Matanuska Valley

Wasilla, AK

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Matanuska Valley - Wasilla, AK

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A glacier-carved valley on the outskirts of Alaska’s capital city

Adventures Fishing Hiking River Outdoors Scenic

Nestled in the valley adjacent to the Matanuska River, the beautiful Matanuska Valley region offers affordable rental properties in the more suburban areas around Wasilla and the more remote lands south of Point MacKenzie.

The breathtaking Matanuska Valley was carved by glaciers some tens of thousands of years ago. What’s left? Thousands of stunning lakes filled with sockeye, pink, coho, chinook, and chum salmon. The area houses over 30 state parks and offers easy access to gorgeous mountains, waterfalls, and campgrounds. Matanuska Glacier, the largest and arguably the most awe-inspiring roadside glacier in Alaska is literally at your fingertips.

The straight-shot commute from Wasilla to Anchorage is part of what makes this valley one of the most settled regions in the state. Nearly one third of residents will make this 45-mile commute to Anchorage each day. However, Wasilla is a smaller bustling hub of its own. Here you’ll find the world-famous Iditarod Sled Dog Race Headquarters, local and chain stores, and delicious eateries.

Rent Trends

As of March 2025, the average apartment rent in Matanuska Valley is $798 for a studio, $1,220 for one bedroom, $1,399 for two bedrooms, and $1,643 for three bedrooms. Apartment rent in Matanuska Valley has increased by 4.8% in the past year.

  • Studio

  • 600 sq ft

    Average Sq Ft

  • $798/month

    Average Rent

  • 1 BR

  • 599 sq ft

    Average Sq Ft

  • $1,220/month

    Average Rent

  • 2 BR

  • 753 sq ft

    Average Sq Ft

  • $1,399/month

    Average Rent

  • 3 BR

  • 1,017 sq ft

    Average Sq Ft

  • $1,643/month

    Average Rent

Transportation

23

Car-Dependent

out of 100 WalkScore® Rating

Walking is difficult in this neighborhood, which is considered a car-dependent area.

45

Somewhat Bikeable

out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Points of Interest

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.