Rent in Anchorage Municipality, AK at a glance
2-bedroom rent (HUD)
$1,631$19,572 a year · HUD fiscal year 2026From October 1, 2026: $1,529 (−6.3%)How much rent can you afford in Anchorage Municipality, AK?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Anchorage Municipality, AK by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,152 | $13,824 | $46,080 | $22.15/hr |
| 1 bedroom | $1,243 | $14,916 | $49,720 | $23.90/hr |
| 2 bedroomsMost searched | $1,631 | $19,572 | $65,240 | $31.37/hr |
| 3 bedrooms | $2,268 | $27,216 | $90,720 | $43.62/hr |
| 4 bedrooms | $2,736 | $32,832 | $109,440 | $52.62/hr |
Cost of living in Anchorage Municipality, AK: income, prices and a budget →
Living and working in Anchorage Municipality, AK
Rent in Anchorage Municipality, AK: common questions
How much is rent going down in Anchorage Municipality, AK in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,529 for a two-bedroom, down 6.3% from $1,631. A one-bedroom goes from $1,243 to $1,169, a studio from $1,152 to $1,095.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Anchorage Municipality, AK?
HUD's Fair Market Rent for 2026 is $1,243 for a one-bedroom and $1,631 for a two-bedroom, utilities included. That is $19,572 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Anchorage Municipality, AK?
To keep a $1,631 two-bedroom at 30% of gross pay, one full-time worker needs $31.37 an hour, or $65,240 a year. A one-bedroom at $1,243 takes $23.90 an hour.
How much is a 1, 2 or 3-bedroom apartment in Anchorage Municipality, AK?
At HUD's 2026 Fair Market Rent: studio $1,152, one bedroom $1,243, two $1,631, three $2,268 and four $2,736 a month.
Is rent affordable in Anchorage Municipality, AK?
For the typical household, earning $103,284 a year ($8,607 a month, Census ACS), a two-bedroom at $1,631 takes 18.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,631 × 12) ÷ 0.30 = $65,240. Divided by 2,080 working hours, that is $31.37 an hour.