The average monthly rent of apartments in Anchorage, AK is $1,308.
The average monthly rent of apartments in Anchorage, AK is $1,308.
About 24% of apartment rents in Anchorage, AK range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 2% of apartments. Around 60% of Anchorage’s apartments are in the $1,001-$1,500 price range. 15% of apartments are priced between $701-$1,000.
Compared to the national average rent of $1,727, the average rent in Anchorage, AK is $1,308.
Prices and availability in Anchorage, AK were last updated on 29 Jan 2023.
The average rent in Anchorage, AK is $1,308. Start your search for apartments in Anchorage, AK now.
The price range for a studio apartment in Anchorage, AK is between $470 and $1,725. View all studio apartments in Anchorage, AK.
The price range for a 1-bedroom apartment in Anchorage, AK is between $750 and $2,150. Browse all available 1-bedroom apartments in Anchorage, AK now.
The price range for a 2-bedroom apartment in Anchorage, AK is between $710 and $2,200. Browse and find a 2-bedroom apartment in Anchorage, AK.
The price range for a 3-bedroom apartment in Anchorage, AK is between $850 and $2,695. Browse all available 3-bedroom apartments in Anchorage, AK.
In Anchorage 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 5% of Anchorage’s apartments are found in large buildings of 50 units or more, 75% are located in smaller apartment complexes with less than 50 units, and 18% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Anchorage are about 42 years old, on average. Of these, 10% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 93% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Anchorage come in a range of sizes and floorplans. Studio apartments represent 8% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Anchorage. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Anchorage is Alaska’s largest city, situated on the Cook Inlet in the south-central part of the state. Combining spectacular Alaskan nature with urban comforts, this casual small town is a fantastic place for renters who have a knack for nature, arts, culture and history. Anchorage has a subarctic climate and average daytime temperatures of 55°F to 78°F during summer and about 5°F to 30°F during winter months. While it does get cold in winter, the city is still incredible during every season, with plenty of attractions and outdoor activities for renters and visitors alike. Anchorage is also the prime place to explore various cultural sites, including the Alaska Native Heritage Center, displaying various crafts, dances, and traditional indigenous groups’ homes. Public art spots and murals, galleries, showrooms and artist workspaces reflect the city’s unique cultural vibe.
Most homes in Anchorage are older due to the lack of usable land, and the best living spots are located around the downtown area. Anchorage’s southern and western parts feature bigger single-family homes spread on large lots, while the northern neighborhoods have more multifamily properties. Most rental properties in Anchorage are located in Downtown and Northeast Anchorage. The Downtown area is the most popular among renters, with a mix of rental apartments, condos and older homes built during the 1950s and 1960s. Renting in this area puts you at walking distance from shops, restaurants and other amenities, as well as The Alaska Railroad Depot. The Northeast Anchorage neighborhood is a quieter area with multiple natural spots and parks in its vicinity, but renters are still close to big-box stores and lifestyle necessities. Rents tend to be higher in Anchorage compared to other U.S. cities of similar size, but they usually include utilities, which are higher in Alaska due to the cold weather. Alaska doesn’t mandate having renters’ insurance, although your landlord may require it.
Anchorage, AK has a population of 292,090 according to the most recent data from the U.S. Census Bureau. 143,136 of Anchorage’s residents are women and 148,954 are men. The median age of those who live in Anchorage, AK is 33.9.
Anchorage’s Dimond Center, the largest mall in Alaska, boasts a multitude of stores and big-box names for renters to enjoy. Just steps away from Dimond Center is Anchorage Market, a family-friendly outdoor market where you can buy local goods and produce. Walmart, Costco, Target and Fred Meyer are the most popular among renters, along with several local markets like Carrs-Safeway, New Sagaya and other smaller local stores. While the prices of some goods can be higher, there is no sales tax, which is an added benefit to renting in Anchorage. If you’re looking for a unique Alaskan gift, check out the stores inside the many art galleries and studios where many local indigenous artists make hand-knitted Qiviut garments with traditional patterns and designs from native villages.
According to U.S. Census data, there are 106,970 households in Anchorage, AK. 69,571 are family households and 37,399 are non-family households. There are 36,435 households with children in Anchorage and 70,535 households without children. On average, about 2.66 people live in a household in Anchorage, AK.
Air, land and sea pathways connect people who rent in Anchorage to the rest of Alaska. The city is also a gateway for Alaska travelers, so most people will likely transit through Ted Stevens Anchorage International Airport. Maritime transportation is provided by the state ferry system and cruise lines that connect the Pacific Northwest to Anchorage. On land, the AK-1 and AK-3 highways, better known to locals as the Seward Highway and the Glenn Highway, connect the city to the rest of Alaska. Though renters usually rely on their cars to get around, Anchorage is relatively walkable. In addition, several bike trails provide a great option to explore natural spots and cruise through the bustling downtown area. Taxicabs and ridesharing services like Uber and Lyft are also convenient ways of moving around the city. Anchorage doesn’t have a subway system, so the People Mover is the city's main public transit network. While it can be slow at times, it’s an affordable transportation option for people who rent in Anchorage.
The level of education of the population of Anchorage, AK is as follows: 2% have no high school education, 30% completed some high school, 29% partially completed college, 8% have an Associate Degree, 20% have a Bachelor Degree, and 12% have a Graduate Degree.
Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.
Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!
RentCafe is your one-stop shop for finding a great new apartment in Anchorage, AK. Easily search through a wide selection of apartments for rent in Anchorage, AK, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Anchorage, AK apartments with rents starting from $710 and submit your rental application today!