Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in Downtown Anchorage

424 Rentals
.
  9. The Alaskan Apartments - Kitchen - The Alaskan
    STUDIO
    $1,095

    The Alaskan

    102-110 E 11th Ave, Anchorage, AK 99501
  11. Castle Apartments - Kitchen - Castle
    STUDIO
    $1,100+
    1 BED
    $1,240+
    2 BEDS
    $1,450+

    Castle

    915 W 27th Ave, Anchorage, AK 99503
  15. Arbor Pointe Apartments - Living room - Arbor Pointe
    STUDIO
    $1,130+
    1 BED
    $1,320+

    Arbor Pointe

    1473 W 25th Ave, Anchorage, AK 99503
  22. Rancho Tudor Apartments - Kitchen - Rancho Tudor
    STUDIO
    $1,220+
    1 BED
    $1,390+

    Rancho Tudor

    3531 E 42nd Ave, Anchorage, AK 99508
  23. Susitna Ridge Apartments - Kitchen - Susitna Ridge
    STUDIO
    $1,225+
    1 BED
    $1,240+
    2 BEDS
    $1,360+

    Susitna Ridge

    1601 Medfra St, Anchorage, AK 99501
  24. Monument Sign - Chester Park Estate
    1 BED
    $1,225+
    2 BEDS
    $1,450+
    3 BEDS
    $1,800+
    4 BEDS
    $2,050+

    Chester Park Estate

    1019 E 20th Ave, Anchorage, AK 99501
  25. Park Plaza Apartments - Kitchen - Park Plaza
    1 BED
    $1,230

    Park Plaza

    201 E 16th Ave, Anchorage, AK 99501
  34. Ladera Villa Apartments - Kitchen - Ladera Villa
    STUDIO
    $1,275+
    1 BED
    $1,310+
    2 BEDS
    $1,605+
    3 BEDS
    $1,820+

    Ladera Villa

    2225 Arctic Blvd, Anchorage, AK 99503
  35. The Greenbriar Apartments - Kitchen - The Greenbriar
    STUDIO
    $1,280+
    2 BEDS
    $1,560+

    The Greenbriar

    4318 Vance Dr, Anchorage, AK 99508
Showing 42 of 158 results, Page 1 of 4

Anchorage at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Anchorage
41

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Anchorage
68

Somewhat Bikeable

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

Cheap Apartments in Downtown Anchorage Neighborhood in Anchorage, AK

When looking for cheap apartments in Downtown Anchorage, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Anchorage.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 158 cheap apartments available in Downtown Anchorage, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Anchorage

(For 1 bedroom apartments)

Getting Around Anchorage

Transportation

68

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.
68

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.
41

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

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

tooltips

I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.