Cheap Apartments for Rent in North Lakes, AK from $600 (40 Rentals)

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

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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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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Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503
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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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Terrace on the Lake
Studio to 2 Bedroom Apartments

Terrace on the Lake

2421 Bentzen CirAnchorage, AK 99517
Corporate Housing

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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Amber Ridge
1 to 2 Bedroom Apartments

Amber Ridge

3235 E Cottle Loop RdWasilla, AK 99654
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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-40, Page 1 of 1

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$1,060
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
College ViewStudioStudio,1BA$1,170
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
The Club at Eagle PointEagles Nest1BR,1BA$1,229
Glenwood Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1,250
Continental1 BR1BR,1BA$1,260
Susitna Ridge1 BR1BR,1BA$1,275

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

As of April 12, 2026 the best value apartment in the North Lakes area is the $1.90 price per square foot 2x2 Model at Admirals Cove in the in the Downtown Anchorage neighborhood starting from $2,095. The second greatest value North Lakes apartment is the 2 bedroom singlewide Model at Four Seasons starting at $2,099 with a $2.05 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.
Admirals Cove2x22BR,2BA$1.90
Four Seasons2 bedroom singlewide2BR,2BA$2.05
Glenwood Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1.25
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
The Mallary2 Bed2BR,1BA$1.75
AlpineOne Bedroom1BR,1BA$1.81
TaigaOne Bedroom1BR,1BA$2.03
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76

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.

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

Explore North Lakes, AK Rentals by Map

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See the most popular apartments and homes in North Lakes, AK

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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.

What is the most affordable North Lakes Three Bedroom Apartment?

The best deal on a cheap North Lakes Three Bedroom Apartment rental is at 1101 Eagle St and starts from $1,550.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.