RentDataNowRentDataNow
ZIP Code · AK

ZIP 99503

Pop. 12,964·Anchorage Borough·14th most expensive ZIP in Alaska
Median rent (all units)
$1,400/mo
Year-over-Year
+2.4%
Month-over-Month
Stable
vs US Median
-$548
Reported rents
Stable (Monthly)
Be the first to discuss 99503 rents ↓
Most AffordableMost Expensive
ZIP 99503 · $1,400
More affordable than 80% of US ZIP codes · National median $1,948/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,152
1 BR
$1,160
2 BR
$1,331
3 BR
$1,611
4 BR+
$1,844
Research median
$1,331/mo

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

Rent trends

12-month history

Loading…

Last updated: September 25, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 99503 is at its highest level since Zillow's records here began in July 2022.

Past year vs. the rest of Alaska

Rent in ZIP 99503 changed +2.4% over the year to August 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.9%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($76,144) is $1,904 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,710); a 3-bedroom is $2,070.

Rank in Anchorage

1st cheapest of 8 ZIP codes in Anchorage.

From Zillow's monthly rent index (ZORI) for ZIP 99503. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$16,800/yr
At $1,400/mo median
Location
StateAK
CountyAnchorage Borough
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.4% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 99503 (Anchorage, AK) is majority renter-occupied, skews toward younger working-age adults, 30.4% of residents hold a bachelor's degree or higher.

Population
12,964
Median income
$76,144
Median age
36.5
Renters
68.2%
Age distribution
16.5%
30.8%
28.2%
13.3%
Under 1816.5%
18–3430.8%
35–5428.2%
55–6413.3%
65+11.2%
Gender
52.3%
47.7%
Male52.3%
Female47.7%
Race & ethnicity
44.2%
28.1%
White44.2%
Black5.9%
Hispanic9.9%
Asian12%
Other28.1%
Education (25+)
30.1%
30.3%
30.4%
No HS diploma9.2%
HS diploma30.1%
Some college30.3%
Bachelor's+30.4%
Housing tenure
31.8%
68.2%
Owner31.8%
Renter68.2%

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

2023 vs 2026

How ZIP 99503 in Anchorage, AK has changed in 5 years

Rent
$1,240 → $1,400
up 12.9%
Income
$67,397 → $76,144
up 13.0%
Population
12,360 → 12,964
up 4.9%
Renter share
67.7% → 68.2%
+0.5 pts
Bachelor's+
30.6% → 30.4%
-0.2 pts

Since 2023, the typical rent in ZIP 99503 in Anchorage, AK has climbed from $1,240 to $1,400, a 12.9% change over five years. Household income in the area moved from $67,397 to $76,144 across the same window, up 13.0% versus 2021. The population has grown by 4.9% since 2021, moving from about 12,360 residents to roughly 12,964. Reading these numbers side by side helps frame whether current listings in ZIP 99503 in Anchorage, AK look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 99503

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 99503

About renting in ZIP 99503

Last updated: September 25, 2026

ZIP code 99503 covers Anchorage, AK. The median rent here is $1,400/mo as of September 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,331/mo.

At 22% of local median household income ($76,144/yr), ZIP 99503 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99503?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,400/mo in ZIP 99503. The local median household income is $76,144/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99503?

Rent in ZIP 99503 has risen 2.4% over the past year as of August 2026. That is the highest level since Zillow's records here began in July 2022.

How does ZIP 99503 compare to other ZIPs in Alaska?

ZIP 99503 is one of the more affordable among Alaska ZIP codes for rent, ranking #14 of 14 at $1,400/mo. Over the year to August 2026, rent in ZIP 99503 changed +2.4%, against a typical +5.9% across the 13 Alaska ZIP codes Zillow tracks.

How does ZIP 99503 compare to the rest of Anchorage?

At $1,400/mo, ZIP 99503 is $402 below the Anchorage citywide median of $1,802/mo. It is the 1st cheapest of 8 ZIP codes in Anchorage.
Income Affordability
22%
VERY AFFORDABLE

At $1,400/mo, rent takes ~22% of ZIP 99503's median household income ($76,144/yr). The standard benchmark is 30%.

ZIP 99503 22%Benchmark 30%
State income taxNone
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 99503 (Anchorage, AK)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.