Cheap Apartments for Rent in Palmer, AK from $400 (50 Rentals)

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

property at 305 N Bonanza St

$750 - $850

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $850
Total Monthly Price
$750 - $850

1 Bedroom, 1 Bath Home for Rent

Available Aug 15

305 N Bonanza St

PalmerAK99645

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Glenwood Apartments
Studio to 2 Bedroom Apartments

Glenwood Apartments

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

Continental

3321 Eureka StAnchorage, AK 99503

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.

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property at 7541 Peck Ave

$1,300 - $1,600

1 To 2 Bedroom Rentals

Available Now

7541 Peck Ave

AnchorageAK99504
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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503
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Timber Ridge
1 to 2 Bedroom Apartments

Timber Ridge

13900 Old Glenn HwyEagle River, AK 99577
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Brighton Woods
1 to 2 Bedroom Apartments

Brighton Woods

1204 Norman StAnchorage, AK 99504
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Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd AveAnchorage, AK 99501

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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Showing Results 1-50, Page 1 of 1

Palmer, AK Local Guide

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 07/25/2026

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$695111

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. North Pointe Apartments 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 ListingModel NameBed/BathPriced From
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$925
North Pointe Apartments0Studio,1BA$950
Merrill CrossingStudioStudio,1BA$950
CastleStudio X smallStudio,1BA$1,095
Panoramic View1 Bed1BR,1BA$1,100
College ViewStudioStudio,1BA$1,155
City ViewStudioStudio,1BA$1,170
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
Amber RidgeWasilla Fishhook 1x11BR,1BA$1,295
The Outlook Apartments1 Bedroom Apartment1BR,1BA$1,310

Best Value Apartments for Rent in Palmer, AK and Nearby

As of July 25, 2026 the best value apartment in the Palmer area is the $1.55 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,200. The second greatest value Palmer apartment is the 2 bedroom singlewide Model at Four Seasons starting at $1,999 with a $1.95 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$1.55
Four Seasons2 bedroom singlewide2BR,2BA$1.95
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Eagle Ridge Townhomes2 Beds, 2 baths2BR,2BA$1.07
Rancho TudorTwo Bedroom2BR,1BA$1.92
The Mallary2 Bed2BR,1BA$1.75
Tudor Park Apartments1 bed Bottom1BR,1BA$1.80
Green Tree Apartments1 bedroom 3rd floor1BR,1BA$1.80
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Amber RidgeWasilla Fishhook 1x11BR,1BA$1.99

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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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.

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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 $1,310.

What is the price of a cheap apartment in Palmer?

The cheapest apartment in Palmer is Merrill Crossing which is listed at $1,000, 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 3 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.