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Homes & Apartments for Rent in Fairbanks, AK 99701

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What to Know About

Life in Fairbanks & Beyond

Fairbanks shares many of the great qualities that make Alaska a desirable place to live.

Alaska is the largest state in the United States and is known for its natural beauty, rugged coastline, and wildlife. Learn about the state's rich history and traditions by visiting museums like the Anchorage Museum at Rasmuson Center and the Alaska Native Heritage Center, or pursue higher education at universities like the University of Alaska, Alaska Pacific University, and the University of Fairbanks. A diverse mix of industries, including oil, tourism, and fishing, drives Alaska's economy.

As a state known for its rugged wilderness and abundant wildlife, Alaska offers incredible opportunities for outdoor enthusiasts. From exploring glaciers and fjords to hunting and fishing in the vast wilderness, there's something for everyone. For sports fans, Alaska offers a range of exciting outdoor activities, including skiing, snowboarding, and ice hockey. Be sure to explore famous attractions like Denali National Park and Preserve, Kenai Fjords National Park, Chugach State Park, and the city of Juneau.

With its stunning natural beauty and strong economy, Alaska is a great place to live for those who enjoy outdoor recreation and a unique northern experience.

Rental Market Trends

Fairbanks, AK

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As of October 2026, Fairbanks's rental market is competitive, with rentals spending about 19 days on the market, faster than in Alaska (21), and rents up 2.5% over the past year. Fairbanks's average rent is 8.2% ($164) lower than the Alaska average of $2,005 and 11.6% ($241) lower than the U.S. average of $2,082.

Average Rent
$1,841
Monthly ChangeMonth Over Month Change
Increased0.25% ($5)
Yearly ChangeYear Over Year Change
Increased2.5% ($45)
Days on Market
19
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,295 Decreased0.37% ($5) Decreased1.2% ($15)
2 Beds $1,774 Increased0.89% ($16) Increased4.5% ($77)
3 Beds $2,211 Decreased0.39% ($9) Increased1.7% ($38)
Based on rentals advertised on RentalSource in and around Fairbanks.
Frequently Asked Questions
Fairbanks Rental Market FAQs

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

The average rent in Fairbanks, AK is about $1,841 per month.
In Fairbanks, the average rent is about $1,295 per month for a 1-bedroom home, about $1,774 for a 2-bedroom home and about $2,211 for a 3-bedroom home.
The average rent in Fairbanks is 11.6% ($241) lower than the national average of $2,082 per month.
The rental market in Fairbanks, AK is currently competitive, with rentals spending about 19 days on the market, faster than in Alaska (21), and rents up 2.5% over the past year.
Based on the current averages, a household would need an annual income of about $71,000 to comfortably afford a 2-bedroom home in Fairbanks.
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