The Highlands Luxury Residences
2134 E 56th Ave,
Anchorage, AK 99507
1-2 Beds | $1,975 - $2,917
Rental Market Trends in Anchorage, AK
What is the average rent in Anchorage, AK?
$1,289/month
Average Rent
588 Sq Ft
Average Apartment Size
+2.7%
Increase in the Last Year
As of January 2025, the average rent in Anchorage, AK is $1,289 per month. This is 17% lower than the national average rent of $1,554/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 $1,102 per month for a studio, $1,289 for a one-bedroom apartment, and around $1,570 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,769 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 2.7%, which averages out to $35 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 January 2025
Legend
2024
2025
Rent Ranges in Anchorage, AK
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
15%
$700 - $1,000/month
58%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Anchorage?
Based on current rent prices, Government Hill, Rogers Park and Midtown Anchorage 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, South Addition, Abbott Loop 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 $1,289, you’ll want to make about $4,296 per month or $51,552 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.
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
-
$1,145/month
One Bedroom
-
$1,279/month
Two Bedroom
-
$1,712/month
Three Bedroom
-
-
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Methodology
† 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.
* Percentages may not total 100 due to rounding.