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Apartments for Rent in Anchorage, AK 99501

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What to Know About

Living in 99501

Anchorage, the largest city in Alaska, is surrounded by the beautiful Chugach Mountains and the stunning waters of the Cook Inlet. For culture enthusiasts, Anchorage offers several attractions, such as the Anchorage Museum, the Alaska Native Heritage Center, and the Oscar Anderson House Museum. In addition, the city is home to the University of Alaska Anchorage, Alaska Pacific University, and Charter College, offering a wide range of educational opportunities. Regarding the local economy, Anchorage relies heavily on its oil and gas industry, fishing, and tourism.

Nature enthusiasts can explore Anchorage's many parks and nature preserves, including Chugach State Park, Kincaid Park, and the Tony Knowles Coastal Trail. Additionally, Anchorage offers diverse food, including local and international dishes, fresh seafood, wild game, and craft beer. Throughout the year, Anchorage hosts various events, such as the Anchorage Fur Rendezvous Festival, the Iditarod Trail Sled Dog Race, and the Summer Solstice Festival.

Anchorage is a great place to live for anyone looking for a beautiful natural setting, excellent education opportunities, high-quality healthcare, and a strong and growing economy.

Rental Market Trends

Anchorage, AK

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As of November 2026, Anchorage's rental market is stable, with rentals spending about 20 days on the market, about the same as in Alaska (21), and rents about flat over the past year. Anchorage's average rent is 1.3% ($26) higher than the Alaska average of $1,954 and 2.8% ($56) lower than the U.S. average of $2,036.

Average Rent
$1,980
Monthly ChangeMonth Over Month Change
Decreased0.24% ($5)
Yearly ChangeYear Over Year Change
Decreased0.1% ($3)
Days on Market
20
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,353 Decreased1.27% ($17) Decreased7.6% ($110)
2 Beds $1,822 Increased0.63% ($11) Increased4.3% ($74)
3 Beds $2,381 Decreased0.60% ($14) Flat
Nearby Cities Average Rent Avg. Rent vs. AnchorageAverage Rent vs. Anchorage Days on Market
Big Lake $1,822 Decreased8.0% ($158) 21 days
Wasilla $2,034 Increased2.7% ($54) 22 days
Based on rentals advertised on RentalSource in and around Anchorage.
Frequently Asked Questions
Anchorage Rental Market FAQs

Explore rental prices, market conditions, and affordability in Anchorage, AK.

The average rent in Anchorage, AK is $1,980 per month.
In Anchorage, the average rent is $1,353 per month for a 1-bedroom apartment, $1,822 for a 2-bedroom apartment and $2,381 for a 3-bedroom apartment.
The average rent in Anchorage is 2.8% ($56) lower than the national average of $2,036 per month.
The rental market in Anchorage, AK is currently stable, with rentals spending about 20 days on the market, about the same as in Alaska (21), and rents about flat over the past year.
Based on the current averages, a household would need an annual income of $72,900 to comfortably afford a 2-bedroom apartment in Anchorage.
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