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Cheap Apartments for Rent in Anchorage, AK

150 Rentals Available
Cheap Apartments for Rent in Anchorage, AK. 150 Rentals Available
Apartments Under $500 Apartments Under $700 Apartments Under $800 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200

Apartments Under $500

  • a truck parked in the snow in front of a house
    Today

    2208 Eureka St - CLOSED, Anchorage, AK 99503
    STUDIO $470+

Apartments Under $700

  • a living room with a gray couch and a pink pillow
    Today

    2778 Lumen Park Dr, Anchorage, AK 99507
    1 BED $618
    2 BEDS $1,285+
  • the front of the hilliard office building with flowers and plants
    Today

    787 Elm Street, Anchorage, AK 99501
    STUDIO $695+
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing

Apartments Under $800

  • a kitchen with a stove and a refrigerator
    Today

    4611 Juneau St, Anchorage, AK 99503
    1 BED $895
    2 BEDS $995
    99 BEDS $750

Apartments Under $1,000

  • a house with cars parked in front of it in the snow
    Today

    625 W 45Th, Anchorage, AK 99503
    2 BEDS $900
    3 BEDS $1,400+
  • the front door of a house covered in snow
    Today

    4433 San Ernesto Ave #B313, Anchorage, AK 99508
    2 BEDS $900

Apartments Under $1,100

  • a kitchen with white appliances and wooden cabinets
    Today

    4255 Old Seward Hwy, Anchorage, AK 99503
    STUDIO $1,015
    1 BED $1,200
  • a condo building with snow in front of it
    Today

    310 W. 33Rd, Anchorage, AK 99503
    STUDIO $1,021+
  • a kitchen with a stove top oven and a sink
    Today

    110 E 11Th Avenue, Anchorage, AK 99501
    STUDIO $1,040
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a truck parked in front of an apartment building in the snow
    Today

    9725 Independence Dr. #103, Anchorage, AK 99507
    1 BED $1,050
  • an empty kitchen with white appliances and wooden cabinets
    Today

    915 W 27Th Avenue, Anchorage, AK 99503
    STUDIO $1,065+
    1 BED $1,275+
    2 BEDS $1,420
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  • the living room and dining room of an apartment with carpet and wood flooring
    Today

    601 W 32Nd Ave, Anchorage, AK 99503
    STUDIO $1,070
    1 BED $1,165+
    3 BEDS Ask for Pricing

Apartments Under $1,200

  • a house with a garage in the snow
    Today

    7540 Foxridge Wy #8D - CLOSED, Anchorage, AK 99518
    2 BEDS $1,100
  • a white house with a porch on a street
    Today

    3901 Dunsmuir Ct., #B, Anchorage, AK 99508
    1 BED $1,100
  • a blue and white building with a street pole in front of it
    Today

    415 D St, Anchorage, AK 99501
    STUDIO $1,100
    1 BED $1,495
  • a kitchen with a sink and a stove and a refrigerator
    Today

    1046 W 26Th Ave, Anchorage, AK 99503
    STUDIO Ask for Pricing
    1 BED $1,125+
  • a kitchen with an orange counter top and a white refrigerator
    Today

    1473 W 25Th Avenue, Anchorage, AK 99503
    STUDIO $1,150+
    1 BED $1,215
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  • a kitchen with wooden cabinets and white appliances
    Today

    3531 E 42Nd Ave, Anchorage, AK 99508
    STUDIO $1,160
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a kitchen with a counter with three plates on it
    Today

    3321 Eureka St, Anchorage, AK 99503
    STUDIO Ask for Pricing
    1 BED $1,220+
    2 BEDS Ask for Pricing
  • a living room with a table and chairs and a kitchen
    Today

    4221 Laurel Street, Anchorage, AK 99508
    STUDIO $1,255
    1 BED $1,450+
    2 BEDS $1,575+
  • a living room with a dining room table and chairs and a kitchen
    Today

    5640 Lake Otis Parkway, Anchorage, AK 99507
    1 BED $1,290
  • a living room and dining room with a table and chairs
    Today

    230 W 14Th Ave, Anchorage, AK 99501
    STUDIO $1,300+
    1 BED $1,325+
    2 BEDS Ask for Pricing
  • a kitchen with a stove refrigerator and sink
    Today

    4545 Reka Dr, Anchorage, AK 99508
    1 BED $1,305
    2 BEDS $1,501
    3 BEDS Ask for Pricing
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  • a kitchen with wooden cabinets and a stove and a microwave
    Today

    2421 Bentzen Circle, Anchorage, AK 99517
    STUDIO $1,390+
    1 BED $1,505+
    2 BEDS $1,840+
  • a living room with leather furniture and a glass coffee table
    Today

    423 W 22Nd Ave Ste 200, Anchorage, AK 99503
    1 BED $1,395+
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a kitchen with white appliances and wooden cabinets
    Today

    141 Patterson St, Anchorage, AK 99504
    1 BED Ask for Pricing
    2 BEDS $1,425+
  • a living room with couches and chairs and a fireplace
    Today

    5901 E 6Th Ave, Anchorage, AK 99504
    2 BEDS $1,797
    3 BEDS $2,295+
  • a living room with furniture and a fireplace
    Today

    1200 Columbine Ct, Anchorage, AK 99508
    1 BED Ask for Pricing
    2 BEDS $1,930
    3 BEDS Ask for Pricing
  • a living room with a fireplace and a couch
    Today

    6029 Debarr Rd, Anchorage, AK 99504
    2 BEDS $2,170+
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Getting around in Anchorage, AK

64 /100
Somewhat Walkable
25 /100
Some Transit
62 /100
Bikeable
Walk Score®: 64, Transit Score®: 25, Bike Score®: 62

Frequently asked questions

What is the price of a cheap apartment in Anchorage, AK?

The price range of a cheap apartment is between $470 and $3,200.

How many cheap rentals are available in Anchorage, AK on RentCafe?

There are 242 cheap rentals available on RentCafe. Prices and availability in Anchorage, AK were last updated on 22 Feb 2026.

What is the average size of a cheap apartment in Anchorage, AK?

The average Anchorage, AK cheap apartment size is 630 sq. ft.

What are the advantages of renting a cheap apartment in Anchorage, AK?

Cheap apartments in Anchorage, AK are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Anchorage, AK?

A cheap apartment in Anchorage, AK offers little storage space and fewer amenities compared to other apartments.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Looking for a cheap apartment for rent in Anchorage, AK? With RentCafe, finding an affordable apartment in Anchorage, AK has never been easier. We feature 150 low-priced rentals directly from property managers, with rents lower than the Anchorage, AK average. What is a cheap rent in Anchorage, AK? The average apartment rent in Anchorage is $1,509 per month so any rental south of $1,208 would be considered cheap here. On RentCafe, Anchorage, AK rents go as low as $470/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!