Terrace on the Lake
2421 Bentzen Cir,
Anchorage, AK 99517
$1,210 - $1,830 | Studio - 2 Beds
Formerly its own city, Spenard is a large Anchorage neighborhood nestled between Hood Canal and Midtown. Spenard combines rugged outdoor adventures with elements of chic city living to create a unique community. If you're into the bohemian lifestyle, poetry jams, bicycle parties, and a diverse range of cultural festivals, start your search for some affordable Spenard housing today. Many choose Spenard for its close proximity to some of Anchorage's biggest natural and cultural attractions, but others choose apartments in Spenard for its world-class international cuisine and down-home Alaskan eateries. Containing part of the city's international airport, this community has grown into one of the most diverse neighborhoods in Anchorage.
As of March 2025, the average apartment rent in Spenard is $1,038 for a studio, $1,183 for one bedroom, $1,486 for two bedrooms, and $1,692 for three bedrooms. Apartment rent in Spenard has increased by 1.6% in the past year.
Studio
444 sq ft
Average Sq Ft
$1,038/month
Average Rent
1 BR
610 sq ft
Average Sq Ft
$1,183/month
Average Rent
2 BR
699 sq ft
Average Sq Ft
$1,486/month
Average Rent
3 BR
600 sq ft
Average Sq Ft
$1,692/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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