Cheap Homes for Rent in Fairbanks, AK from $800 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

property at 771 Rifle Rd

771 Rifle Rd

FairbanksAK99712

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.

Fairbanks, AK Local Guide

Cheapest Neighborhoods for Apartments in Fairbanks, AK

Pricing Updated: 06/19/2025

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$1,495$1,4951
Midtown Fairbanks$2,250$1,29625

Cheapest Available Fairbanks Apartments for Rent

 

The cheapest available apartment rental in Fairbanks, AK is a 1 Bed unit found at Willow Woods Apartments in the Midtown Fairbanks neighborhood priced from $1,296. Jillian Square Apartments in the Midtown Fairbanks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,310. Here is today’s list of the most affordable Fairbanks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Woods ApartmentsSmall 1x11BR,1BA$1,296
Jillian Square ApartmentsDebutante1BR,1BA$1,310
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1,400

Best Value Apartments for Rent in Fairbanks, AK

As of June 19, 2025 the best value apartment in the Fairbanks area is the $1.57 price per square foot Large One-Bedroom Model at Sophie Plaza Apartments in the starting from $1,417. The second greatest value Fairbanks apartment is the 520 Old Richardson Hwy Model at 520 Old Richardson Hwy, Unit A starting at $1,500 with a $1.88 price per square foot in the Midtown 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 ApartmentsLarge One-Bedroom1BR,1BA$1.57
520 Old Richardson Hwy, Unit A520 Old Richardson Hwy1BR,1BA$1.88
649 Jennie Ln2 Bedroom2BR,1BA$2.00
Wedgewood Resort Apartments1 Bedroom Suite1BR,1BA$1.96
Willow Woods ApartmentsSmall 1x11BR,1BA$2.12
Jillian Square ApartmentsDebutante1BR,1BA$2.15
Furnished Studio-Fairbanks - Old Airport WayFurnished Studio-Fairbanks - Old Airport WayStudio ,1BA$18.37
1734 Army Rd, Unit D1734 Army Rd1BR,0.5BA$3.25

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Frequently Asked Questions about Fairbanks

What type of rentals are currently available in Fairbanks?

There are currently 56 Apartments for Rent in Fairbanks, AK with pricing that ranges from $650 to $5,510. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbanks ranging from $850 to $3,500.

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 $850 to $3,500 with an average monthly rent of $1,814.

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.

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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.

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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.