Cheap Apartments for Rent in 99508
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1-2 Beds
1 BathGreen Tree Apartments | 1500 Russian Jack Dr #333,
Anchorage, AK 99508
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PET FRIENDLY- $1,550/mo2 Beds1 Bath107 Davis St Unit #1 - Unit #6 and Unit #10 | 107 Davis St #6,
Anchorage, AK 99508 
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Average Rent Trends in 99508
Rent in 99508 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,563 |
| Jul 2025 | $1,600 |
| Aug 2025 | $1,665 |
| Sep 2025 | $1,595 |
| Oct 2025 | $1,650 |
| Nov 2025 | $1,594 |
| Dec 2025 | $1,563 |
| Jan 2026 | $1,595 |
| Feb 2026 | $1,550 |
| Mar 2026 | $1,582 |
| Apr 2026 | $1,700 |
| May 2026 | $1,750 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,400 | $1,539 | $2,100 | $3,400 | $1,700 |
| Townhomes | $2,000 | $2,150 | $2,475 | — | $2,150 |
| Apartments and Condos | $1,220 | $1,550 | $2,100 | — | $1,700 |
| Houses | — | — | $2,500 | $4,000 | $4,000 |
Frequently Asked Questions about Rentals in 99508
- What is the average rent in 99508?The average rent in 99508 is $1,700. Rent prices range from $1,160 to as much as $7,000, depending on the type of rental.
- How does the rent in 99508 compare to the national average?Average rent in 99508 is about 11% lower than the national average rent of $1,910. That means it is less expensive to rent in 99508 compared to the U.S. average.
- What is the average rent in 99508, by number of bedrooms?The average rent in 99508 is $1,225 for a studio, $1,400 for a 1 bedroom, $1,539 for a 2 bedroom, $2,100 for a 3 bedroom, and $3,400 for a 4 bedroom.
- How have rent prices in 99508 changed compared to last year?In the past year, the average rent price in 99508 has increased by $156. That means the average rent is 9% higher than last year.
- How many available rental listings are in 99508?There are 74 available rental listings in 99508.
- What are some cities near 99508?Some nearby cities include: Point MacKenzie, Eagle River, Anchorage, Big Lake, Hope, Wasilla. These cities may have more rental options to explore.