
Cheap Homes for Rent in Palmer, AK from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Palmer.


3230 Boniface Pkwy

1710 Muldoon Cir

815 N Park St

5130 Taku Dr

13235 Foraker St
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.

8504 Boundary Ave

4012 Reka Dr

132 N Lane St

315 E 12th Ave

6409 S Aurora Dr

167 Michael Ct
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.
Palmer, AK Local Guide

How much does it cost to rent a home in Palmer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer 2 Bedroom Homes for Rent | $1,965 | $1,350 | $2,800 |
| Palmer 3 Bedroom Homes for Rent | $2,780 | $2,050 | $3,300 |
| Palmer 4 Bedroom Homes for Rent | $2,800 | $2,100 | $3,500 |
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Palmer, AK Local Guide
- Palmer Neighborhoods
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Cheapest Neighborhoods for Apartments in Palmer, AK
Pricing Updated: 04/07/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Outlying Matanuska Susitna Borough | $5,000 | $648 | 126 |
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. Merrill Crossing 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $925 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| Panoramic View | Studio | Studio,1BA | $975 |
| Continental | Studio | Studio,1BA | $1,050 |
| Castle | Studio X small | Studio,1BA | $1,060 |
Best Value Apartments for Rent in Palmer, AK and Nearby
As of April 07, 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 bedroom singlewide Model at Four Seasons starting at $2,099 with a $2.05 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Admirals Cove | 2x2 | 2BR,2BA | $1.90 |
| Four Seasons | 2 bedroom singlewide | 2BR,2BA | $2.05 |
| Glenwood Apartments | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.25 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.59 |
| Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $1.07 |
| The Mallary | 2 Bed | 2BR,1BA | $1.75 |
| Alpine | One Bedroom | 1BR,1BA | $1.81 |
| Tudor Park Apartments | 1 bedroom bottom | 1BR,1BA | $1.78 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| Northwind Apartments | Studio 3rd floor | Studio ,1BA | $1.76 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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.
Best Local Schools in Palmer, AK
Sherrod Elementary
Colony High School
Palmer Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palmer, AK Rentals by Map
See the most popular apartments and homes in Palmer, AK
Frequently Asked Questions about Palmer
What type of rentals are currently available in Palmer?
There are currently 69 Apartments for Rent in Palmer, AK with pricing that ranges from $695 to $2,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer ranging from $1,200 to $3,500.
What is the current price range for Rental Homes in Palmer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmer ranges from $1,200 to $3,500 with an average monthly rent of $2,222.
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

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.

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.

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.

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.