
Cheap Homes for Rent in North Lakes, AK from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in North Lakes.


1710 Muldoon Cir

13235 Foraker St

13209 N Foraker St

7541 Peck Ave
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.

2445 Ben Hogan Ave

7531 Peck Ave

12416 Elf Cir

4727 N Baron St

5645 E Beaver Ave, Unit F
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.
North Lakes, AK Local Guide

How much does it cost to rent a home in North Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Lakes 2 Bedroom Homes for Rent | $1,707 | $1,450 | $1,950 |
| North Lakes 3 Bedroom Homes for Rent | $2,372 | $1,700 | $3,000 |
| North Lakes 4 Bedroom Homes for Rent | $2,800 | $2,100 | $3,700 |
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North Lakes, AK Local Guide
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Cheapest Available North Lakes Apartments for Rent and Nearby
 The cheapest available apartment rental in North Lakes, AK is a Studio unit found at Panoramic View in the Government Hill neighborhood priced from $925. Castle in the Spenard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable North Lakes apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panoramic View | Studio | Studio,1BA | $925 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Forest Hill | 3 Bedroom | 3BR,1BA | $1,108 |
Best Value Apartments for Rent in North Lakes, AK and Nearby
As of January 11, 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 $2,245 with a $2.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Creekside Terrace | CS - 2 Bedroom | 2BR,1BA | $1.38 |
| Admirals Cove | 2x2 | 2BR,2BA | $2.04 |
| Town Square Manor Apartments | 2x2 924 | 2BR,2BA | $1.92 |
| Forest Hill | 2 Bedroom | 2BR,1BA | $1.27 |
| Legacy West | 2x1 | 2BR,1BA | $2.12 |
| Green Tree Apartments | 1 bedroom bottom | 1BR,1BA | $1.73 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
| The Mallary | 1 Bed | 1BR,1BA | $1.98 |
| Panoramic View | Studio | Studio ,1BA | $2.06 |
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about North Lakes
What type of rentals are currently available in North Lakes?
There are currently 45 Apartments for Rent in North Lakes, AK with pricing that ranges from $648 to $2,917. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Lakes ranging from $1,200 to $3,700.
What is the current price range for Rental Homes in North Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Lakes ranges from $1,200 to $3,700 with an average monthly rent of $2,054.
How much are larger Three and Four Bedroom Rentals in North Lakes?
For those who are looking for larger living arrangements, Three Bedroom Apartments in North Lakes range from $1,108 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,050.
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

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!