
Cheap Apartments for Rent in Palmer, AK from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmer.


Eagle Ridge Townhomes

Hunter Creek Apartments

12100 E Woodstock Dr

Creekwood Park Apartments

Yenlo Square
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.

Panoramic View

McKinley Tower Apartments

Creekside Manor

Vista Rose Senior Apartments

Aspen Pines

Castle
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.

6796 Dan Joe St
Palmer, AK Local Guide

How much does it cost to rent an apartment in Palmer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer Studio Apartments | $1,457 | $925 | $2,125 |
| Palmer 1 Bedroom Apartments | $1,611 | $695 | $2,917 |
| Palmer 2 Bedroom Apartments | $1,795 | $866 | $2,839 |
| Palmer 3 Bedroom Apartments | $1,777 | $1,075 | $2,395 |
| Palmer 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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Palmer, AK Local Guide
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Cheapest Neighborhoods for Apartments in Palmer, AK
Pricing Updated: 01/24/2026Current apartment rentals in the Palmer, AK area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Palmer Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Outlying Matanuska Susitna Borough | $5,000 | $648 | 179 |
Cheapest Available Palmer Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmer, AK is a Studio unit found at Panoramic View in the Government Hill neighborhood priced from $925. Eagle Ridge Townhomes in the Outlying Matanuska Susitna Borough neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here is today’s list of the most affordable Palmer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panoramic View | Studio | Studio,1BA | $925 |
| Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $925 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Forest Hill | 3 Bedroom | 3BR,1BA | $1,108 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,115 |
Best Value Apartments for Rent in Palmer, AK and Nearby
As of January 24, 2026 the best value apartment in the Palmer 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 Palmer apartment is the 2x2 924 Model at Town Square Manor Apartments starting at $1,725 with a $1.92 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Palmer 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 |
| Town Square Manor Apartments | 2x2 924 | 2BR,2BA | $1.92 |
| Forest Hill | 2 Bedroom | 2BR,1BA | $1.27 |
| Green Tree Apartments | 2 bed 2nd floor | 2BR,1BA | $1.65 |
| Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $1.07 |
| Tudor Park Apartments | 1 bed 3rd floor | 1BR,1BA | $1.76 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| Central Park Apartments | 1 bedroom Floor Plan C | 1BR,1BA | $1.97 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
| The Mallary | 1 Bed | 1BR,1BA | $1.98 |
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
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Best Local Schools in Palmer, AK
Sherrod Elementary
Colony High School
Palmer Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palmer, AK Rentals by Map
See the most popular apartments and homes in Palmer, AK
Frequently Asked Questions about Cheap Palmer Apartments
What is a cheap apartment in Palmer?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palmer is under $1,245.
What is the price of a cheap apartment in Palmer?
The cheapest apartment in Palmer is Panoramic View which is listed at $1,050, while the average apartment in Palmer costs $5,000.
What types of apartments are the cheapest in Palmer?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Palmer that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Palmer?
Cheap apartments in Palmer have an average cost of $600 which is $4,400 cheaper than the average rent for all rentals in Palmer.
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

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.

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.