairbanks, AK

As of April 23, 2026 the best value apartment in the Fairbanks area is the $1.75 price per square foot Medium One-Bedroom Model at Sophie Plaza Apartments in the starting from $1,402. The second greatest value Fairbanks apartment is the 1 Bedroom Model at 649 Jennie Ln starting at $1,300 with a $1.73 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$1.75
649 Jennie Ln1 Bedroom1BR,1BA$1.73
Willow Woods ApartmentsGalley Kitchen 1x11BR,1BA$1.80
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$2.03
Jillian Square ApartmentsContemporary1BR,1BA$2.06
909 27th Ave909 27th Ave1BR,1BA$2.42

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Fairbanks, AK

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fairbanks, AK Rentals by Map

Decorative image of map

See the most popular apartments and homes in Fairbanks, AK

View Map
Fairbanks, AK Apartments Map
View Map
Fairbanks, AK Rental Homes Map

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 $1,295 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 $1,413 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.