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$700Studio Apartments Available Now
1128 Hess Ave, Unit $
1128 Hess AveFairbanks, AK 99709
Cheap Homes for Rent in Fairbanks, AK from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Fairbanks.
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$7001 Bedroom Apartments Available Now
1128 Hess Ave, Unit XX
1128 Hess AveFairbanks, AK 99709
3535 Shanly St
FairbanksAK99709
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.
859 Runamuck Ave
North PoleAK99705
548 2nd St
FairbanksAK99701
1096 Shoshone Dr
North PoleAK99705
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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Fairbanks, AK Local Guide
How much does it cost to rent a home in Fairbanks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairbanks 2 Bedroom Homes for Rent | $2,150 | $1,500 | $3,000 |
| Fairbanks 3 Bedroom Homes for Rent | $3,837 | $2,500 | $6,500 |
| Fairbanks 4 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Fairbanks
Explore Fairbanks
Fairbanks, AK Local Guide
- Fairbanks Neighborhoods
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Cheapest Neighborhoods for Apartments in Fairbanks, AK
Pricing Updated: 06/25/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Midtown Fairbanks | $2,450 | $1,100 | 12 |
| Downtown Fairbanks | $2,500 | $1,100 | 10 |
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 $1,407. Here is today’s list of the most affordable Fairbanks apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1,390 |
| Willow Woods Apartments | Open Kitchen 1x1 | 1BR,1BA | $1,407 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Fairbanks, AK
As of June 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 2 Bedroom Model at 649 Jennie Ln starting at $1,500 with a $2.00 price per square foot . Here is today’s list of the best values for Fairbanks apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1.74 |
| 649 Jennie Ln | 2 Bedroom | 2BR,1BA | $2.00 |
| 1048 28th Ave, Unit 1 | 1048 28th Ave | 2BR,1BA | $2.31 |
| Willow Woods Apartments | Galley Kitchen 1x1 | 1BR,1BA | $1.95 |
| Wedgewood Resort Apartments | 1 Bedroom Suite | 1BR,1BA | $2.03 |
| 1009 27th Ave, Unit Apt 2 | 1009 27th Ave | 2BR,1BA | $2.47 |
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.
Read ArticleQuick 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.
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Best Local Schools in Fairbanks, AK
Woodriver Elementary
Fairbanks North Star Borough School District
Public School - Grades PK-5 (341)
8 out of 10
West Valley High School
Fairbanks North Star Borough School District
Public School - Grades 9-12 (906)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fairbanks, AK Rentals by Map
See the most popular apartments and homes in Fairbanks, AK
Frequently Asked Questions about Fairbanks
What type of rentals are currently available in Fairbanks?
There are currently 55 Apartments for Rent in Fairbanks, AK with pricing that ranges from $700 to $2,500. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbanks ranging from $875 to $6,500.
What is the current price range for Rental Homes in Fairbanks?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairbanks ranges from $875 to $6,500 with an average monthly rent of $2,284.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.