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ZIP Code · AK

ZIP 99503

Pop. 12,964·Anchorage Borough·13th most expensive ZIP in Alaska
Median rent (all units)
$1,349/mo
Year-over-Year
-2.2%
Month-over-Month
-2.0%
vs US Median
-$602
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 99503 · $1,349
More affordable than 84% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$1,110
1 BR
$1,117
2 BR
$1,282
3 BR
$1,552
4 BR+
$1,777
Research median
$1,282/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: June 22, 2026

Annual cost
$16,188/yr
At $1,349/mo median
Location
StateAK
CountyAnchorage Borough
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

2021 vs 2026

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

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

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.

Community

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Local insights

Tips for renters in ZIP 99503

About renting in ZIP 99503

Last updated: June 22, 2026

ZIP code 99503 covers Anchorage, AK. The median rent here is $1,349/mo as of June 2026. A 1-bedroom rents for a median of $1,117/mo. A 2-bedroom rents for a median of $1,282/mo.

At 21% of local median household income ($76,144/yr), ZIP 99503 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 99503?

As of June 22, 2026, the median monthly rent in ZIP 99503 (Anchorage, AK) is $1,349. This is based on aggregated data from public sources and community submissions.

How does ZIP 99503 rent compare to the US average?

ZIP 99503's median rent of $1,349/mo is $602 (31%) below the US national median of $1,951/mo.

How does ZIP 99503 compare to other ZIPs in Alaska?

ZIP 99503 is among the more affordable ZIP codes in Alaska, ranking #13 out of 13 ZIPs at $1,349/mo.

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 $54,000/year (~$26/hour full-time) to afford the median rent of $1,349/mo in ZIP 99503. The local median household income is $76,144/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 99503?

Rent in ZIP 99503 has decreased 2.2% over the past year as of June 22, 2026, offering some relief compared to 12 months ago.

Is ZIP 99503 an affordable place to rent?

ZIP 99503 is considered very affordable for renters. At $1,349/mo, rent takes approximately 21% of the local median household income ($76,144/yr). The standard benchmark is 30%. ZIP 99503 falls comfortably within that range.

What percentage of ZIP 99503 residents rent vs. own?

According to Census data, approximately 68.2% of ZIP 99503 households are renters, while 31.8% are owner-occupied. With a majority renter population, ZIP 99503 has a strong rental market.

How does ZIP 99503 compare to the rest of Anchorage?

ZIP 99503 is more affordable than Anchorage overall. At $1,349/mo, it's $367 below the Anchorage citywide median of $1,716/mo.

When was rent data for ZIP 99503 last updated?

Rent data for ZIP 99503 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,349/mo, rent takes ~21% of ZIP 99503's median household income ($76,144/yr). The standard benchmark is 30%.

ZIP 99503 21%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 99503 (Anchorage, AK)

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