Anchorage, Alaska Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Anchorage, Alaska rental market.
Highlights
An apartment for rent in Anchorage, Alaska typically goes for $1,464 per month, while a single-family home for rent in Anchorage, Alaska has a monthly cost of around $2,635. Renter-occupied units make up 36% of the local housing market, while the rental vacancy rate in Anchorage, Alaska is at 9.1.
Anchorage, Alaska
Average Apartment Rent
$1,464
Y-o-Y Change in Average
Apartment Rent
0.6%
Average Single-Family Rent
$2,635
As of November 2024
Compared to a year ago, Anchorage, Alaska apartments have recorded a 0.6% rent increase.
Anchorage, Alaska Average apartment rent trend
Anchorage, Alaska Average Apartment Rent
Anchorage, Alaska Apartment rent ranges
At 53.04%, apartments priced $1,000 - $1,500 represent the bulk of Anchorage, Alaska rentals, while condos priced Over $2,000 hold the lowest share of the market – 9.49%.
Anchorage, Alaska Housing tenure**
Renters take up 36% of Anchorage, Alaska real estate, occupying a total of 38,778 units, while homeowners live in 68,356 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$61,051
Average household size of renter-occupied housing units**
2.47
Rental vacancy rate**
9.1%
Anchorage, Alaska Renter-occupied housing units by no. of bedrooms**
There are 15,395 rentals in Anchorage, Alaska with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 536 units. Overall, the median number of rooms in Anchorage, Alaska homes for rent is 4.1.
Anchorage, Alaska Renter-occupied units by age of householder**
Most condos for rent in Anchorage, Alaska are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Anchorage, Alaska Renter-occupied housing units by family type**
Anchorage, Alaska Renter-occupied housing units by the presence of own children**
A total of 19,962 apartments for rent in Anchorage, Alaska, or 51% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 12,097 units. All in all, the median size of a renter-occupied household in Anchorage, Alaska is 2.47.
Anchorage, Alaska Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Anchorage, Alaska.
Anchorage, Alaska Renter-occupied units by year structure built**
The highest share of Anchorage, Alaska apartment rentals, namely 25% or 9,611 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (23%, 8,905 units), and the ones Built 1990 - 1999 (14%, 5,371 units).
Anchorage, Alaska Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Anchorage, Alaska renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Anchorage, Alaska condos for rent is 2018.
Anchorage, Alaska Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Anchorage, Alaska renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 12% have No vehicle available.
Anchorage, Alaska Means of transportation to work of householders living in renter-occupied housing units**
Anchorage, Alaska Geographical mobility in the past year for householders living in renter-occupied housing units**
Anchorage, Alaska Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Anchorage, Alaska apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
