Low Income Apartments and Affordable Housing For Rent in Anchorage, AK (2024)

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Discover affordable housing in Anchorage where there are 75+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Chester Creek Estates

5814 East Northern Lights , Anchorage, Alaska 99504

bed1-4

payment$965-1460/mo.

switch_access_shortcutShort Wait

paymentSubsidized

accessibilityAccessible

Turnagain Place Townhomes

2708 Coho Way, Anchorage, Alaska 99517

bed2

switch_access_shortcutShort Wait

accessibilityAccessible

3600 Spenard

3600 Spenard, Anchorage, Alaska 99503

bed1

payment$850-925/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Coronado Park Apartments

16820 Coronado Street, Anchorage, Alaska 99577

bedStudio-2

payment$750-950/mo.

switch_access_shortcutShort Wait

accessibilityAccessible

Chester Park Estates

1019 East 20th Avenue, Anchorage, Alaska 99501

bed1-4

switch_access_shortcutShort Wait

paymentSubsidized

accessibilityAccessible

Commodore Park Plaza

10415 Jamestown Dr, Anchorage, Alaska 99507

bed1

paymentSubsidized

elderlySenior

accessibilityAccessible

Trailside Heights

2773 Trailside Loop, Anchorage, Alaska 99507

bed2-3

switch_access_shortcutShort Wait

accessibilityAccessible

Trail Point Apartments

10450 Methow Pl, Anchorage, Alaska 99577

bed1-3

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

ThirteenTen West 32nd

1310 W. 32nd St., Anchorage, Alaska 99503

Regency Place

12130 Regency Dr., Anchorage, Alaska 99577

bed2-3

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Qevu Village

13600 Old Seward Hwy, Anchorage, Alaska 99515

bedStudio-2

payment$735-1100/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Ch'anikna Commons

425 Price St., Anchorage, Alaska 99508

bed1-3

payment$750-1000/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Qanchi Place

630 W 8th Ave, Anchorage, Alaska 99501

bed1-2

payment$750-875/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Elizabeth Place

925 W. 7th Ave., Anchorage, Alaska 99501

bedStudio-2

payment$735-1125/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Creekview Plaza II

7905 Creekside Center Drive, Anchorage, Alaska 99504

bed1

payment$800/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Muldoon Garden

207 Muldoon Rd., Anchorage, Alaska 99504

bed1-2

payment$825-1000/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Grass Creek North

7861 Betnu Circle, Anchorage, Alaska 99504

bed1

payment$775/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Creekview Plaza 49

1400 Muldoon, Anchorage, Alaska 99504

bed1-2

payment$815-1150/mo.

switch_access_shortcutShort Wait

real_estate_agentAccepts Vouchers

Creekside Alyeska

353 Hightower Rd, Anchorage, Alaska 99587

bed1-2

switch_access_shortcutShort Wait

accessibilityAccessible

400 N Lane St

400 N Lane St, Anchorage, Alaska 99508

bed1

payment$823/mo.

How To Identify Affordable Housing in Anchorage, Alaska

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

BadgeDescription

switch_access_shortcutShort Wait

Low income apartments with no or short waiting lists.

paymentSubsidized

Low income housing where the rent is subsidized and the renter pays only a portion of total rent.

real_estate_agentAccepts Vouchers

Apartments that accept Section 8 vouchers near you

elderlySenior

Rental housing for seniors who are 55 (or sometimes 62) and older.

paymentIncome Based

Affordable apartments where the rent paid is based on renter income.

accessibilityAccessible

Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.

accessible_forwardDisability

Apartments for individuals or families with disabilities.

real_estate_agentNaturally Affordable

Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
Fairbanks, Alaska Section 8 HCV

calendar_todayOpened: Feb 1,2018

Open Until Further Notice

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Reported On February 23rd, 2024 byLorena Bentley

Homer, Alaska Section 8 HCV

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Reported On February 23rd, 2024 byLorena Bentley

Juneau and Petersburg, Alaska Section 8 HCV

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Reported On February 23rd, 2024 byLorena Bentley

Ketchikan, Alaska Section 8 HCV

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Reported On February 23rd, 2024 byLorena Bentley

Kodiak, Alaska Section 8 HCV

calendar_todayOpened: Feb 1,2018

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Reported On February 23rd, 2024 byLorena Bentley

Sitka, Alaska Section 8 HCV

calendar_todayOpened: Feb 1,2018

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Reported On February 23rd, 2024 byLorena Bentley

Soldotna, Alaska Section 8 HCV

calendar_todayOpened: Feb 1,2018

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Reported On February 23rd, 2024 byLorena Bentley

Valdez, Alaska Section 8 HCV

calendar_todayOpened: Feb 1,2018

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Reported On February 23rd, 2024 byLorena Bentley

Wrangell, Alaska Section 8 HCV

calendar_todayOpened: Feb 1,2018

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Reported On February 23rd, 2024 byLorena Bentley

Wasilla, AK Section 8 HCV Waiting List

calendar_todayOpened: Oct 5,2020

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Reported On February 23rd, 2024 byLorena Bentley

Back to rentals ↑

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InAnchorage, Alaska

$27.54/hour

$15.81

(+135%) more thanAlaska minimum wage and

$20.29

(+280%) more than the Federal minimum wage.

Learn More About Anchorage, Alaska AffordableHousing ↓

What HUD offices serve Anchorage, Alaska?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Alaska Housing Finance Corporation - Section 8

Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work, Section 8 Project-Based Rental Assistance (PBRA) programs for Anchorage, Alaska.

Alaska Housing Finance Corporation - Public Housing

Operates the Public Housing, Moving to Work programs for Anchorage, Alaska.

Go to theAlaskaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Anchorage.

How many renters live in Anchorage, Alaska?

The City of Anchorage haspeople living in households.

There are renters living inrenter households in thisCity. Renters make up 30.84percent of the population living in Anchorage.

What is the rental market like in Anchorage, Alaska?

There are an estimated housing units in theAnchorage area. Of these, units are rentalhomes, making up percent of the housing market. Forevery renter household in Anchorage, Alaska, there are1.1 rental units.

What is the vacancy rate for rentals in Anchorage?

The rental vacancy rate in Anchorage is 7 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.

How many rental units are in Anchorage for each bedroom size?

Occupied Rental Units by Size in Anchorage
StudioOne-BedroomTwo-BedroomThree-BedroomFour+ Bedrooms
4,0016,10716,5729,4641,926

Occupied Rental Units by Size in Anchorage

A large number of apartments in Anchorage have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How Much Is Rent in Anchorage

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $996 to $2,467. FMRs areupdated annually by HUD for every city and county nationwide.

Bed Size2024 Fair Market Rents
Studio$996
One BR$1,107
Two BR$1,454
Three BR$2,049
Four BR$2,467

2024 Fair Market Rents in Anchorage, Alaska

How many units are rented at Fair Market Rent (FMR) in Anchorage?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit SizeCount of Units Below FMRPercentage of Total Units Below FMR
Studio2,65066 percent
One BR3,72861 percent
Two BR9,91960 percent

Rental Units Below FMR in Anchorage, Alaska

How many affordable rental units are in Anchorage?

There are a variety of federal affordable housing programs serving households inAnchorage, Alaska including the following:

Federal ProgramUnit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Mod Rehab Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Anchorage, Alaska

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Anchorage, Alaska

Anchorage features 1,200 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Anchorage, Alaska

There are 1,928 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Anchorage.

Housing Choice Vouchers in Anchorage, Alaska

On average, Section 8 Housing Choice vouchers pay Anchorage landlords$600 per month towards rent. The average voucher holdercontributes $600 towards rent inAnchorage.

The maximum amount a voucher would pay on behalf of a low-income tenant in Anchorage, Alaska fora two-bedroom apartment is between $1,309 and $1,599.

Sourced from federal housing data and AffordableHousingOnline.comresearch.

Affordable Housing Tip

If you're a homeless veteran, contact your VA Medical Center.

You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.

What Renters Say About Us

Jacqueline Armstrong Sanders says:

"Affordable Housing Online is a great website to search for affordable housing nationwide."

Low Income Apartments and Affordable Housing For Rent in Anchorage, AK (2024)
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