Last Updated: 2 Hrs. Ago

Monthly Rent

$1,360 - $1,890

Beds

Studio - 2

Baths

1 - 2

* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Note: Based on community-supplied data and independent market research. Subject to change without notice.

Lease Terms

10 - 15 Month Leases

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the calculator to add these fees to the base rent.

  • One-Time Basics
    • Deposit
    • Due at Application
      • Application Fee Per Applicant
        Charged per applicant.
        $25
        Charged per applicant.

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

About Terrace on the Lake

Terrace on the Lake Apartment Homes offers comfortable, pet-friendly apartments in Anchorage, AK.Choose from studio, 1, or 2-bedroom apartments featuring modern kitchens with a full suite of appliances and ample counter space. You'll have convenient features, like in-unit laundry, ceiling fans, and large closets. Select apartments have dining areas, walk-in closets, and fireplaces. Our community amenities include on-site tennis courts, a fitness center, a soothing sauna, and a dog park. Our 24-hour emergency maintenance services and courtesy security patrol will give you peace of mind.Terrace on The Lake is near the Walter J. Hickel Parkway, offering an easy commute to anywhere in Anchorage. You'll live near Providence Hospital, Alaska Native Medical Center, Joint Base Elmendorf-Richardson, and the University of Alaska Anchorage. Outdoor attractions, like Bentzen Lake and the Chugach Mountains, are close to home. You belong at Terrace on the Lake Apartments in Anchorage, AK!

Terrace on the Lake is located in Anchorage, Alaska in the 99517 zip code. This apartment community was built in 1977 and has 3 stories with 146 units.

Special Features

  • * Select Apartments
  • *In select homes
  • 24-Hour Emergency Maintenance
  • Barbecue/Grill Station
  • Cardio Machines
  • Carpeting
  • Ceiling Fans*
  • Complete Kitchen Appliance Package
  • Efficient Appliances
  • Energy Efficient Windows (Triple Paned)
  • Fireplace*
  • Fitness Center
  • Furnished Apartments Available*
  • Garbage Disposal*
  • In-home Washer/Dryer
  • Large Closets
  • Microwave*
  • Night Patrol
  • Online Payments & Service Requests
  • On-Site Maintenance
  • On-Site Management
  • Package Receiving
  • Planned Social Activities/ Resident Events
  • Sauna
  • Triple Pane Windows
  • Walk-in Closets*
  • Washer & Dryer In Each Home

Community Features

  • Maintenance on site
  • 24 Hour Access
  • Furnished Units Available
  • Planned Social Activities
  • Pet Play Area
  • Corporate Suites
  • Walk-Up
  • Courtyard
  • Grill
  • Picnic Area
  • Pond
  • Fitness Center
  • Sauna
  • Playground

Floorplan Amenities

  • Heating
  • Ceiling Fans
  • Smoke Free
  • Tub/Shower
  • Fireplace
  • Dishwasher
  • Disposal
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Carpet
  • Vinyl Flooring
  • Dining Room
  • Walk-In Closets
  • Linen Closet
  • Lawn

Security

  • Property Manager on Site

Airport

  • Ted Stevens Anchorage International

    Drive: 6 min 2.4 mi

  • Merrill Field

    Drive: 14 min 6.2 mi

Universities

Parks & Recreation

  • Anchorage Park Foundation

    Drive: 8 min 3.9 mi

  • Tony Knowles Coastal Trail

    Drive: 8 min 4.1 mi

  • Anchorage Museum

    Drive: 8 min 4.2 mi

  • BLM Campbell Creek Science Center

    Drive: 14 min 7.4 mi

  • Alaska Museum of Natural History

    Drive: 14 min 7.5 mi

Shopping Centers & Malls

Military Bases

Schools

 GreatSchools Rating

Private Elementary, Middle & High School

162 Students
(907) 276-5822
Grades K-12

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Downtown Anchorage in Anchorage, AK

Ratings

Walkability

NR
Not Rated

Transit

NR
Not Rated

Bikeability

NR
Not Rated

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