Cheap Apartments for Rent in the Matanuska Valley Neighborhood of Wasilla, AK from $400 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Matanuska Valley area of Wasilla.

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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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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2651 E Quiet Cir
Studio to 1 Bedroom Apartments

2651 E Quiet Cir

2651 E Quiet CirWasilla, AK 99654
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Birches II Apartments
1 to 2 Bedroom Apartments

Birches II Apartments

235 E Kalli CirWasilla, AK 99654
Senior Living
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Aspen Pines
1 to 4 Bedroom Apartments

Aspen Pines

413 E Aspen AveWasilla, AK 99654
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2331 W Melanie Ave
2 Bedroom Apartments

2331 W Melanie Ave

2331 W Melanie AveWasilla, AK 99654
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Bella Vista West
2 to 4 Bedroom Apartments

Bella Vista West

951 E Old Matanuska RdWasilla, AK 99654
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Amber Ridge
1 to 2 Bedroom Apartments

Amber Ridge

3235 E Cottle Loop RdWasilla, AK 99654

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.

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North Pointe Apartments
Studio to 3 Bedroom Apartments

North Pointe Apartments

905 Richardson Vista RdAnchorage, AK 99501
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Caswell Court
1 to 2 Bedroom Apartments

Caswell Court

Centennial CirAnchorage, AK 99504
Senior Living
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Mountain View Apartments
1 to 2 Bedroom Apartments

Mountain View Apartments

185 Rideline LoopAnchorage, AK 99508
Senior Living
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Milepost O Apartments
1 Bedroom Apartments

Milepost O Apartments

618 Gambell StAnchorage, AK 99501
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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.

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Gill Oscar House
1 Bedroom Apartments

Gill Oscar House

1344 W 10th AveAnchorage, AK 99501
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Conifer Grove
Studio to 3 Bedroom Apartments

Conifer Grove

218 McCarrey StAnchorage, AK 99508
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Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd AveAnchorage, AK 99501
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Brighton Woods
1 to 2 Bedroom Apartments

Brighton Woods

1204 Norman StAnchorage, AK 99504
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Coronado Park Townhomes
1 to 3 Bedroom Apartments

Coronado Park Townhomes

11516 Grand Canyon LoopEagle River, AK 99577
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Horizon West
1 to 2 Bedroom Apartments

Horizon West

540 L StAnchorage, AK 99501
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The Glen
1 to 3 Bedroom Apartments

The Glen

1200 Columbine StAnchorage, AK 99508
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Showing Results 1-47, Page 1 of 1

Matanuska Valley, Wasilla, AK Local Guide

Cheapest Available Matanuska Valley Apartments for Rent

 

The cheapest available apartment rental in the Matanuska Valley area of Wasilla, AK is a Studio unit found at Merrill Crossing priced from $900. Panoramic View has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Matanuska Valley apartments for rent in Wasilla, AK:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
Panoramic ViewStudioStudio,1BA$975
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
Conifer GroveStudioStudio,1BA$1,160
Glenwood Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1,250
Amber RidgeWasilla Fishhook 1x11BR,1BA$1,320
Century PlazaStudioStudio,1BA$1,380
Brighton WoodsAspen1BR,1BA$1,445
The GlenOne Bedroom1BR,1BA$1,495

Best Value Apartments for Rent in Matanuska Valley, AK

As of April 16, 2026 the best value apartment in the Matanuska Valley area is the $2.08 price per square foot 8001 E 3rd Ave Model at 8001 E 3rd Ave in the in the Downtown Anchorage neighborhood starting from $2,500. The second greatest value Matanuska Valley 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 Matanuska Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8001 E 3rd Ave8001 E 3rd Ave3BR,1BA$2.08
Four Seasons2 bedroom singlewide2BR,2BA$2.05
1009 E 9th Ave, Unit B1009 E 9th Ave2BR,1BA$1.60
Glenwood Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1.25
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
225 E Stonehaven Cir, Unit D225 E Stonehaven Cir2BR,1BA$1.76
Legacy West3x13BR,1BA$2.20
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76
Panoramic ViewStudioStudio ,1BA$2.17
Merrill CrossingStudioStudio ,1BA$2.09

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.

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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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The 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.

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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.

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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.

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Best Local Schools in
Matanuska Valley, Wasilla, AK

School data provided by Great Schools

Frequently Asked Questions about Cheap Matanuska Valley Apartments

What is a cheap apartment in Matanuska Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Matanuska Valley is under $1,495.

What is the price of a cheap apartment in Matanuska Valley?

The cheapest apartment in Matanuska Valley is Panoramic View which is listed at $1,100, while the average apartment in Matanuska Valley costs $5,000.

What types of apartments are the cheapest in Matanuska Valley?

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 5 regular apartments in Matanuska Valley 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 Matanuska Valley?

Cheap apartments in Matanuska Valley have an average cost of $174 which is $4,826 cheaper than the average rent for all rentals in Matanuska Valley.

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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.

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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.