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$750Studio Apartments Available Now
1128 Hess Ave, Unit $
1128 Hess AveFairbanks, AK 99709
Cheap Homes for Rent in Fairbanks, AK from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Fairbanks.
5965 Haystack Dr
FairbanksAK99712
2377 Edsson Ave
North PoleAK99705
635 10th Ave
FairbanksAK99701
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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$1,6002 Bedroom Apartments Available Now
228 Princess Dr, Unit 4
228 Princess DrFairbanks, AK 99701
530 Beacon Rd
FairbanksAK99712
1764 Pine Ridge Dr
FairbanksAK99712
16 Glacier Ave, Unit 13, Unit 13
16 Glacier Ave
FairbanksAK99701
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 | $2,716 | $1,900 | $3,200 |
| Fairbanks 3 Bedroom Homes for Rent | $2,890 | $2,450 | $3,200 |
| 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: 04/30/2026Current 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 | $3,000 | $1,595 | 1 |
Cheapest Available Fairbanks Apartments for Rent and Nearby
The cheapest available apartment rental in Fairbanks, AK is a 1 Bed unit found at Willow Woods Apartments in the Downtown Fairbanks neighborhood priced from $1,295. 649 Jennie Ln has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Fairbanks apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Woods Apartments | Open Kitchen 1x1 | 1BR,1BA | $1,295 |
| 649 Jennie Ln | 1 Bedroom | 1BR,1BA | $1,300 |
| Jillian Square Apartments | Special | 1BR,1BA | $1,326 |
Best Value Apartments for Rent in Fairbanks, AK and Nearby
As of April 30, 2026 the best value apartment in the Fairbanks area is the $1.43 price per square foot 149 Palace Circle Model at 149 Palace Circle, Unit #1 in the in the Downtown Fairbanks neighborhood starting from $2,000. The second greatest value Fairbanks apartment is the Medium One-Bedroom Model at Sophie Plaza Apartments starting at $1,402 with a $1.75 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. |
|---|---|---|---|
| 149 Palace Circle, Unit #1 | 149 Palace Circle | 3BR,1BA | $1.43 |
| Sophie Plaza Apartments | Medium One-Bedroom | 1BR,1BA | $1.75 |
| 520 Old Richardson Hwy, Unit B | 520 Old Richardson Hwy | 1BR,1BA | $1.88 |
| 649 Jennie Ln | 1 Bedroom | 1BR,1BA | $1.73 |
| 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 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 $750 to $3,000. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbanks ranging from $1,300 to $3,200.
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 $1,300 to $3,200 with an average monthly rent of $2,290.
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.