Stringfellow 540
540 L St,
Anchorage, AK 99501
1-2 Beds | $2,000 - $4,000
Rental Market Trends in Anchorage, AK
What is the average rent in Anchorage, AK?
$1,352/month
Average Rent
587 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
Anchorage, AK Rental Market Overview
The average rent in Anchorage, AK is $1,352 per month. This is 19% lower than the national average rent of $1,661/month, making renting in Anchorage more affordable than most cities in the US.
- Studio apartments in Anchorage average $1,169 per month.
- One-bedroom apartments in Anchorage average $1,352 per month.
- Two-bedroom apartments in Anchorage average $1,647 per month.
- Three-bedroom apartments in Anchorage average $1,839 or more per month.
Data Updated: July 1, 2026
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 0.8%, which averages out to $11 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 2026
Legend
2025
2026
Rent Ranges in Anchorage, AK
Last Updated July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
10%
$700 - $1,000/month
55%
$1,001 - $1,500/month
24%
$1,501 - $2,000/month
11%
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, Spenard 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, South Addition, Abbott Loop and South Anchorage 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, Campbell Park and South Anchorage .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Anchorage, AK?
Because the average rent in Anchorage is $1,352, you’ll want to make about $4,506 per month or $54,072 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 26.0% higher than the national average. Generally, housing in Anchorage is 35.5% more expensive than the national average, with rent falling between $1,169 - $1,839. You can expect to pay 24.1% more for groceries, 11.1% more for utilities, and 19.8% 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
$1,059/month
$1,295/month
One Bedroom
$1,232/month
$1,562/month
Two Bedroom
$1,500/month
$2,497/month
Three Bedroom
$1,932/month
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Frequently Asked Questions
What is the average rent in Anchorage?
The average rent in Anchorage is $1,352 per month, which is 18.6% lower than the national average of $1,661.
What is the average rent for a house in Anchorage?
The average rent for a house in Anchorage, AK is $2,733 per month.
What is the average rent for a townhome in Anchorage?
The average rent for a townhome in Anchorage, AK is $2,000 per month.
What is the average rent for a condo in Anchorage?
The average rent for a condo in Anchorage, AK is $1,555 per month.
Are rents going up or down in Anchorage?
Rents in Anchorage, AK are increasing, with prices up 0.8% year-over-year and $11 more per month.
What rent range is most common in Anchorage?
In Anchorage, AK, 55% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.