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


Yenlo Square

Panoramic View
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.

McKinley Tower Apartments

Creekside Manor

12994 W PayDirt Rd
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.
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 | $1,383 | $925 | $2,025 |
| Palmer 1 Bedroom Apartments | $1,629 | $695 | $2,917 |
| Palmer 2 Bedroom Apartments | $1,834 | $866 | $3,230 |
| Palmer 3 Bedroom Apartments | $2,055 | $1,108 | $2,445 |
| Palmer 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Top Apartments in Palmer
See all Apartments in PalmerExplore Palmer
Palmer, AK Local Guide
- Palmer Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Palmer, AK
Pricing Updated: 12/10/2025Current 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 | $3,950 | $800 | 120 |
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. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. 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 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| McKinley Tower Apartments | Unit J Studio | Studio,1BA | $1,010 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Forest Hill | 3 Bedroom | 3BR,1BA | $1,108 |
Best Value Apartments for Rent in Palmer, AK and Nearby
As of December 10, 2025 the best value apartment in the Palmer area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value Palmer apartment is the 2 Bed Model at Stephens Park starting at $1,525 with a $1.56 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| Town Square Manor Apartments | 2x2 924 | 2BR,2BA | $1.92 |
| Forest Hill | 2 Bedroom | 2BR,1BA | $1.27 |
| Tudor Park Apartments | 2bedroom Bottom Floor | 2BR,1BA | $1.63 |
| The Mallary | 2 Bed | 2BR,1BA | $1.75 |
| Green Tree Apartments | 1 bedroom bottom | 1BR,1BA | $1.73 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1.79 |
| Taiga | One Bedroom | 1BR,1BA | $2.01 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
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 ArticleQuick 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.
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
Getting Around Palmer, AK
Walk Score®
30 / 100
Car-Dependent
Most errands require a car
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Panoramic View listed at $925.
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 Panoramic View.
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 $1,108 at Forest Hill.
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

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!

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.






