If you’re searching for a new place to live in Anchorage, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Anchorage neighborhoods have continued to increase over the years. Luckily, even in 2025, there are some Anchorage neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Anchorage for renters is sorted by lowest median rental rates compared to the Anchorage average.
