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$1,450 - $1,7001 to 2 Bedroom Apartments Available Now
Wedgewood Resort Apartments
417 Wedgewood DrFairbanks, AK 99701
Cheap Apartments for Rent in the Downtown Fairbanks Neighborhood of Fairbanks, AK from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Fairbanks area of Fairbanks.
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$1,300 - $2,1471 to 2 Bedroom Apartments Available Now
Jillian Square Apartments
3000-3040 Davis RdFairbanks, AK 99709
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$1,295 - $1,7231 to 2 Bedroom Apartments Available Now
Willow Woods Apartments
300 Wedgewood DrFairbanks, AK 99701
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2 Bedroom Apartments
1318 23rd Ave
1318 23rd AveFairbanks, AK 99701
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1 Bedroom Apartments
Borealis Assisted Living
1521 Hilton AveFairbanks, AK 99701
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2 Bedroom Apartments
1410 23rd Ave
1410 23rd AveFairbanks, AK 99701
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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1 to 3 Bedroom Apartments
1045-1053 Blair Rd
1045-1053 Blair RdFairbanks, AK 99701
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2 to 3 Bedroom Apartments
935 Aurora Dr
935 Aurora DrFairbanks, AK 99709
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3 to 5 Bedroom Apartments
Birchwood Homes
1066 Turnagin LoopFairbanks, AK 99701
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1 to 3 Bedroom Apartments
River Point Village Apartments
2595 Chief William DrFairbanks, AK 99709
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1 to 3 Bedroom Apartments
Weeks Field Estates I Apartments
1301 Kellum StFairbanks, AK 99701
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Studio to 2 Bedroom Apartments
Northward Building
455 3rd AveFairbanks, AK 99701
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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1 to 3 Bedroom Apartments
Little Dipper Apartments
1910 Turner StFairbanks, AK 99701
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1 to 3 Bedroom Apartments
Farewell Apartments
94 Farewell AveFairbanks, AK 99701
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Studio to 2 Bedroom Apartments
Norsemen
1901 Mary Ann StFairbanks, AK 99701
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1 to 3 Bedroom Apartments
The Sheridan Apartments
2701 Turner StFairbanks, AK 99701
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1 to 3 Bedroom Apartments
Ambassador Inn
415 5th AveFairbanks, AK 99701
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2 Bedroom Apartments
Fort Wainwright
4368 Neely RdFort Wainwright, AK 99703
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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Downtown Fairbanks, Fairbanks, AK Local Guide
How much does it cost to rent an apartment in Downtown Fairbanks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Fairbanks 1 Bedroom Apartments | $1,520 | $1,100 | $2,024 |
| Downtown Fairbanks 2 Bedroom Apartments | $1,799 | $1,413 | $2,800 |
| Downtown Fairbanks 3 Bedroom Apartments | $2,395 | $2,395 | $2,395 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Fairbanks Neighborhood of Fairbanks, AK.
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Cheapest Available Downtown Fairbanks Apartments for Rent
The cheapest available apartment rental in the Downtown Fairbanks area of Fairbanks, AK is a 1 Bed unit found at Willow Woods Apartments priced from $1,295. Jillian Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,326. Here are the most affordable Downtown Fairbanks apartments for rent in Fairbanks, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Woods Apartments | Open Kitchen 1x1 | 1BR,1BA | $1,295 |
| Jillian Square Apartments | Special | 1BR,1BA | $1,326 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $1,450 |
| Birchwood Homes | 4 Bed x 2.5 Bath | 4BR,2BA | $2,415 |
Best Value Apartments for Rent in Downtown Fairbanks, AK
As of April 23, 2026 the best value apartment in the Downtown Fairbanks area is the $1.23 price per square foot 4 Bed x 2.5 Bath Model at Birchwood Homes in the in the Downtown Fairbanks neighborhood starting from $2,415. The second greatest value Downtown Fairbanks apartment is the Galley Kitchen 1x1 Model at Willow Woods Apartments starting at $1,295 with a $1.80 price per square foot in the Downtown Fairbanks neighborhood. Here is today’s list of the best values for Downtown Fairbanks apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Birchwood Homes | 4 Bed x 2.5 Bath | 4BR,2.5BA | $1.23 |
| Willow Woods Apartments | Galley Kitchen 1x1 | 1BR,1BA | $1.80 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $2.03 |
| Jillian Square Apartments | Contemporary | 1BR,1BA | $2.06 |
| 909 27th Ave | 909 27th Ave | 1BR,1BA | $2.42 |
Frequently Asked Questions about Cheap Downtown Fairbanks Apartments
How much is rent for a Cheap One Bedroom Downtown Fairbanks Apartment?
The lowest price for a Cheap One Bedroom Downtown Fairbanks Apartment is $1,295 at Willow Woods Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Fairbanks Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown 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
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.
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.
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.
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.