Apartments Near University of Alaska Fairbanks

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

Average 1BR Rent

$900/mo

Best Neighborhoods

Fairbanks Heights · College Hill

Walk to Campus

5–20 min walk

Housing Near University of Alaska Fairbanks: What to Expect

University of Alaska Fairbanks enrolls 4,027 students, creating steady demand for off-campus housing in Fairbanks, 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 Fairbanks

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

Park Court

Best Value

High-rise living with panoramic views, rooftop pool, and concierge service.

$657–$750/mo

Studio · 1 BA · 0.3 mi from campus

Grove Commons

Most Popular

Quiet study-focused community with fiber internet and soundproofed bedrooms.

$834–$950/mo

1 BR · 1 BA · 0.5 mi from campus

Park Landing

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

$955–$1,100/mo

2 BR · 1 BA · 0.7 mi from campus

Scholar Terrace

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

$1,244–$1,450/mo

3 BR · 2 BA · 0.9 mi from campus

Landmark Heights

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

$797–$900/mo

1 BR · 1 BA · 1.1 mi from campus

Scholar Village

New Building

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

$952–$1,100/mo

2 BR · 2 BA · 1.4 mi from campus

Heritage Heights

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

$1,231–$1,400/mo

4 BR · 2 BA · 1.6 mi from campus

Best Areas to Live Near University of Alaska Fairbanks

Fairbanks Heights

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

$900–$1,500/moFreshmen

College Hill

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

The Loop

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

Near North

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 Fairbanks

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 Fairbanks

FAQ — Apartments Near University of Alaska Fairbanks

What is the cheapest housing near University of Alaska Fairbanks?
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 Fairbanks?
Top areas include Fairbanks Heights, College Hill, The Loop, Near North. 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 Fairbanks?
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 Fairbanks?
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 Fairbanks'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.