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Best Places to Rent

Alaska

Average Rent

$1,519

3.3% YoY

Rent Comparison

-6.7% Lower

than national average

Population

732 Thousand

Alaska offers wilderness adventure alongside city living, making it an appealing destination for renters. The best places to live in Alaska center around its two main metropolitan areas. The state ranks 31st nationally for rental costs, with an average rent of $1,519 that is 7% below the national average than the national average.The Anchorage metropolitan area, home to over 400,000 residents, serves as Alaska's economic center. Rental properties in neighborhoods like South Addition near the Coastal Trail, Midtown near the Loussac Library, and Downtown near the Museum of History and Art provide access to employers and recreation spots like Chugach State Park. Popular areas include the U-Med District near Providence Hospital and the Mountain View neighborhood with its cultural center.The Fairbanks metropolitan area, with approximately 95,000 residents, offers a smaller community setting. The city features rental communities near the University of Alaska Fairbanks and Fort Wainwright. Fairbanks apartments, particularly in neighborhoods like College Hills and Downtown near Golden Heart Plaza, typically offer larger floor plans—two-bedroom units average over 1,000 square feet, exceeding national averages.

Anchorage Metro Area

Average Rent

$1,570

Population

403,396

# of Rentals

61

Fairbanks Metro Area

Average Rent

$1,472

Population

95,119

# of Rentals

64

Average Rent is calculated by averaging the monthly rent of 1 bedroom apartments.

Other States

This information is based on data collected by CoStar Group researchers.