Homes for Rent in Palmer, AK

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What to Know About

Life in Palmer & Beyond

Palmer 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

Palmer, AK

As of July 2025, Palmer's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Palmer's average rent is 16.9% ($267) lower than the Alaska average of $1,576 and 26.3% ($466) lower than the U.S. average of $1,775.

Average Rent
$1,309
Monthly ChangeMonth Over Month Change
Increased3.1% ($39)
Yearly ChangeYear Over Year Change
Decreased47.8% ($1198)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,188 Increased3.5% ($40) Decreased44.9% ($968)
2 Beds $1,394 Decreased6.3% ($94) Decreased48.8% ($1330)
3 Beds $2,206 Increased6.7% ($139) Decreased37.2% ($1309)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Palmer Rental Market FAQs

Explore rental prices, market trends, and availability in Palmer, AK.

The average rent in Palmer, AK is $1,309 per month.
Homes in Palmer typically rent for between $832 and $2,868 per month, with an average of $1,309 per month.
In Palmer, the average rent for a 1-bedroom home is $1,188 per month, for a 2-bedroom home, $1,394 per month, and a 3-bedroom home is $2,206 per month.
The average rent in Palmer is 26.3% ($466) lower than the national average of $1,775 per month.
The average rent in Palmer has increased by 3.1% ($39) in the last month and decreased by 47.8% ($1,198) over the past year.
The rental market in Palmer, AK, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Palmer, AK, the average rental stays on the market for approximately 38 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 8 rental properties available in Palmer, AK.
Based on the current averages, a household would need an annual income of $55,760 to comfortably afford a 2-bedroom home in Palmer.
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