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Rental Market Trends in Alaska

$1,298/month

Average Rent

+2.4%

Increase in the Last Year

+$31

Average Price Increase

Ranked 20th

Least Expensive Rent by State

793

Available Rentals

Wasilla, AK

City with the Lowest Rent

What is the average rent in Alaska?

As of September 2025, the average rent in Alaska is $1,298/month. When you rent an apartment in Alaska, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,075 per month for a studio, $1,298 for a one-bedroom apartment, and around $1,559 for a two-bedroom apartment in Alaska. If you opt for a three-bedroom rental, you could pay $1,876 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,075/month
412 Sq Ft
One Bedroom
$1,298/month
611 Sq Ft
Two Bedroom
$1,559/month
873 Sq Ft
Three Bedroom
$1,876/month
1,224 Sq Ft

Rent by City

Last Updated Today
  • Most Affordable
  • Most Expensive

What are the most affordable cities in Alaska?

Based on current rent prices, the cheapest cities in Alaska to live are Wasilla, Fairbanks and Anchorage.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Wasilla
$1,195/month
638 Sq Ft
Fairbanks
$1,282/month
674 Sq Ft
Anchorage
$1,322/month
587 Sq Ft
Juneau
$1,445/month
637 Sq Ft

What are the most expensive cities in Alaska?

Based on current rent prices, the most expensive cities in Alaska to live are Juneau, Anchorage and Fairbanks.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Juneau
$1,445/month
637 Sq Ft
Anchorage
$1,322/month
587 Sq Ft
Fairbanks
$1,282/month
674 Sq Ft
Wasilla
$1,195/month
638 Sq Ft
This information is based on data collected by CoStar Group researchers.†

State

Alaska

793 Available Apartments for Rent

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US Rent Trends Alaska

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.


State graphics provided by ProPublica    Copyright (c) 2012, ProPublica

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The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

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© 2025 CoStar Group, Inc.

Equal Housing Opportunity