2-Bedroom Apartment Rent in Fairbanks, AK
Median asking rent for a 2-bedroom apartment in Fairbanks, Alaska as of July 2026. That's +13% lower than the citywide median of $1,720 and +10% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Fairbanks
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Fairbanks
Compare Fairbanks's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Alaska
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Kenai | $1,190 |
| 2 | Wasilla | $1,370 |
| 3 | Fairbanks (this page) | $1,490 |
| 4 | Anchorage | $1,613 |
| 5 | North Pole | $1,690 |
| 6 | Eagle River | $2,070 |
Most expensive cities for a 2-bedroom in Alaska
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Eagle River | $2,070 |
| 2 | North Pole | $1,690 |
| 3 | Anchorage | $1,613 |
| 4 | Fairbanks (this page) | $1,490 |
| 5 | Wasilla | $1,370 |
| 6 | Kenai | $1,190 |
2-Bedroom rent in Fairbanks — common questions
How much is a 2-bedroom apartment in Fairbanks?
As of July 2026, the median 2-bedroom apartment rent in Fairbanks, Alaska is $1,490 per month. This is +13% below the citywide median of $1,720.
What income do you need to afford a 2-bedroom in Fairbanks?
Using the standard 30% rent-to-income rule, you would need an annual income of about $59,600 ($4,967/month gross), which works out to roughly $28.65/hour at a full-time job.
Is Fairbanks expensive for a 2-bedroom compared to the rest of the US?
Fairbanks's 2-bedroom median of $1,490 is +10% below the national 2-bedroom median of $1,655. It ranks in the 39th percentile of US cities tracked.
How does Fairbanks rank for 2-bedroom rent in Alaska?
Among the 6 cities in Alaska with 2-bedroom data, Fairbanks ranks #3 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Fairbanks?
Most nearby cities have similar or higher 2-bedroom rents than Fairbanks.