Cheap Apartments for Rent in North Lakes, AK from $600 (12 Rentals)

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

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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Eagle Ridge Townhomes
2 to 3 Bedroom Apartments

Eagle Ridge Townhomes

1775 Thuma StPalmer, AK 99645
  • Utilities Included

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.

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 Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. Panoramic View in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable North Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Panoramic ViewStudioStudio,1BA$925
Forest Hill3 Bedroom3BR,1BA$1,108
CastleStudio X smallStudio,1BA$1,115
Northwind Apartments2nd floor StudioStudio,1BA$1,125

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

As of October 06, 2025 the best value apartment in the North Lakes area is the $1.57 price per square foot 3 Beds Model at Stephens Park in the in the Downtown Anchorage neighborhood starting from $1,875. The second greatest value North Lakes apartment is the Two Bedroom Model at The Greenbriar starting at $1,530 with a $1.60 price per square foot in the University Area 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.
Stephens Park3 Beds3BR,2BA$1.57
The GreenbriarTwo Bedroom2BR,1BA$1.60
Forest Hill2 Bedroom2BR,1BA$1.27
Green Tree Apartments2 bedroom 1st floor2BR,1BA$1.63
Legacy2x12BR,1BA$1.82
The Mallary2 Bed2BR,1BA$1.59
Tudor Park Apartments1 bed 2nd floor1BR,1BA$1.73
Merrill Crossing2 Beds2BR,1BA$1.74
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

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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 Loussac Sogn listed at $700.

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

The lowest price for a Cheap One Bedroom North Lakes Apartment is $1,050 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 $1,108 at Forest Hill.

What is the most affordable North Lakes Three Bedroom Apartment?

The best deal on a cheap North Lakes Three Bedroom Apartment rental is at Forest Hill and starts from $1,108.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.