ZIP Code · AK

ZIP 99515

Part of Anchorage, AK

Pop. 21,870·Anchorage Borough·3rd most expensive ZIP in Alaska

Median rent (all units)

$2,144/mo

Year-over-Year

+9.7%

Month-over-Month

+0.7%

vs US Median

+$212

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 99515 · $2,144

More expensive than 68% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,370

1 BR

$1,480

2 BR

$1,940

3 BR

$2,700

4 BR+

$3,250

Research median

$1,940/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Alaska

Rent in ZIP 99515 changed +9.7% over the year to September 2026. Across the 13 Alaska ZIP codes Zillow tracks, the typical change was +5.1%.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($113,995) is $2,850 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,700); a 4-bedroom is $3,250.

Rank in Anchorage

7th cheapest of 8 ZIP codes in Anchorage.

Cheaper nearby

ZIP 99502, 5 miles away, rents for 15% less ($1,828/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 99515. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,728/yr

At $2,144/mo median

Location

CityAnchorage

StateAK

CountyAnchorage Borough

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.7% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 99515 (Anchorage, AK) is majority owner-occupied, has a median income above the national average, 40.8% of residents hold a bachelor's degree or higher.

Population

21,870

Median income

$113,995

Median age

37.3

Renters

21.1%

Age distribution

24.8%

20.9%

26.6%

13.6%

14.1%

Under 1824.8%

18–3420.9%

35–5426.6%

55–6413.6%

65+14.1%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

59.7%

20.2%

White59.7%

Black1.2%

Hispanic8.4%

Asian10.5%

Other20.2%

Education (25+)

25.6%

28.4%

40.8%

No HS diploma5.3%

HS diploma25.6%

Some college28.4%

Bachelor's+40.8%

Housing tenure

78.9%

21.1%

Owner78.9%

Renter21.1%

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

2021 vs 2026

How ZIP 99515 in Anchorage, AK has changed in 5 years

Income

$103,942 → $113,995

up 9.7%

Population

21,596 → 21,870

up 1.3%

Renter share

21.8% → 21.1%

-0.7 pts

Bachelor's+

37.4% → 40.8%

+3.4 pts

Median age

37.9 → 37.3

-0.6 yrs

On the earnings side, the typical household in ZIP 99515 in Anchorage, AK now reports about $113,995, up from $103,942 in 2021. Census counts show ZIP 99515 in Anchorage, AK adding about 274 residents over the five-year window, up 1.3% on net. Bachelor's-degree-or-higher attainment moved from 37.4% to 40.8% across the same window.

Community

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Local insights

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About renting in ZIP 99515

Last updated: October 17, 2026

ZIP code 99515 covers Anchorage, AK. The median rent here is $2,144/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,940/mo.

At 23% of local median household income ($113,995/yr), ZIP 99515 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99515?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,144/mo in ZIP 99515. The local median household income is $113,995/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99515?

Rent in ZIP 99515 has risen 9.7% over the past year.

How does ZIP 99515 compare to other ZIPs in Alaska?

ZIP 99515 is one of the pricier among Alaska ZIP codes for rent, ranking #3 of 14 at $2,144/mo. Over the year to September 2026, rent in ZIP 99515 changed +9.7%, against a typical +5.1% across the 13 Alaska ZIP codes Zillow tracks.