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Apartments under $1,500 for Rent in Anchorage, AK

172 Rentals
.
  3. Alpine Apartments - Kitchen - Alpine
    Exceptional Value
    STUDIO
    $1,255+
    1 BED
    $1,350+
    2 BEDS
    $1,435+

    Alpine

    5215 Mockingbird Dr, Anchorage, AK 99507
    Call
  9. Building Photo - Legacy
    Exceptional Value
    2 BEDS
    $1,425

    Legacy

    141 Patterson St, Anchorage, AK 99504
  12. Good Value
    STUDIO
    $1,125+
    1 BED
    $1,215+

    Castle

    915 W 27th Ave, Anchorage, AK 99503
  13. Rent Special
    Rent Special
    2 BEDS
    $1,499

    Legacy West

    141 Patterson St, Anchorage, AK 99504
  14. Rent Special
    Rent Special
    1 BED
    $1,385

    Taiga

    423 W 22nd Ave, Anchorage, AK 99503
  16. Price Drop. $192 Off
    1 BED
    $1,255+
    2 BEDS
    $1,404+

    Russian Jack

    4545 Reka Dr, Anchorage, AK 99508
  18. Discounts
    Discounts
    STUDIO
    $1,225+
    1 BED
    $1,420+
    2 BEDS
    $1,465+

    The Greenbriar

    4318 Vance Dr, Anchorage, AK 99508
  19. 1 BED
    $1,150+
    2 BEDS
    $1,375+

    The Mallary

    660 W 34th Ave, Anchorage, AK 99503
  20. Discounts
    Discounts
    STUDIO
    $1,335+
    1 BED
    $1,320+
    2 BEDS
    $1,410+

    Susitna Ridge

    1601 Medfra St, Anchorage, AK 99501
Showing 42 of 62 results, Page 1 of 2

Living & Renting in Anchorage

Anchorage at a Glance

Average Rent

$1,303
(All bedrooms and property types)
Learn more about
Average Rent in Anchorage
6

School Rating

out of 10 Rating
Learn more about
Schools in Anchorage
35

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Anchorage
67

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Anchorage

Anchorage, AK Apartments for Rent

As Alaska's largest city, Anchorage combines city living with spectacular natural surroundings. Situated on the Cook Inlet in South Central Alaska, Anchorage residents enjoy moderate rental rates with one-bedroom apartments averaging around $1,286 per month. The city encompasses over 1,900 square miles of diverse terrain that includes mountains, forests, and coastal areas. Anchorage serves as the economic center of Alaska, with major employers in government, oil, transportation, and tourism sectors.

Those seeking apartments in Anchorage will find a city where wilderness adventures and metropolitan amenities coexist. Rental options include downtown apartments with mountain views and residential neighborhood units, with two-bedroom apartments averaging $1,562 monthly. Despite its northern location, Anchorage offers contemporary conveniences, cultural attractions, and easy access to Alaska's wilderness.

Why Anchorage?

  • Enjoying the northern lights in the wintertime and the midnight sun in summer.
  • Getting around by dog sled, snowmobile, snowboard, skates, and snowshoes.
  • Skiing, fishing, hiking, biking, and whale-watching surrounded by stunning beauty.
  • Sharing the road with the occasional moose — or grizzly bear. Salmon year-round.
  • Six mountain ranges and spectacular parks, such as Chugach State Park.
  • A sleek, modern downtown with plenty of shopping, restaurants, and businesses.

Renting in Anchorage

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Anchorage

(For 1 bedroom apartments)

Getting Around Anchorage

Transportation

62

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
67

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
35

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Private University
Public University
8
Eagle River High School
out of 10 Rating
Public | Grades 9- 12 | 791 Students
7
South Anchorage High School
out of 10 Rating
Public | Grades 9- 12 | 1,318 Students
6
Service High School
out of 10 Rating
Public | Grades 9- 12 | 1,544 Students
6
Gruening Middle School
out of 10 Rating
Public | Grades 6- 8 | 589 Students
School data provided by Great Schoolsⓘ
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