Cheap Apartments for Rent in Palmer, AK from $695 (56 Rentals)

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

property at 305 N Bonanza St
$750 - $850

Total Monthly Price

Base Rent$750 - $850
Total Monthly Price$750 - $850
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

305 N Bonanza St

PalmerAK99645

Rent According to Income: A Look at Income-Restricted Rentals

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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Glenwood Apartments
Studio to 2 Bedroom Apartments

Glenwood Apartments

1221 S Rogers CirWasilla, AK 99654
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Aspen Pines
1 to 4 Bedroom Apartments

Aspen Pines

413 E Aspen AveWasilla, AK 99654
  • Utilities Included
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Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503
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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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Amber Ridge
1 to 2 Bedroom Apartments

Amber Ridge

3235 E Cottle Loop RdWasilla, AK 99654
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Terrace on the Lake
Studio to 2 Bedroom Apartments

Terrace on the Lake

2421 Bentzen CirAnchorage, AK 99517
Corporate Housing
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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503
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Brighton Woods
1 to 2 Bedroom Apartments

Brighton Woods

1204 Norman StAnchorage, AK 99504
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Timber Ridge
1 to 2 Bedroom Apartments

Timber Ridge

13900 Old Glenn HwyEagle River, AK 99577

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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Showing Results 1-50, Page 1 of 2

Palmer, AK Local Guide

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 09/09/2026

Current apartment rentals in the Palmer, AK area range in price from $695 to $5,416 with an overall median price of $1,650. Here is today’s list neighborhoods with the lowest median pricing for Palmer Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Outlying Matanuska Susitna Borough$1,650$695100

Cheapest Available Palmer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palmer, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Palmer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925
Panoramic ViewStudioStudio,1BA$925
North Pointe Apartments0Studio,1BA$950
McKinley Tower ApartmentsUnit J StudioStudio,1BA$1,050
Castle Apartment HomesStudio smallStudio,1BA$1,100
City ViewStudioStudio,1BA$1,145
College ViewStudioStudio,1BA$1,155
The Mallary1 Bed1BR,1BA$1,200

Best Value Apartments for Rent in Palmer, AK and Nearby

As of September 09, 2026 the best value apartment in the Palmer area is the $2.17 price per square foot 2x2 Model at Admirals Cove in the in the Downtown Anchorage neighborhood starting from $2,385. The second greatest value Palmer apartment is the 3x2 Model at Brighton Park starting at $2,299 with a $2.19 price per square foot in the Downtown Anchorage neighborhood. Here is today’s list of the best values for Palmer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Admirals Cove2x22BR,2BA$2.17
Brighton Park3x23BR,2BA$2.19
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
Rancho TudorTwo Bedroom2BR,1BA$1.92
Susitna Ridge2 BR x 1 BA2BR,1BA$2.12
Chester Park Estates1BD/1BA- Floorplan A1BR,1BA$1.83
The Mallary1 Bed1BR,1BA$2.03
Panoramic View1 Bed1BR,1BA$2.11
North Pointe Apartments11BR,1BA$2.19
Merrill CrossingStudioStudio ,1BA$2.09

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Palmer, AK

School data provided by Great Schools

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

Explore Palmer, AK Rentals by Map

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Frequently Asked Questions about Cheap Palmer Apartments

What is the Cheapest Studio apartment in Palmer?

Currently the most affordable Cheap Studio Apartment in Palmer is at Loussac Sogn listed at $700.

How much is rent for a Cheap One Bedroom Palmer Apartment?

The lowest price for a Cheap One Bedroom Palmer Apartment is $1,050 at North Pointe Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Palmer 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.