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Cheap Apartments for Rent in Anchorage, AK

468 Rentals
.
  6. STUDIO
    $1,025+
    1 BED
    $1,200+

    Country Lane

    810 E 42nd Ave, Anchorage, AK 99503
  7. STUDIO
    $1,050+
    1 BED
    $1,250+

    Continental

    3321 Eureka St, Anchorage, AK 99503
  8. STUDIO
    $1,060+
    1 BED
    $1,110+
    2 BEDS
    $1,290+

    Castle

    915 W 27th Ave, Anchorage, AK 99503
  13. Building Photo - Conifer Grove
    Rent Special
    Rent Special
    STUDIO
    $1,160+
    1 BED
    $1,182+
    2 BEDS
    $1,340+
    3 BEDS
    $1,685+

    Conifer Grove

    218 McCarrey St, Anchorage, AK 99508
  17. STUDIO
    $1,200+
    1 BED
    $1,275+
    2 BEDS
    $1,350+

    Susitna Ridge

    1601 Medfra St, Anchorage, AK 99501
  19. STUDIO
    $1,220+
    1 BED
    $1,260+
    2 BEDS
    $1,455+

    Park Plaza

    201 E 16th Ave, Anchorage, AK 99501
  21. Building Photo - Rancho Tudor
    STUDIO
    $1,225+
    1 BED
    $1,249+

    Rancho Tudor

    3531 E 42nd Ave, Anchorage, AK 99508
  22. Building Photo - 525 N Flower St
    2 BEDS, 1 BATH
    $1,250
    Total Monthly Price Total Monthly Price New
    Base Rent$1,250
    Required Monthly FeesNone
    Total Monthly Price$1,250

    525 N Flower St Unit A

    525 N Flower St, Anchorage, AK 99508
    Apply
  24. Building Photo - City View
    STUDIO
    $1,270+
    1 BED
    $1,320+

    City View

    230 W 14th Ave, Anchorage, AK 99501
  27. Building Photo - Kings Court
    1 BED
    $1,295+
    2 BEDS
    $1,498+

    Kings Court

    303 E 15th Ave, Anchorage, AK 99501
  34. 1 BED
    $1,305+
    2 BEDS
    $1,645+

    Ladera Villa

    2225 Arctic Blvd, Anchorage, AK 99503
  36. Building Photo - The Greenbriar
    Rent Special
    Rent Special
    STUDIO
    $1,325+
    1 BED
    $1,535+
    2 BEDS
    $1,539+

    The Greenbriar

    4318 Vance Dr, Anchorage, AK 99508
  39. Building Photo - Alpine
    Discounts
    Discounts
    STUDIO
    $1,335+
    1 BED
    $1,415+
    2 BEDS
    $1,495+

    Alpine

    5215 Mockingbird Dr, Anchorage, AK 99507
    (855) 959-3601
  40. Building Photo - Arctic Sun
    1 BED
    $1,345+
    2 BEDS
    $1,560+

    Arctic Sun

    625 W 46th Ave, Anchorage, AK 99503
Showing 42 of 162 results, Page 1 of 4

Anchorage at a Glance

Average Rent

$1,335
(All bedrooms and property types)
Learn more about
Average Rent in Anchorage
9

School Rating

out of 10 Rating
Learn more about
Schools in Anchorage

Anchorage, AK Cheap Apartments for Rent

When looking for cheap apartments in 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 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 162 cheap apartments available in Anchorage Apartment Finder is the place to find your next rental.

Renting in Anchorage

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Anchorage

(For 1 bedroom apartments)

Education

GreatSchools Rating
South Anchorage High School

Public High School

Public
Grades 9-12
1,318 Students
GreatSchools Rating
Service High School

Public High School

Public
Grades 9-12
1,544 Students
GreatSchools Rating
Eagle River High School

Public High School

Public
Grades 9-12
791 Students
GreatSchools Rating
Goldenview Middle School

Public Middle School

Public
Grades 6-8
626 Students
GreatSchools Rating
Romig Middle School

Public Middle School

Public
Grades 6-8
720 Students

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

Specialty Housing

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Anchorage Apartments for Rent in Your Budget

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