
Cheap Homes for Rent in Palmer, AK from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Palmer.


1309 N Pioneer Peak Dr

3350 Boniface Pky

7618 E 4th Ave

3310 Boniface Pky
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.

3162 Tarwater Ave

7726 Duben Ave

7541 Peck Ave

5612 Chilkoot Ct

617 W Fern Ave
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.
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 | $1,871 | $1,200 | $3,000 |
| Palmer 3 Bedroom Homes for Rent | $2,603 | $2,000 | $3,900 |
| Palmer 4 Bedroom Homes for Rent | $3,199 | $2,400 | $4,000 |
| Palmer 5 Bedroom Homes for Rent | $3,500 | $3,400 | $3,600 |
Browse Top Homes for Rent in Palmer
Explore Palmer
Palmer, AK Local Guide
- Palmer Neighborhoods
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Cheapest Neighborhoods for Apartments in Palmer, AK
Pricing Updated: 07/11/2026Current 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 | $695 | 120 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $925 |
| North Pointe Apartments | 0 | Studio,1BA | $950 |
| Panoramic View | Studio | Studio,1BA | $975 |
Best Value Apartments for Rent in Palmer, AK and Nearby
As of July 11, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.55 |
| Four Seasons | 2 bedroom singlewide | 2BR,2BA | $1.95 |
| 1101 Eagle St | 3 bed / 1 bath | 3BR,1BA | $1.69 |
| Eagle Ridge Townhomes | 2 Beds, 2 baths | 2BR,2BA | $1.07 |
| Tudor Park Apartments | 1 bed Bottom | 1BR,1BA | $1.80 |
| Green Tree Apartments | 1 bedroom 3rd floor | 1BR,1BA | $1.80 |
| Taiga | One Bedroom | 1BR,1BA | $1.96 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| The Mallary | 1 Bed | 1BR,1BA | $1.94 |
| Merrill Crossing | 1 Bed | 1BR,1BA | $1.80 |
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 ArticleReal 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 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 73 Apartments for Rent in Palmer, AK with pricing that ranges from $695 to $4,000. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer ranging from $1,200 to $4,000.
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 $4,000 with an average monthly rent of $2,504.
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

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.

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.

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.

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.