Cheap Apartments for Rent in Palmer, AK from $400 (14 Rentals)

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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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Aspen Pines
1 to 4 Bedroom Apartments

Aspen Pines

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

Castle

915 W 27th AveAnchorage, AK 99503

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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Showing Results 1-14, Page 1 of 1

Palmer, AK Local Guide

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 03/11/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Outlying Matanuska Susitna Borough$5,000$500143

Cheapest Available Palmer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palmer, 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 Palmer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925
Panoramic ViewStudioStudio,1BA$975
CastleStudio X smallStudio,1BA$1,100
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,155

Best Value Apartments for Rent in Palmer, AK and Nearby

As of March 11, 2026 the best value apartment in the Palmer 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 Palmer apartment is the 2 Bed Model at Stephens Park starting at $1,625 with a $1.66 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$1.90
Stephens Park2 Bed2BR,1BA$1.66
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
The Mallary2 Bed2BR,1BA$1.75
Legacy West2x12BR,1BA$2.05
The Outlook Apartments2 Bedroom Apartment2BR,1BA$2.00
Tudor Park Apartments1 bedroom bottom1BR,1BA$1.81
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76
Panoramic ViewStudioStudio ,1BA$2.17

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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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 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 $1,285.

What is the price of a cheap apartment in Palmer?

The cheapest apartment in Palmer is Panoramic View which is listed at $1,100, 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 5 regular apartments in Palmer that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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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.