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Cheap Apartments for Rent in Anchorage, AK

591 Rentals
.
  11. Castle Apartments - Kitchen - Castle
    STUDIO
    $1,100+
    1 BED
    $1,210+
    2 BEDS
    $1,365+

    Castle

    915 W 27th Ave, Anchorage, AK 99503
  14. Arbor Pointe Apartments - Living room - Arbor Pointe
    STUDIO
    $1,130+
    1 BED
    $1,245+

    Arbor Pointe

    1473 W 25th Ave, Anchorage, AK 99503
  16. Interior Photo - The Mallary
    1 BED
    $1,175+
    2 BEDS
    $1,375+

    The Mallary

    660 W 34th Ave, Anchorage, AK 99503
  20. Park Plaza Apartments - Kitchen - Park Plaza
    STUDIO
    $1,205+
    1 BED
    $1,230+

    Park Plaza

    201 E 16th Ave, Anchorage, AK 99501
  21. 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
  22. Rancho Tudor Apartments - Kitchen - Rancho Tudor
    STUDIO
    $1,225+
    1 BED
    $1,320+
    2 BEDS
    $1,600+

    Rancho Tudor

    3531 E 42nd Ave, Anchorage, AK 99508
  23. Susitna Ridge Apartments - Kitchen - Susitna Ridge
    STUDIO
    $1,245+
    1 BED
    $1,255+
    2 BEDS
    $1,370+

    Susitna Ridge

    1601 Medfra St, Anchorage, AK 99501
  28. The Greenbriar Apartments - Kitchen - The Greenbriar
    STUDIO
    $1,280+
    1 BED
    $1,470+
    2 BEDS
    $1,560+

    The Greenbriar

    4318 Vance Dr, Anchorage, AK 99508
  31. City View Apartments - Kitchen - City View
    STUDIO
    $1,285+
    1 BED
    $1,340+
    2 BEDS
    $1,655+

    City View

    230 W 14th Ave, Anchorage, AK 99501
  41. 2 BEDS, 1 BATH
    $1,305

    Turpin 4Plex

    1021 Turpin St, Anchorage, AK 99504
  42. 1 BED
    $1,310+
    2 BEDS
    $1,570+

    Arctic Sun

    625 W 46th Ave, Anchorage, AK 99503
Showing 42 of 249 results, Page 1 of 6

Anchorage at a Glance

Average Rent

$1,321
(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 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 249 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)

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
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 7-8
626 Students
GreatSchools Rating
Romig Middle School

Public Middle School

Public
Grades 7-8
720 Students
GreatSchools Rating
Mirror Lake Middle School

Public Middle School

Public
Grades 6-8
563 Students

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

Apartments for Rent Near Anchorage

Specialty Housing

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Anchorage Apartments for Rent in Your Budget

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