Most Affordable Neighborhoods in Anchorage, AK
Some of the cheapest neighborhoods in Anchorage are Mountain View, Turnagain South/Columbia Park, and Rogers Park. These neighborhoods offer some of the lowest rent prices in Anchorage, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Anchorage is $1,287, which is 2.6% 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
$850/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
36/100
Units Available
1 Rentals
Mountain View is an affordable neighborhood in Anchorage with an average rent price of $850. Compare this to the city average of $1,287. In the past year, rent prices have increased by 0.8%. Mountain View provides easy access to Anchorage Museum, Anchorage Park Foundation, and University of Alaska Anchorage. It’s a car-dependent neighborhood with a WalkScore® of 46.
Turnagain South/Columbia Park
Average Rent
$1,200/Month
TransitScore® Rating
26/100
Units Available
1 Rentals
If you’re looking for a great, affordable neighborhood in Anchorage, Turnagain South/Columbia Park might be the perfect place! It has an average rent price of $1,200, while the city’s average stands at $1,287. Turnagain South/Columbia Park is near Westside Center, BLM Campbell Creek Science Center, and Choi's Plaza.
Rogers Park
Average Rent
$1,225/Month
Year-Over-Year Rent Change
5.6%
TransitScore® Rating
36/100
Units Available
1 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 $1,287. This is a 5.6% difference from last year. Residents enjoy convenient access to Alaska Pacific University, Midtown Mall, and Metro 570. The neighborhood is considered somewhat walkable with a WalkScore® of 59.
Midtown Anchorage
Average Rent
$1,271/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
37/100
Units Available
12 Rentals
When you’re looking for a great Anchorage neighborhood on a budget, check out Midtown Anchorage. The average rent is $1,271, compared to the city average of $1,287. Rent prices have increased by 3.6%. Midtown Anchorage is convenient to Anchorage Park Foundation, BLM Campbell Creek Science Center, and Alaska Museum of Natural History. The community is walkable with a WalkScore® of 70.
North Star
Average Rent
$1,308/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
42/100
Units Available
31 Rentals
North Star is an affordable neighborhood in Anchorage with an average rent price of $1,308. Compare this to the city average of $1,287. In the past year, rent prices have decreased by 1.2%. North Star provides easy access to Alaska Museum of Natural History, Anchorage Park Foundation, and Merrill Field. It’s a walkable neighborhood with a WalkScore® of 72.
Spenard
Average Rent
$1,365/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
38/100
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Anchorage, Spenard might be the perfect place! It has an average rent price of $1,365, while the city’s average stands at $1,287. In the last year, prices have increased by 4.2%. Spenard is near Choi's Plaza, Aurora Village, and Anchorage Museum.
Taku/Campbell
Average Rent
$1,371/Month
Year-Over-Year Rent Change
7.9%
TransitScore® Rating
30/100
Units Available
12 Rentals
Taku/Campbell is a top choice for budget-conscious renters for a variety of reasons. The average rent in Taku/Campbell is $1,371 while the city average is $1,287. This is a 7.9% difference from last year. Residents enjoy convenient access to Merrill Field, Dimond Crossing, and Alaska Pacific University. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
Russian Jack Park
Average Rent
$1,371/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
39/100
Units Available
7 Rentals
When you’re looking for a great Anchorage neighborhood on a budget, check out Russian Jack Park. The average rent is $1,371, compared to the city average of $1,287. Rent prices have increased by 3.6%. Russian Jack Park is convenient to Alaska Pacific University, Ted Stevens Anchorage International, and BLM Campbell Creek Science Center. The community is somewhat walkable with a WalkScore® of 58.
Northeast Anchorage
Average Rent
$1,414/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
37/100
Units Available
10 Rentals
Northeast Anchorage is an affordable neighborhood in Anchorage with an average rent price of $1,414. Compare this to the city average of $1,287. In the past year, rent prices have increased by 4.1%. Northeast Anchorage provides easy access to Charter College-Anchorage, Alaska Pacific University, and University of Alaska Anchorage. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Downtown Anchorage
Average Rent
$1,419/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
41/100
Units Available
92 Rentals
If you’re looking for a great, affordable neighborhood in Anchorage, Downtown Anchorage might be the perfect place! It has an average rent price of $1,419, while the city’s average stands at $1,287. In the last year, prices have increased by 2.9%. Downtown Anchorage is near Charter College-Anchorage, Alaska Museum of Natural History, and Fairview Shopping 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.