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Apartments under $1,600 for Rent in Anchorage, AK

234 Rentals
.
  12. 1 BED
    $1,395+
    2 BEDS
    $1,480+

    Russian Jack

    4545 Reka Dr, Anchorage, AK 99508
  14. STUDIO
    $1,325+
    1 BED
    $1,535+

    The Greenbriar

    4318 Vance Dr, Anchorage, AK 99508
  32. 2 BEDS, 1 BATH
    $1,505

    12332 End St

    12332 End St, Anchorage, AK 99577
Showing 42 of 82 results, Page 1 of 2

Living & Renting in Anchorage

Anchorage at a Glance

Average Rent

$1,333
(All bedrooms and property types)
Learn more about
Average Rent in Anchorage
8

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

Anchorage sits at the terminus of Cook Inlet on a peninsula formed by the Knik Arm to the north and Turnagain Arm to the south, with the Chugach Mountains providing a dramatic backdrop to Alaska's largest city. Originally established as a tent city in 1915 during construction of the Alaska Railroad, Anchorage has grown into a metropolitan area that contains nearly 40 percent of the state's population. Those looking for apartments for rent in Anchorage will find options ranging from contemporary communities in Midtown to historic neighborhoods like South Addition, where tree-lined streets and established architecture create an appealing residential setting.

Renting in Anchorage offers access to both city amenities and incredible outdoor recreation. Downtown serves as the cultural and commercial center, while neighborhoods throughout the city provide proximity to the University of Alaska Anchorage, major employers in the oil and gas, transportation, and tourism sectors, and essential services. The Tony Knowles Coastal Trail stretches 11 miles along the waterfront, and nearby skiing destinations are easily accessible. With a median household income of $91,017 and average rents ranging from around $1,132 for studios to $1,794 for three-bedroom apartment communities, Anchorage provides a strong economic foundation for renters. The Glenn Highway and Seward Highway connect residents to the broader region, while the Alaska Native Heritage Center and seasonal attractions like the Anchorage Market and ice skating at Town Square Park add cultural depth to daily life.

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

GreatSchools Rating
South Anchorage High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Eagle River High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Service High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Goldenview Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Mirror Lake Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Romig Middle School

Public Middle School

Public
Grades 6-8
Students

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

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