Fairbanks is the largest city in Alaska's interior region and serves as the borough seat of the Fairbanks North Star Borough. Known as the Golden Heart City, Fairbanks stretches across the Tanana Valley where the Chena River meets the Tanana River, and it became a key supply point for the Trans-Alaska Pipeline System after the discovery of the Prudhoe Bay Oil Field in 1968. Those looking for apartments for rent in Fairbanks will find a range of housing options in this northern city, from downtown locations near historic Pioneer Park to the University District close to the University of Alaska Fairbanks campus.
Renting in Fairbanks offers access to both frontier adventure and everyday conveniences. The city serves as the transportation hub for Interior Alaska, with Fairbanks International Airport connecting residents to the rest of the state and beyond. The Metropolitan Area Commuter System provides public transit throughout town, though many residents choose personal vehicles to navigate the area's extreme winter conditions. With average one-bedroom rents around $1,300 per month, apartment communities in Fairbanks provide easy access to outdoor recreation along the Chena River, local dining options, and seasonal events such as the World Ice Art Championships. The city's location also offers remarkable natural phenomena, including views of the Alaska Range and the aurora borealis visible approximately 200 nights per year.
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
The average rent in Fairbanks, AK is $1,317.
The average rent for a studio apartment in Fairbanks, AK is $880.
The average rent for a 1 bedroom apartment in Fairbanks, AK is $1,317.
The average rent for a 2 bedroom apartment in Fairbanks, AK is $1,578.
The average rent for a 3 bedroom apartment in Fairbanks, AK is $2,215.
The average rent for a 4 bedroom apartment in Fairbanks, AK is $2,453.
Submitting Request
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.