Cheap Apartments for Rent in Palmer, AK from $400 (8 Rentals)

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Eagle Ridge Townhomes
2 to 3 Bedroom Apartments

Eagle Ridge Townhomes

1775 Thuma StPalmer, AK 99645
  • Utilities Included

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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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

Cheapest Neighborhoods for Apartments in Palmer, AK

Pricing Updated: 09/08/2025

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$2,100$695154

Cheapest Available Palmer Apartments for Rent

 

The cheapest available apartment rental in Palmer, AK is a Studio unit found at Loussac Sogn in the Government Hill neighborhood priced from $700. 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$700
Merrill CrossingStudioStudio,1BA$900
Panoramic View1 Bed1BR,1BA$1,050

Best Value Apartments for Rent in Palmer, AK

As of September 08, 2025 the best value apartment in the Palmer area is the $1.48 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,100. The second greatest value Palmer apartment is the 3 Beds Model at Stephens Park starting at $1,875 with a $1.57 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$1.48
Stephens Park3 Beds3BR,2BA$1.57
Brighton Park3x23BR,2BA$1.86
The GreenbriarTwo Bedroom2BR,1BA$1.61
Forest Hill2 Bedroom2BR,1BA$1.27
Legacy2x12BR,1BA$1.82
The Mallary2 Bed2BR,1BA$1.59
AlpineOne Bedroom1BR,1BA$1.82
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

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Remember the 3 Rules of Real Estate:
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 $1,260.

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 $2,100.

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 12 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 $683 which is $1,417 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.