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ZIP Code · AK

ZIP 99501

Pop. 16,175·Anchorage Borough·13th most expensive ZIP in Alaska
Median rent (all units)
$1,537/mo
Year-over-Year
-2.6%
Month-over-Month
-1.0%
vs US Median
-$428
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 99501 · $1,537
More affordable than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,070
1 BR
$1,150
2 BR
$1,510
3 BR
$2,100
4 BR+
$2,530
Research median
$1,510/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
$18,444/yr
At $1,537/mo median
Location
StateAK
CountyAnchorage Borough
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.6% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.6% YoY, -1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 99501 (Anchorage, AK) is majority renter-occupied, 39.4% of residents hold a bachelor's degree or higher.

Population
16,175
Median income
$70,891
Median age
38.2
Renters
62.8%
Age distribution
16%
28.2%
26.6%
17.3%
Under 1816%
18–3428.2%
35–5426.6%
55–6411.8%
65+17.3%
Gender
53.1%
46.9%
Male53.1%
Female46.9%
Race & ethnicity
53.8%
21%
White53.8%
Black6.2%
Hispanic12%
Asian7%
Other21%
Education (25+)
27.8%
26.2%
39.4%
No HS diploma6.7%
HS diploma27.8%
Some college26.2%
Bachelor's+39.4%
Housing tenure
37.2%
62.8%
Owner37.2%
Renter62.8%

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

2021 vs 2026

How ZIP 99501 in Anchorage, AK has changed in 5 years

Rent
$1,201 → $1,537
up 28.0%
Income
$65,469 → $70,891
up 8.3%
Population
16,267 → 16,175
down 0.6%
Renter share
62.7% → 62.8%
+0.1 pts
Bachelor's+
36.8% → 39.4%
+2.6 pts

Compared with 2021, rent in ZIP 99501 in Anchorage, AK has climbed by $336 per month, settling near $1,537 after starting the period at $1,201. Median household income grew from $65,469 to $70,891 between 2021 and 2024, a 8.3% shift. Rent outpaced income growth by roughly 19.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 36.8% to 39.4%. Taken together, the five-year picture in ZIP 99501 in Anchorage, AK reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 99501

Last updated: July 20, 2026

ZIP code 99501 covers Anchorage, AK. The median rent here is $1,537/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,510/mo.

At 26% of local median household income ($70,891/yr), ZIP 99501 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99501?

As of July 20, 2026, the median monthly rent in ZIP 99501 (Anchorage, AK) is $1,537. This is based on aggregated data from public sources and community submissions.

How does ZIP 99501 rent compare to the US average?

ZIP 99501's median rent of $1,537/mo is $428 (22%) below the US national median of $1,965/mo.

How does ZIP 99501 compare to other ZIPs in Alaska?

ZIP 99501 is among the more affordable ZIP codes in Alaska, ranking #13 out of 14 ZIPs at $1,537/mo.

How much income do you need to rent in ZIP 99501?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,537/mo in ZIP 99501. The local median household income is $70,891/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 99501?

Rent in ZIP 99501 has decreased 2.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 99501 an affordable place to rent?

ZIP 99501 is considered affordable for renters. At $1,537/mo, rent takes approximately 26% of the local median household income ($70,891/yr). The standard benchmark is 30%. ZIP 99501 falls comfortably within that range.

What percentage of ZIP 99501 residents rent vs. own?

According to Census data, approximately 62.8% of ZIP 99501 households are renters, while 37.2% are owner-occupied. With a majority renter population, ZIP 99501 has a strong rental market.

How does ZIP 99501 compare to the rest of Anchorage?

ZIP 99501 is more affordable than Anchorage overall. At $1,537/mo, it's $173 below the Anchorage citywide median of $1,710/mo.

When was rent data for ZIP 99501 last updated?

Rent data for ZIP 99501 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,537/mo, rent takes ~26% of ZIP 99501's median household income ($70,891/yr). The standard benchmark is 30%.

ZIP 99501 26%Benchmark 30%
State income taxNone
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Public schools near ZIP 99501 (Anchorage, AK)

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