Last updated October 8, 2026

Average Rent in Anchorage 99503 & Rent Trends

Rent prices and market trends across 3 apartment communities in Anchorage 99503, Anchorage, AK. Updated daily.

Area All Areas Abbott Loop Airport Heights Community Council Fairview Sand Lake Turnagain

Anchorage 99503

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,429/mo

▲ +6.3% from last month

Lowest Available

$1,100/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Rent Watch: cuts and increases

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See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Anchorage 99503 vs Anchorage, AK Average

Anchorage 99503 is cheaper than the Anchorage, AK average by $152/mo (10%). The citywide average is $1,581/mo across all neighborhoods.

Is Rent Going Up or Down in Anchorage 99503?

As of October 2026, the average rent in Anchorage 99503 is $1,429 per month across 3 apartment communities and 12 available units. Rents have increased $85 (6.3%) over the past month.

The most affordable option is Castle Apartment Homes starting at $1,100/mo. By unit type, a studio averages $1,434/mo, a 2-bedroom averages $1,425/mo, a 3-bedroom averages $1,415/mo.

Prices range from $1,100 to $2,120 per month. The most common price point is the $1,400 range, where 5 units are currently listed.

Anchorage 99503 Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
July 2026	$1,239	-	7
August 2026	$1,136	-$103	7
September 2026	$1,215	+$79	7
October 2026	$1,255	+$40	7

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Anchorage 99503

Studio

$1,434

from $1,100 · 7 units

2 Bed

$1,425

from $1,225 · 3 units

3 Bed

$1,415

from $1,335 · 2 units

Rent Prices by Apartment in Anchorage 99503

Property	Starting at	Average	Units	Rating
Castle Apartment Homes	$1,100/mo	$1,360/mo	8	4.1
Village at Calais	$1,225/mo	$1,225/mo	1	3.7
Ladera Villa	$1,335/mo	$1,680/mo	3	4.3

Frequently Asked Questions About Rent in Anchorage 99503

What is the average rent in Anchorage 99503?

The average rent in Anchorage 99503 is $1,429 per month as of October 2026, based on 12 units across 3 apartment communities.

Is rent going up or down in Anchorage 99503?

Rent in Anchorage 99503 has increased $85 (6.3%) over the past month. The current average is $1,429/mo.

What is the cheapest apartment in Anchorage 99503?

The most affordable apartment in Anchorage 99503 is Castle Apartment Homes with units starting at $1,100/mo.

How many apartments are available in Anchorage 99503?

There are 12 units available across 3 apartment communities in Anchorage 99503.

What salary do I need to live comfortably in Anchorage 99503?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$57,000/year

Based on the 30 percent rule, using our tracked average rent of $1,429/mo.

Comfortable income

$69,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,100/mo), you need to earn at least $44,000/year.

Median household income in Anchorage 99503 is $98,152 , about 43% above the comfortable-living threshold.

Cost of living in Anchorage 99503

Overall prices in Anchorage 99503 runs above the national average by about 7% (BEA Regional Price Parity index 106.8, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Anchorage 99503's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,429	daily refresh
Utilities	$519	BLS × BEA RPP
Groceries	$564	BLS × BEA RPP
Transportation	$1,238	BLS × BEA RPP
Healthcare	$604	BLS × BEA RPP
Other goods and services	$966	BLS × BEA RPP
Estimated total	$5,320/mo	$63,840/year

Population

289,069

Median household income

$98,152

Census median rent

$1,453/mo

Census rent burden

29.1%

Median age

34.9

Mean commute

19 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Alaska Rent Trends

Compare rent across all Alaska cities

Anchorage, AK Neighborhood Rent Map

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Explore Anchorage, AK on Map

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US-wide rent comparison

See how Anchorage, AK rents stack up against the national median