Last updated
Average Rent in Anchorage, AK & Rent Trends
Rent prices and market trends across 22 apartment communities in Anchorage, AK. Updated daily.
Market Average
$1,588/mo
Lowest Available
$950/mo
cheapest unit on market
Communities
22
tracked daily
Units Listed
64
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Rent by Neighborhood in Anchorage, AK
Compare average rent across Anchorage, AK neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Sand Lake | $1,969 | ▼ $135 | $1,395 | 4 | 13 |
| Abbott Loop | $1,868 | ▲ $140 | $1,465 | 3 | 6 |
| Fairview | $1,452 | ▲ $294 | $1,050 | 9 | 26 |
| Anchorage 99503 | $1,432 | ▲ $109 | $1,235 | 2 | 3 |
| Airport Heights Community Council | $1,374 | ▲ $190 | $1,374 | 1 | 2 |
Is Rent Going Up or Down in Anchorage, AK?
As of October 2026, the average rent in Anchorage, AK is $1,588 per month across 22 apartment communities and 64 available units.
The most affordable option is Merrill Crossing Apartments starting at $950/mo. By unit type, a studio averages $1,545/mo, a 1-bedroom averages $1,446/mo, a 2-bedroom averages $1,673/mo, a 3-bedroom averages $1,860/mo.
Prices range from $950 to $2,750 per month. The most common price point is the $1,200 range, where 19 units are currently listed.
Anchorage, AK Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,462 | - | 14 |
| July 2026 | $1,480 | +$18 | 32 |
| August 2026 | $1,462 | -$18 | 31 |
| September 2026 | $1,476 | +$14 | 30 |
| October 2026 | $1,607 | +$131 | 24 |
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, AK
Rent Prices by Apartment in Anchorage, AK
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Merrill Crossing Apartments | $950/mo | $950/mo | 1 | 4.1 |
| North Point Apartments | $1,050/mo | $1,113/mo | 2 | 3.4 |
| McKinley Tower Apartments | $1,090/mo | $1,368/mo | 5 | 4.1 |
| City View | $1,095/mo | $1,398/mo | 5 | 4.6 |
| The Alaskan | $1,095/mo | $1,095/mo | 1 | 3.9 |
| Castle Apartment Homes | $1,100/mo | $1,360/mo | 8 | 4.1 |
| Village at Calais | $1,225/mo | $1,225/mo | 1 | 3.7 |
Frequently Asked Questions About Rent in Anchorage, AK
What is the average rent in Anchorage, AK?
Is rent going up or down in Anchorage, AK?
What is the cheapest apartment in Anchorage, AK?
How much is a 1-bedroom apartment in Anchorage, AK?
How many apartments are available in Anchorage, AK?
What salary do I need to live comfortably in Anchorage, AK?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$64,000/year
Based on the 30 percent rule, using our tracked average rent of $1,588/mo.
Comfortable income
$76,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($950/mo), you need to earn at least $38,000/year.
Median household income in Anchorage, AK is $98,152 , about 29% above the comfortable-living threshold.
Cost of living in Anchorage, AK
Overall prices in Anchorage, AK 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, AK's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,588 |
| Utilities | $519 |
| Groceries | $564 |
| Transportation | $1,238 |
| Healthcare | $604 |
| Other goods and services | $966 |
| Estimated total | $5,479/mo |
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.
Google Search Trends for Anchorage, AK Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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