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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
As of July 2025, Fairbanks's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Fairbanks's average rent is 1.3% ($20) higher than the Alaska average of $1,576 and 10.1% ($179) lower than the U.S. average of $1,775.
Average Rent
$1,596
Monthly ChangeMonth Over Month Change
3.2% ($52)
Yearly ChangeYear Over Year Change
11.4% ($163)
Avg. Days on MarketAverage Days on Market
19
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,398 | 9% ($116) | 19% ($223) |
| 2 Beds | $1,578 | 4.5% ($75) | 3.5% ($53) |
| 3 Beds | $2,250 | 2% ($45) | 13.7% ($271) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Fairbanks Rental Market FAQs
Explore rental prices, market trends, and availability in Fairbanks, AK.
The average rent in Fairbanks, AK is $1,596 per month.
Houses in Fairbanks typically rent for between $979 and $2,925 per month, with an average of $1,596 per month.
In Fairbanks, the average rent for a 1-bedroom house is $1,398 per month, for a 2-bedroom house, $1,578 per month, and a 3-bedroom house is $2,250 per month.
The average rent in Fairbanks is 10.1% ($179) lower than the national average of $1,775 per month.
The average rent in Fairbanks has decreased by 3.2% ($52) in the last month and increased by 11.4% ($163) over the past year.
The rental market in Fairbanks, AK, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Fairbanks, AK, the average rental stays on the market for approximately 19 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 34 rental properties available in Fairbanks, AK.
Based on the current averages, a household would need an annual income of $63,120 to comfortably afford a 2-bedroom house in Fairbanks.
