Foxwood Condos
7401 Foxridge Way,
Anchorage, AK 99518
2 Beds | $1,995 - $2,195
Rental Market Trends in Anchorage, AK
What is the average rent in Anchorage, AK?
$1,319/month
Average Rent
588 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of July 2025, the average rent in Anchorage, AK is $1,319 per month. This is 19% lower than the national average rent of $1,636/month, making renting in Anchorage more affordable than most cities in the US. When you rent an apartment in Anchorage, you can expect to pay about $1,126 per month for a studio, $1,319 for a one-bedroom apartment, and around $1,622 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,792 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Anchorage, AK?
In the past year, rent has increased by 2.1%, which averages out to $29 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Anchorage, AK
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
14%
$700 - $1,000/month
54%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Anchorage?
Based on current rent prices, Midtown Anchorage, Taku/Campbell and North Star are the most affordable neighborhoods in Anchorage.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Anchorage?
Based on current rent prices, Abbott Loop, Sand Lake and Campbell Park are the most expensive neighborhoods in Anchorage.
Neighborhood
Average Rent
Average Sq Ft
Which Anchorage neighborhoods have the most rentals available?
The neighborhoods in Anchorage with the most apartments available are Downtown Anchorage, South Anchorage and Campbell Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Anchorage, AK?
Because the average rent in Anchorage is $1,319, you’ll want to make about $4,396 per month or $52,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Anchorage, AK is 23.3% higher than the national average. Generally, housing in Anchorage is 33.4% more expensive than the national average, with rent falling between $1,126 - $1,792. You can expect to pay 26.5% more for groceries, 13.3% more for utilities, and 13.9% more for transportation.
How does Anchorage, AK compare to other nearby cities and neighborhoods?
Use the tool below to compare Anchorage, AK to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,083/month
-
One Bedroom
$1,217/month
$1,152/month
Two Bedroom
$1,545/month
$1,395/month
Three Bedroom
$1,847/month
$1,948/month
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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 June 2025.
* Percentages may not total 100 due to rounding.