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City Report · AK

Anchorage

Pop. 288,976·5th most expensive in Alaska·Anchorage rents are up 6.7% over the past year
Median rent (all units)
$1,730/mo
Year-over-Year
+6.7%
Month-over-Month
+1.2%
vs US Median
-$232
Rising (Monthly)
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Most AffordableMost Expensive
Anchorage · $1,730
More affordable than 59% of US cities · National median $1,962/mo
Rent Reality Score
36/100
Overpriced
OverheatedFairGreat value

Rents are 7% above what Anchorage's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,730/mo
Expected by trend
$1,616/mo
The Rent Reality Score compares today's median rent to where Anchorage's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,149
1 BR
$1,241
2 BR
$1,613
3 BR
$2,216
4 BR+
$2,641
Fair Market Rent (HUD)
$1,613/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,730 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$20,760/yr
At $1,730/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.7% YoY, +1.2% MoM), not inventory.
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Demographics

Who lives here

Anchorage, AK is majority owner-occupied, has a median income above the national average, 38.7% of residents hold a bachelor's degree or higher.

Population
288,976
Median income
$103,284
Median age
35.2
Renters
36.1%
Age distribution
23.5%
26.2%
26%
12.9%
Under 1823.5%
18–3426.2%
35–5426%
55–6411.4%
65+12.9%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
56.8%
18.8%
White56.8%
Black5%
Hispanic9.5%
Asian10%
Other18.8%
Education (25+)
24.1%
31.4%
38.7%
No HS diploma5.9%
HS diploma24.1%
Some college31.4%
Bachelor's+38.7%
Housing tenure
63.9%
36.1%
Owner63.9%
Renter36.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Anchorage, AK has changed in 5 years

Rent
$1,247 → $1,730
up 38.7%
Income
$88,871 → $103,284
up 16.2%
Population
292,545 → 288,976
down 1.2%
Renter share
37.1% → 36.1%
-1.0 pts
Bachelor's+
36.8% → 38.7%
+1.9 pts
Median age
34.3 → 35.2
+0.9 yrs

Five years ago, renters in Anchorage, AK paid around $1,247 a month. That figure now sits near $1,730, up 38.7% from the 2021 baseline. Census figures show median household income at $103,284 today, compared with $88,871 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Anchorage, AK losing about 3,569 residents over the five-year window, down 1.2% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Anchorage rent history (2015–2026) →
Salary vs rent

Can you afford rent in Anchorage on your salary?

At $1,730/mo, how Anchorage rent compares to typical pay (30% rule).

By apartment size

Anchorage rent by bedroom count

Median rent for each apartment size in Anchorage. Click any size for full breakdown.

Local insights

Tips for renters in Anchorage

About renting in Anchorage, AK

Last updated: August 17, 2026

The median rent in Anchorage is $1,730/mo as of August 2026. A studio apartment averages $1,149/mo while a 2-bedroom runs $1,613/mo. One-bedroom apartments average $1,241/mo and 3-bedroom units go for $2,216/mo.

At 20% of local median household income ($103,284/yr), Anchorage ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.

FAQ

Frequently asked questions

Is Anchorage an affordable city for renters?

Anchorage is considered very affordable for renters. At $1,730/mo, rent takes approximately 20% of the local median household income ($103,284/yr). The standard benchmark is 30%. Anchorage falls comfortably within that range.

How much income do you need to rent in Anchorage?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,730/mo in Anchorage. The local median household income is $103,284/yr, meaning the typical Anchorage household meets that threshold.

Is rent going up or down in Anchorage?

Rent in Anchorage has increased 6.7% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Anchorage neighborhoods have the lowest rent?

The most affordable ZIP codes in Anchorage are 99503 ($1,353/mo), 99508 ($1,563/mo), and 99501 ($1,567/mo). Citywide, the median rent in Anchorage is $1,730/mo.

How does Anchorage rent compare to other cities in Alaska?

Anchorage is one of the more affordable cities in Alaska for rent, ranking #5 out of 5 tracked cities at $1,730/mo.

Which nearby cities are cheaper to rent in than Anchorage?

Kenai is nearby and more affordable at $1,693/mo, which is $37 less than Anchorage.

What percentage of Anchorage residents rent vs. own?

According to Census data, approximately 36.1% of Anchorage households are renters, while 63.9% are owner-occupied. Anchorage leans toward homeownership, which can mean a smaller rental inventory.

How does Anchorage rent compare to the national average?

Anchorage's median rent of $1,730/mo is $232 (12%) below the US national median of $1,962/mo. Within Alaska, it ranks #5 out of 5 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,730/mo, rent takes ~20% of Anchorage's median household income ($103,284/yr). The standard benchmark is 30%.

Anchorage 20%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Anchorage, AK

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