
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.


Wedgewood Resort Apartments

Willow Woods Apartments

1318 23rd Ave

Borealis Assisted Living

1410 23rd Ave
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.

1045-1053 Blair Rd

935 Aurora Dr

Birchwood Homes

River Point Village Apartments

Weeks Field Estates I Apartments

Northward Building
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.

Little Dipper Apartments

Farewell Apartments

Norsemen

The Sheridan Apartments

Ambassador Inn

Fort Wainwright
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.
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 Studio Apartments | $1,237 | $1,175 | $1,300 |
| Downtown Fairbanks 1 Bedroom Apartments | $1,434 | $1,295 | $1,648 |
| Downtown Fairbanks 2 Bedroom Apartments | $1,602 | $1,413 | $1,904 |
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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Woods Apartments | Open Kitchen 1x1 | 1BR,1BA | $1,442 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Downtown Fairbanks, AK
As of July 25, 2026 the best value apartment in the Downtown Fairbanks area is the $1.23 price per square foot 3 Bed x 2.5 Bath Model at Birchwood Homes in the in the Downtown Fairbanks neighborhood starting from $2,290. The second greatest value Downtown 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 Downtown 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 | 3BR,2.5BA | $1.23 |
| Willow Woods Apartments | Galley Kitchen 1x1 | 1BR,1BA | $2.00 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $2.03 |
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 $1,442 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

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.

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.

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.

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.