Apartments for Rent in 99709

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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 August 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 5.4% ($92) lower than the Alaska average of $1,710 and 9.6% ($172) lower than the U.S. average of $1,790.

Average Rent
$1,618
Monthly ChangeMonth Over Month Change
Increased1.4% ($22)
Yearly ChangeYear Over Year Change
Increased1.8% ($28)
Avg. Days on MarketAverage Days on Market
19
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,377 Decreased1.5% ($21) Increased14.6% ($175)
2 Beds $1,600 Increased1.4% ($22) Decreased9.1% ($160)
3 Beds $2,215 Decreased1.6% ($35) Increased10.2% ($205)
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 $1,618 per month.
Apartments in Fairbanks typically rent for between $964 and $2,880 per month, with an average of $1,618 per month.
In Fairbanks, the average rent for a 1-bedroom apartment is $1,377 per month, for a 2-bedroom apartment, $1,600 per month, and a 3-bedroom apartment is $2,215 per month.
The average rent in Fairbanks is 9.6% ($172) lower than the national average of $1,790 per month.
The average rent in Fairbanks has increased by 1.4% ($22) in the last month and increased by 1.8% ($28) 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 40 rental properties available in Fairbanks, AK.
Based on the current averages, a household would need an annual income of $64,000 to comfortably afford a 2-bedroom apartment in Fairbanks.
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