City Report · AK

Eagle River

·1st most expensive in Alaska·Eagle River rents are up 14.5% over the past year
Median rent (all units)
$2,509/mo
Year-over-Year
+14.5%
Month-over-Month
+6.9%
vs US Median
+$544
Rising (Monthly)
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Most AffordableMost Expensive
Eagle River · $2,509
More expensive than 80% of US cities · National median $1,965/mo
Rent Reality Score
7/100
Overheated
OverheatedFairGreat value

Rents are 22% above what Eagle River's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,509/mo
Expected by trend
$2,065/mo
The Rent Reality Score compares today's median rent to where Eagle River's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,440
1 BR
$1,580
2 BR
$2,070
3 BR
$2,900
4 BR+
$3,480
Research median
$2,070/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$30,108/yr
At $2,509/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.5% YoY, +6.9% MoM), not inventory.
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2021 vs 2026

How Eagle River, AK has changed in 5 years

Rent
$1,608 → $2,509
up 56.0%

Five years ago, renters in Eagle River, AK paid around $1,608 a month. That figure now sits near $2,509, up 56.0% 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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View Eagle River rent history (2015–2026) →
Salary vs rent

Can you afford rent in Eagle River on your salary?

At $2,509/mo, how Eagle River rent compares to typical pay (30% rule).

By apartment size

Eagle River rent by bedroom count

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

Local insights

Tips for renters in Eagle River

About renting in Eagle River, AK

Last updated: July 20, 2026

The median rent in Eagle River is $2,509/mo as of July 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 42% of estimated US median household income ($72,000/yr), Eagle River ranks as moderate compared to the national benchmark of 30%. Rents have increased 14.5% over the past year.

FAQ

Frequently asked questions

Is Eagle River an affordable city for renters?

Eagle River is considered stretched for renters. At $2,509/mo, rent takes approximately 42% of the US median household income ($72,000/yr). The standard benchmark is 30%. Eagle River significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Eagle River?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (~$48/hour full-time) to afford the median rent of $2,509/mo in Eagle River.

Is rent going up or down in Eagle River?

Rent in Eagle River has increased 14.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Eagle River rent compare to other cities in Alaska?

Eagle River is one of the pricier cities in Alaska for rent, ranking #1 out of 6 tracked cities at $2,509/mo.

Which nearby cities are cheaper to rent in than Eagle River?

Wasilla is nearby and more affordable at $2,023/mo, which is $486 less than Eagle River.

How does Eagle River rent compare to the national average?

Eagle River's median rent of $2,509/mo is $544 (28%) above the US national median of $1,965/mo. Within Alaska, it ranks #1 out of 6 tracked cities.
Income Affordability
42%
STRETCHED

At $2,509/mo, rent takes ~42% of US median household income ($72,000/yr). The standard benchmark is 30%.

Eagle River 42%Benchmark 30%
State income taxNone
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Public schools near Eagle River, AK

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