Rents are 6% above what Anchorage's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,802 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 →
12-month history
Last updated: September 25, 2026
What the numbers show
January. Asking rents in Anchorage usually run 1% below trend in January and 0.9% above it in August, about $34 a month apart at today's median. Based on 11 years of data.
Rent in Anchorage is at its highest level since Zillow's records here began in January 2015.
From 2019 to 2024, rent in Anchorage rose 33% while median household income rose 21.6% ($84,928 to $103,284). Rent outpaced income.
Rent in Anchorage is 42.5% higher than in March 2020. Across the US, rent is up 36.8% over the same stretch.
Rent has risen 14 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($103,284) is $2,582 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,216); a 4-bedroom is $2,641.
The priciest of 8 ZIP codes in Anchorage, 99515 ($2,229/mo), costs 1.6 times the cheapest, 99503 ($1,400/mo).
From Zillow's monthly rent index (ZORI) for Anchorage. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Anchorage, AK has changed in 5 years
Five years ago, renters in Anchorage, AK paid around $1,299 a month. That figure now sits near $1,802, 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.
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Can you afford rent in Anchorage on your salary?
At $1,802/mo, how Anchorage rent compares to typical pay (30% rule).
Anchorage rent by bedroom count
Median rent for each apartment size in Anchorage. Click any size for full breakdown.
Tips for renters in Anchorage
Last updated: September 25, 2026
The median rent in Anchorage is $1,802/mo as of September 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 21% of local median household income ($103,284/yr), Anchorage ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Anchorage?
At $1,802/mo, rent takes ~21% of Anchorage's median household income ($103,284/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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