Most Affordable Neighborhoods in Anchorage, AK
Some of the cheapest neighborhoods in Anchorage are Mountain View, Government Hill, and Rogers Park. These neighborhoods offer some of the lowest rent prices in Anchorage, making them ideal for renters on a budget. As of March 30, 2025, the average rent in Anchorage is $1,297, which is 3.3% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Mountain View
Average Rent
$995/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
36/100
Units Available
2 Rentals
Mountain View is an affordable neighborhood in Anchorage with an average rent price of $995. Compare this to the city average of $1,297. In the past year, rent prices have increased by 1.1%. Mountain View provides easy access to Merrill Field, University of Alaska Anchorage, and Mountainview Center. It’s a car-dependent neighborhood with a WalkScore® of 46.
Government Hill
Average Rent
$1,075/Month
TransitScore® Rating
31/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Anchorage, Government Hill might be the perfect place! It has an average rent price of $1,075, while the city’s average stands at $1,297. Government Hill is near Fairview Shopping Center, Alaska Botanical Garden, and Anchorage Park Foundation.
Rogers Park
Average Rent
$1,225/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
36/100
Units Available
2 Rentals
Rogers Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rogers Park is $1,225 while the city average is $1,297. This is a 6.2% difference from last year. Residents enjoy convenient access to Alaska Pacific University, Anchorage Park Foundation, and Metro 570. The neighborhood is considered somewhat walkable with a WalkScore® of 59.
Midtown Anchorage
Average Rent
$1,232/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
37/100
Units Available
16 Rentals
When you’re looking for a great Anchorage neighborhood on a budget, check out Midtown Anchorage. The average rent is $1,232, compared to the city average of $1,297. Rent prices have increased by 5.2%. Midtown Anchorage is convenient to Tudor Square, BLM Campbell Creek Science Center, and Tony Knowles Coastal Trail. The community is walkable with a WalkScore® of 70.
Northeast Anchorage
Average Rent
$1,243/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
37/100
Units Available
5 Rentals
Northeast Anchorage is an affordable neighborhood in Anchorage with an average rent price of $1,243. Compare this to the city average of $1,297. In the past year, rent prices have increased by 3.4%. Northeast Anchorage provides easy access to Charter College-Anchorage, Ted Stevens Anchorage International, and Arctic Valley and Alpenglow Lodge. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Russian Jack Park
Average Rent
$1,307/Month
Year-Over-Year Rent Change
4.5%
TransitScore® Rating
39/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Anchorage, Russian Jack Park might be the perfect place! It has an average rent price of $1,307, while the city’s average stands at $1,297. In the last year, prices have increased by 4.5%. Russian Jack Park is near BLM Campbell Creek Science Center, Boniface Plaza, and Alaska Pacific University.
Spenard
Average Rent
$1,348/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
38/100
Units Available
24 Rentals
Spenard is a top choice for budget-conscious renters for a variety of reasons. The average rent in Spenard is $1,348 while the city average is $1,297. This is a 1.3% difference from last year. Residents enjoy convenient access to Olympic Center, Alaska Pacific University, and Anchorage Park Foundation. The neighborhood is considered walkable with a WalkScore® of 78.
North Star
Average Rent
$1,369/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
42/100
Units Available
36 Rentals
When you’re looking for a great Anchorage neighborhood on a budget, check out North Star. The average rent is $1,369, compared to the city average of $1,297. Rent prices have increased by 4.8%. North Star is convenient to Fairview Shopping Center, Alaska Museum of Natural History, and Tony Knowles Coastal Trail. The community is walkable with a WalkScore® of 72.
Downtown Anchorage
Average Rent
$1,410/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
41/100
Units Available
103 Rentals
Downtown Anchorage is an affordable neighborhood in Anchorage with an average rent price of $1,410. Compare this to the city average of $1,297. In the past year, rent prices have increased by 3.2%. Downtown Anchorage provides easy access to Ted Stevens Anchorage International, Alaska Botanical Garden, and University of Alaska Anchorage. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Taku/Campbell
Average Rent
$1,414/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
30/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Anchorage, Taku/Campbell might be the perfect place! It has an average rent price of $1,414, while the city’s average stands at $1,297. In the last year, prices have increased by 4.7%. Taku/Campbell is near King's Row Shopping Center, Alaska Zoo, and BLM Campbell Creek Science Center.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.