Rents are 7% above what Eagle River'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 $2,384 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: October 17, 2026
What the numbers show
January. Asking rents in Eagle River usually run 1.5% below trend in January and 1.4% above it in July, about $69 a month apart at today's median. Based on 9 years of data.
Rent in Eagle River is at its highest level since Zillow's records here began in February 2016.
Rent in Eagle River is 47.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 11 of the last 12 months.
From Zillow's monthly rent index (ZORI) for Eagle River. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.
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How Eagle River, AK has changed in 5 years
Five years ago, renters in Eagle River, AK paid around $1,690 a month. That figure now sits near $2,384, up 41.1% from the 2021 baseline. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Eagle River, AK reflects that arc in its own way.
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At $2,384/mo, how Eagle River rent compares to typical pay (30% rule).
Eagle River rent by bedroom count
Median rent for each apartment size in Eagle River. Click any size for full breakdown.
Tips for renters in Eagle River
Last updated: October 17, 2026
The median rent in Eagle River is $2,384/mo as of October 2026. A studio apartment averages $1,440/mo while a 2-bedroom runs $2,070/mo. One-bedroom apartments average $1,580/mo and 3-bedroom units go for $2,900/mo.
At 40% of estimated US median household income ($72,000/yr), Eagle River ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.
Frequently asked questions
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At $2,384/mo, rent takes ~40% of US median household income ($72,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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