Cheap Apartments for Rent in Palmer, AK from $400 (10 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Aspen Pines
2 to 3 Bedroom Apartments

Aspen Pines

413 E Aspen AveWasilla, AK 99654
  • Utilities Included

Palmer, AK Local Guide

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 07/24/2025

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$2,050$695120

Cheapest Available Palmer Apartments for Rent

 

The cheapest available apartment rental in Palmer, AK is a Studio unit found at Merrill Crossing in the Government Hill neighborhood priced from $900. Panoramic View in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Palmer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
Panoramic ViewStudioStudio,1BA$925
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925

Best Value Apartments for Rent in Palmer, AK

As of July 24, 2025 the best value apartment in the Palmer area is the $1.57 price per square foot 3 Beds Model at Stephens Park in the in the Downtown Anchorage neighborhood starting from $1,875. The second greatest value Palmer apartment is the 3x2 Model at Brighton Park starting at $1,949 with a $1.86 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.
Stephens Park3 Beds3BR,2BA$1.57
Brighton Park3x23BR,2BA$1.86
Town Square Manor Apartments2x2 9242BR,2BA$1.92
Forest Hill2 Bedroom2BR,1BA$1.27
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
Green Tree Apartments1 Bedroom Bottom1BR,1BA$1.55
Legacy2x12BR,1BA$1.88
The Mallary2 Bed2BR,1BA$1.59
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Amber RidgeWasilla Fishhook 1x11BR,1BA$1.92

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Location, Location, Location!

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Getting Around Palmer, AK

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

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 $1,265.

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 $2,050.

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 11 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 $766 which is $1,284 cheaper than the average rent for all rentals in Palmer.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.