Cheap Apartments for Rent in North Lakes, AK from $600 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in North Lakes.

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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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.

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Castle
Studio to 2 Bedroom Apartments

Castle

915 W 27th AveAnchorage, AK 99503
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Susitna Ridge
Studio to 2 Bedroom Apartments

Susitna Ridge

1601 Medfra StAnchorage, AK 99501
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Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503

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.

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North Lakes, AK Local Guide

Cheapest Available North Lakes Apartments for Rent and Nearby

 

The cheapest available apartment rental in North Lakes, AK is a 2 Beds unit found at Eagle Ridge Townhomes in the Outlying Matanuska Susitna Borough neighborhood priced from $925. Panoramic View in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here is today’s list of the most affordable North Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925
Panoramic ViewStudioStudio,1BA$975
CastleStudio X smallStudio,1BA$1,100
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
College ViewStudioStudio,1BA$1,160

Best Value Apartments for Rent in North Lakes, AK and Nearby

As of February 26, 2026 the best value apartment in the North Lakes area is the $1.38 price per square foot CS - 2 Bedroom Model at Creekside Terrace in the in the Downtown Anchorage neighborhood starting from $1,695. The second greatest value North Lakes apartment is the 2x2 Model at Admirals Cove starting at $2,095 with a $1.90 price per square foot in the Downtown Anchorage neighborhood. Here is today’s list of the best values for North Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
Admirals Cove2x22BR,2BA$1.90
Stephens Park2 Bed2BR,1BA$1.66
Town Square Manor Apartments2x2 9242BR,2BA$1.92
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
The Mallary2 Bed2BR,1BA$1.75
Tudor Park Apartments1 bed 3rd floor1BR,1BA$1.76
TaigaOne Bedroom1BR,1BA$2.03
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76

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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The 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.

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Cash 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap North Lakes Apartments

What is the Cheapest Studio apartment in North Lakes?

Currently the most affordable Cheap Studio Apartment in North Lakes is at Panoramic View listed at $975.

How much is rent for a Cheap One Bedroom North Lakes Apartment?

The lowest price for a Cheap One Bedroom North Lakes Apartment is $1,100 at Panoramic View.

What is the lowest price for a Cheap Two Bedroom North Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in North Lakes is starting from $925 at Eagle Ridge Townhomes.

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

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.