Apartments under $1,500 for Rent in Anchorage, AK
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Exceptional Value
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Exceptional Value1 BED$1,340
The Club at Eagle Point
5640 Lake Otis Pky, Anchorage, AK 99507 -
Exceptional Value1 BED$1,435+2 BEDS$1,425+
Legacy
141 Patterson St, Anchorage, AK 99504 -
Good ValueSTUDIO$1,025+1 BED$1,200+
Castle
915 W 27th Ave, Anchorage, AK 99503 -
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Rent SpecialSTUDIO$1,280+1 BED$1,370+2 BEDS$1,440+
The Greenbriar
4318 Vance Dr, Anchorage, AK 99508 -
1 BED$1,150+2 BEDS$1,375+
The Mallary
660 W 34th Ave, Anchorage, AK 99503 -
Rent Special1 BED$1,360
Taiga
423 W 22nd Ave, Anchorage, AK 99503 -
1 BED$1,000
Merrill Crossing
1275 E 9th Ave, Anchorage, AK 99501 -
1 BED$1,305
Russian Jack
4545 Reka Dr, Anchorage, AK 99508 -
STUDIO$1,360+1 BED$1,225+2 BEDS$1,345+
Susitna Ridge
1601 Medfra St, Anchorage, AK 99501 -
STUDIO$975
McKinley Tower Apartments
337 E 4th Ave, Anchorage, AK 99501 -
1 BED$1,260+2 BEDS$1,380+
Central Park Apartments
2300 D St, Anchorage, AK 99503 -
1 BED$1,225+2 BEDS$1,450+
Chester Park Estate
1019 E 20th Ave, Anchorage, AK 99501 -
1 BED, 1 BATH$1,400
4610 Reka
4610 Reka, Anchorage, AK 99503 -
1 BED, 1 BATH$1,100
206 Huot Cir Unit 1
206 Huot Cir, Anchorage, AK 99540 -
2 BEDS, 1 BATH$1,450
5741 Rocky Mountain Ct Unit D
5741 Rocky Mountain Ct, Anchorage, AK 99504 -
1 BED, 1 BATH$1,400+2 BEDS, 1 BATH$1,500+
301 E 46th Ave
301 E 46th Ave, Anchorage, AK 99503 -
Rent Special3 BEDS, 1 BATH$1,388
534 N Lane St Unit 3
534 N Lane St, Anchorage, AK 99508 -
1 BED, 1 BATH$1,300
537 E 12th Ave Unit A
537 E 12th Ave, Anchorage, AK 99501 -
2 BEDS, 1 BATH$1,500
3401 N Star St Unit 3
3401 N Star St, Anchorage, AK 99503 -
1 BED, 1 BATH$1,200
5439 E 32nd Ave
5439 E 32nd Ave, Anchorage, AK 99508 -
1 BED, 1 BATH$1,100
700 W 45th Ave Unit A
700 W 45th Ave, Anchorage, AK 99503 -
2 BEDS, 1 BATH$1,450
1251 Friendly Ln Unit 1
1251 Friendly Ln, Anchorage, AK 99504 -
1 BED, 1 BATH$1,250
3107 W 33rd Ave
3107 W 33rd Ave, Anchorage, AK 99517 -
2 BEDS, 1 BATH$1,400
261 McCarrey St
261 McCarrey St, Anchorage, AK 99508 -
2 BEDS, 1 BATH$1,300
3330 Boniface Pkwy
3330 Boniface Pkwy, Anchorage, AK 99504 -
2 BEDS, 1 BATH$1,500
3310 Boniface Pky
3310 Boniface Pky, Anchorage, AK 99504 -
2 BEDS, 1 BATH$1,200
533 Price Unit 1
533 Price, Anchorage, AK 99508 -
2 BEDS, 1 BATH$1,300
325 N Hoyt St Unit C
325 N Hoyt St, Anchorage, AK 99508 -
2 BEDS, 1 BATH$1,295
Half off first months rent special - Two B... Unit 1
5200 Taku Dr, Anchorage, AK 99508
Living & Renting in Anchorage
Anchorage at a Glance
Anchorage, AK Apartments for Rent
Anchorage, AK, offers a remarkable experience filled with stunning natural beauty and a vibrant cultural scene. Nestled between the Chugach Mountains and the waters of Cook Inlet, this city provides breathtaking views and ample opportunities for outdoor activities. Parks such as Earthquake Park and Ship Creek Overlook Park invite exploration, while the Tony Knowles Coastal Trail is perfect for biking or walking. The diverse housing options range from cozy apartments downtown to more spacious units in quieter neighborhoods, catering to various lifestyles and budgets.
The city hosts numerous events throughout the year, including the Iditarod Trail Sled Dog Race, showcasing a deep-rooted connection to Alaskan traditions. The Anchorage Market & Festival, held during the summer months, features local artisans and delicious food vendors, creating a lively atmosphere for residents and visitors alike. For those interested in history and culture, landmarks like the Alaska Native Heritage Center and the Anchorage Museum provide rich insights into the region's heritage.
Shopping enthusiasts can explore the Anchorage 5th Avenue Mall and Midtown Mall, where a variety of stores await. Glenn Square and the Great Alaska Mall offer additional options for retail therapy. After a day of shopping, dining at popular spots like Moose's Tooth Pub & Pizzeria or Bear Tooth Theatrepub provides a delightful culinary experience. For a more casual meal, Snow City Cafe and Humpy's Great Alaskan Alehouse are local favorites.
Coffee lovers can find their perfect brew at Kaladi Brothers Coffee or Middle Way Cafe, ideal for a cozy afternoon break. The city's educational landscape is highlighted by institutions like the University of Alaska Anchorage, fostering a sense of community and learning.
With its blend of outdoor adventures, cultural experiences, and accessible rental options, Anchorage stands out as an appealing place to call home, enriched by its local parks, museums, and vibrant dining scene.
Why Anchorage?
- Enjoying the northern lights in the wintertime and the midnight sun in summer.
- Getting around by dog sled, snowmobile, snowboard, skates, and snowshoes.
- Skiing, fishing, hiking, biking, and whale-watching surrounded by stunning beauty.
- Sharing the road with the occasional moose — or grizzly bear. Salmon year-round.
- Six mountain ranges and spectacular parks, such as Chugach State Park.
- A sleek, modern downtown with plenty of shopping, restaurants, and businesses.
Renting in Anchorage
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- 1 Bedroom 588 Sq Ft $1,291 / mo
- 2 Bedrooms 852 Sq Ft $1,569 / mo
- 3 Bedrooms 933 Sq Ft $1,769 / mo
- 4 Bedrooms 1,141 Sq Ft $1,911 / mo
Top Budget-Friendly Neighborhoods in Anchorage
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Midtown Anchorage 565 Sq Ft $1,254/mo
- North Star 656 Sq Ft $1,296/mo
- Spenard 604 Sq Ft $1,360/mo
- Taku/Campbell 712 Sq Ft $1,370/mo
- Downtown Anchorage 620 Sq Ft $1,410/mo
- Northeast Anchorage 682 Sq Ft $1,450/mo
- Alaska Regional 731 Sq Ft $1,464/mo
- Russian Jack Park 625 Sq Ft $1,475/mo
- South Addition 615 Sq Ft $1,609/mo
- South Anchorage 697 Sq Ft $1,689/mo
Getting Around Anchorage
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Best Value
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Rent Specials
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Note: Based on community-supplied data and independent market research. Subject to change without notice.