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Cheap Apartments for Rent in Anchorage, AK

67 Rentals Available
Apartments Under $500 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200

Apartments Under $500

  • the logo of the gander company logo
    25
    Today

    1003 Chugach Way, Anchorage, AK 99503
    STUDIO $475+
    1 BED $1,200
    2 BEDS $1,250

Apartments Under $800

Apartments Under $900

  • A large building with a car parked in front of it.
    Today

    321 E 5Th Avenue, Anchorage, AK 99501
    STUDIO $840+
  • A building with a brown facade and a large glass window is surrounded by a parking lot.
    Today

    4610 Spenard Dr, Anchorage, AK 99517
    STUDIO $840+
    1 BED Ask for Pricing
  • A house with a car parked in front of it.
    7
    Today

    1730 Muldoon, Anchorage, AK 99504
    1 BED $1,300
    2 BEDS $850

Apartments Under $1,000

  • the front door of a house covered in snow
    14
    Today

    4433 San Ernesto Ave #B313 "CLOSED", Anchorage, AK 99508
    2 BEDS $900
  • the front of the hilliard office building with flowers and plants
    148
    Today

    787 Elm Street, Anchorage, AK 99501
    STUDIO $925
    1 BED $1,050
    2 BEDS $1,175

Apartments Under $1,100

  • a house with a snow covered car in front of it
    13
    Today

    3005 Eureka St. - CLOSED 08/2024, Anchorage, AK 99503
    2 BEDS $1,000+
  • the living room and dining room of an apartment with carpet and wood flooring
    52
    Today

    601 W 32Nd Ave, Anchorage, AK 99503
    STUDIO $1,095
    1 BED $1,185+
    3 BEDS $1,905

Apartments Under $1,200

  • a white house with a porch on a street
    9
    Today

    3901 Dunsmuir Ct., #B, Anchorage, AK 99508
    1 BED $1,100
  • an empty kitchen with white appliances and wooden cabinets
    56
    Today

    915 W 27Th Avenue, Anchorage, AK 99503
    STUDIO $1,100+
    1 BED $1,210+
    2 BEDS $1,365+
  • 10260 Jamestown Drive #25A 2 Beds Apartment for Rent
    6
    Today

    10260 Jamestown Drive #25A, Anchorage, AK 99507
    2 BEDS $1,145
  • a truck parked in the snow in front of a house
    9
    Today

    9610 Morningside Lp #B4 *CLOSED 5/16/24*, Anchorage, AK 99515
    2 BEDS $1,150
  • a kitchen with white cabinets and granite counter tops and a black refrigerator
    57
    Today

    303 E 15Th Ave, Anchorage, AK 99501
    1 BED $1,175
    2 BEDS $1,390
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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 $840 and $1,905.

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

There are 88 cheap rentals available on RentCafe. Prices and availability in Anchorage, AK were last updated on 21 Nov 2025.

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

The average Anchorage, AK cheap apartment size is 517 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 67 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 $1,520 per month so any rental south of $1,216 would be considered cheap here. On RentCafe, Anchorage, AK rents go as low as $475/mo.

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