Apartments Near University of Alaska Anchorage

Your 2026 guide to finding affordable, student-friendly housing in Anchorage, AK — with real prices, best neighborhoods, and tips to avoid common mistakes.

Average 1BR Rent

$900/mo

Best Neighborhoods

Anchorage Heights · Downtown

Walk to Campus

5–20 min walk

Housing Near University of Alaska Anchorage: What to Expect

University of Alaska Anchorage enrolls 6,916 students, creating steady demand for off-campus housing in Anchorage, AK. Most students move off-campus after their first or second year either to save money or gain more independence.

Rent near campus ranges from $750/mo for a studio to $1,200/mo for a 2-bedroom — with 3 and 4-bedroom shared units often bringing individual rent down to $500–$750/person/mo.

The area is one of the more affordable student markets in the U.S., with strong value for renters willing to shop around.

Apartment Listings Near University of Alaska Anchorage

Representative listings — prices reflect current market rates for Anchorage, AK.

Grove Terrace

Best Value

Spacious layouts with in-unit laundry and a resident study lounge — popular with upperclassmen.

$660–$750/mo

Studio · 1 BA · 0.3 mi from campus

College Place

Most Popular

Quiet residential complex with off-street parking, covered bike storage, and a community garden.

$797–$900/mo

1 BR · 1 BA · 0.5 mi from campus

Scholar Park

Low-rise townhomes arranged around a central green — perfect for small groups.

$1,022–$1,200/mo

2 BR · 1 BA · 0.7 mi from campus

Park Station

Affordable and social — a favorite for first-year off-campus students with a rooftop common area.

$1,229–$1,400/mo

3 BR · 2 BA · 0.9 mi from campus

Scholar Village

Gated community with resort-style amenities — pool, gym, and on-site maintenance.

$850–$1,000/mo

1 BR · 1 BA · 1.1 mi from campus

College Lofts

New Building

Older building with character — garden courtyard, lower rents, walkable location.

$1,003–$1,150/mo

2 BR · 2 BA · 1.4 mi from campus

Campus Village

Modern open-plan lofts 2 blocks from the main quad. Pet-friendly, utilities included.

$1,212–$1,400/mo

4 BR · 2 BA · 1.6 mi from campus

Best Areas to Live Near University of Alaska Anchorage

Anchorage Heights

The closest neighborhood to University of Alaska Anchorage's main entrance. Walk to class in minutes — coffee shops and convenience stores line the main strip.

$900–$1,500/moFreshmen

Downtown

A lively area with bars, restaurants, and weekend activity. Ideal if you want a social scene steps from your apartment.

$850–$1,450/moSocial students

College Hill

Quieter residential streets with single-family homes converted into multi-unit rentals. More space, lower prices, a short bike ride to campus.

$650–$1,100/moGraduate students

The Loop

Downtown location with walkable access to the transit hub, employers, and city amenities — best for students with internships or part-time jobs.

$850–$1,350/moCommuters

Cost of Living Near University of Alaska Anchorage

Rent (1BR)$900/mo (1 BR avg)
Food & Groceries~$250/mo (mix of dining hall + groceries)
Transportation~$60/mo (bus pass or bike)
Utilities~$80/mo (as a separate charge if not included)
Estimated Monthly Total~$1,290/mo estimated

Student Housing Tips

Start Early

The best apartments near campus get leased 6–9 months before move-in. If you want August housing, start searching in January–February.

Read the Lease

Check: who pays utilities, guest policies, subletting rules, and what happens if a roommate leaves. Never sign anything you haven't fully read.

Choose Roommates Carefully

Split a 3–4 bedroom and each person's share drops by 30–40%. Use a roommate agreement to align on noise, guests, cleanliness, and bills.

More About University of Alaska Anchorage

FAQ — Apartments Near University of Alaska Anchorage

What is the cheapest housing near University of Alaska Anchorage?
The most affordable option is typically a studio at around $750/mo. Sharing a 3–4 bedroom apartment brings individual costs down to roughly $500–$750/person.
What are the best student neighborhoods near University of Alaska Anchorage?
Top areas include Anchorage Heights, Downtown, College Hill, The Loop. Each has its own vibe — some are walkable and social, others are quieter and more affordable.
What is the average rent near University of Alaska Anchorage?
Expect $750/mo for a studio, $900/mo for a 1BR, and $1,200/mo for a 2BR. Prices vary by proximity to campus and building amenities.
Is it safe to live off-campus near University of Alaska Anchorage?
The neighborhoods immediately around campus tend to be well-lit and student-friendly. Always tour in person, check entry security, and read tenant reviews before signing a lease.
How far are apartments from University of Alaska Anchorage's campus?
Most student apartments are 0.3–1.5 miles away — a 5–20 minute walk. Bus routes allow students to live 2–3 miles away without needing a car.