Cheap Apartments for Rent in Fairbanks, AK from $600 (26 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
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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649 Jennie Ln
1 to 2 Bedroom Apartments

649 Jennie Ln

649 Jennie LnFairbanks, AK 99709
Student Housing
  • Utilities Included

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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Showing Results 1-26, Page 1 of 1

Fairbanks, AK Local Guide

Cheapest Neighborhoods for Apartments in Fairbanks, AK

Pricing Updated: 07/25/2026

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$1,610$1,1759
Midtown Fairbanks$2,450$1,20010

Cheapest Available Fairbanks Apartments for Rent

 

The cheapest available apartment rental in Fairbanks, AK is a 1 Bed unit found at Sophie Plaza Apartments priced from $1,390. Willow Woods Apartments in the Downtown Fairbanks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,442. Here is today’s list of the most affordable Fairbanks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sophie Plaza ApartmentsMedium One-Bedroom1BR,1BA$1,390
Willow Woods ApartmentsOpen Kitchen 1x11BR,1BA$1,442
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1,450

Best Value Apartments for Rent in Fairbanks, AK

As of July 25, 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 Galley Kitchen 1x1 Model at Willow Woods Apartments starting at $1,442 with a $2.00 price per square foot in the Downtown Fairbanks neighborhood. 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
Willow Woods ApartmentsGalley Kitchen 1x11BR,1BA$2.00
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$2.03

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 $1,390 at Sophie Plaza 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 $1,649 at Willow Woods 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.