Cheap Homes for Rent in Downtown Fairbanks Neighborhood of Fairbanks, AK from $1,200 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Fairbanks area of Fairbanks.

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.

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.

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 $1,310. Jillian Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,310. Here are the most affordable Downtown Fairbanks apartments for rent in Fairbanks, AK:

Apartment ListingModel NameBed/BathPriced From
Willow Woods ApartmentsSmall 1x11BR,1BA$1,310
Jillian Square ApartmentsDebutante1BR,1BA$1,310
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1,400

Best Value Apartments for Rent in Downtown Fairbanks, AK

As of July 02, 2025 the best value apartment in the Downtown Fairbanks area is the $1.96 price per square foot 1 Bedroom Suite Model at Wedgewood Resort Apartments in the in the Downtown Fairbanks neighborhood starting from $1,400. The second greatest value Downtown Fairbanks apartment is the 1552 Turner St Model at 1552 Turner St, Unit B starting at $1,400 with a $2.19 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1.96
1552 Turner St, Unit B1552 Turner St2BR,1BA$2.19
Willow Woods ApartmentsSmall 1x11BR,1BA$2.14
Jillian Square ApartmentsDebutante1BR,1BA$2.15

Frequently Asked Questions about Downtown Fairbanks

What type of rentals are currently available in Downtown Fairbanks?

There are currently 32 Apartments for Rent in Downtown Fairbanks, AK with pricing that ranges from $1,310 to $2,150. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Fairbanks ranging from $1,200 to $2,450.

What is the current price range for Rental Homes in Downtown Fairbanks?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Fairbanks ranges from $1,200 to $2,450 with an average monthly rent of $1,836.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.