Cheap Apartments for Rent in Palmer, AK from $400 (65 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Glenwood Apartments
Studio to 2 Bedroom Apartments

Glenwood Apartments

1221 S Rogers CirWasilla, AK 99654
close
View Me
Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503
close
View Me
Aspen Pines
1 to 4 Bedroom Apartments

Aspen Pines

413 E Aspen AveWasilla, AK 99654
  • Utilities Included
property at 138 N Klevin St

$1,150 - $1,250

1 Bedroom Rentals

Available Now

138 N Klevin St

AnchorageAK99508
close
View Me
The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing

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.

Read Article
Showing Results 1-50, Page 1 of 2

Palmer, AK Local Guide

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 06/09/2026

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$500122

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 $712. 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$712
Merrill CrossingStudioStudio,1BA$900
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925
North Pointe Apartments0Studio,1BA$950
Panoramic ViewStudioStudio,1BA$975
ContinentalStudioStudio,1BA$1,050
CastleStudio smallStudio,1BA$1,090
College ViewStudioStudio,1BA$1,185
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,210
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225

Best Value Apartments for Rent in Palmer, AK and Nearby

As of June 10, 2026 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 $1,625 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.
Mariners View2B/2B2BR,2BA$1.41
Stephens Park2 Bed2BR,1BA$1.66
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
Rancho TudorTwo Bedroom2BR,1BA$1.86
AlpineTwo Bedroom2BR,1BA$1.83
Tudor Park Apartments1 bed 2nd floor1BR,1BA$1.80
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.70
Green Tree Apartments1 bedroom 3rd floor1BR,1BA$1.80
Chester Park Estate1BD/1BA- Floorplan A1BR,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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Palmer, AK

View Map
Palmer, AK Apartments Map
View Map
Palmer, AK Rental Homes Map

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 $1,225.

What is the price of a cheap apartment in Palmer?

The cheapest apartment in Palmer is North Pointe Apartments 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 4 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 $144 which is $4,856 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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.