Affordable Housing In Anchorage

49 Low Income Apartment Communities In Anchorage

Hampstead Heath Apartments

6641 Hampstead Dr
Anchorage, AK
2-3 BR
Accepts Vouchers

Tyonek Terrace

9141 Peck Ave
Anchorage, AK
1-2 BR
Accepts Vouchers

Grass Creek Village

7700 Creekside Center Dr
Anchorage, AK
1-4 BR
Accepts Vouchers

Commodore Park Plaza

10415 Jamestown Dr
Anchorage, AK
Call For Rent
1 BR
Elderly Supportive Housing

Mountain View Village

4210 Mountain View Dr
Anchorage, AK
1-4 BR
Accepts Vouchers

Chester Creek Estates

5814 East Northern Lights
Anchorage, AK
1-4 BR
Accepts Vouchers

Coronado Park Apartments

16820 Coronado St
Anchorage, AK
Studio-2 BR
Accepts Vouchers

Eklutna Estates

8850 Centennial Cir
Anchorage, AK
1-2 BR
Accepts Vouchers

Trailside Heights

2773 Trailside Loop
Anchorage, AK
Call For Rent
2-3 BR
Accepts Vouchers

Creekview Plaza

1400 Muldoon
Anchorage, AK
1-2 BR
Accepts Vouchers

Housing Authorities that serve Anchorage

Housing Authority Programs
Alaska Housing Finance Corporation - Section 8 Section 8 Housing Choice Voucher (HCV); Moving to Work
Alaska Housing Finance Corporation - Public Housing Public Housing; Moving to Work

Guide To Affordable Housing in Anchorage, Alaska

There are 49 low income housing apartment communities offering 3,341 affordable apartments for rent in Anchorage, Alaska.

Income Based Apartments in Anchorage, Alaska

Anchorage features 1,116 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Anchorage, Alaska

There are 1,819 rent subsidized apartments that do not provide 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 holder contributes $600 towards rent in Anchorage.

The maximum amount a voucher would pay on behalf of a low-income tenant in Anchorage, Alaska for a two-bedroom apartment is between $1,175 and $1,436.

2020 Anchorage, Alaska Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $935 $991 $1,305 $1,883 $2,291
Payment Standard Range $842 to $1,029 $892 to $1,090 $1,175 to $1,436 $1,695 to $2,071 $2,062 to $2,520

Sourced from federal housing data and research.

Anchorage, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 49
Total Low Income Apartments 3,341
Total Housing Units with Rental Assistance 1,116
Percentage of Housing Units Occupied By Renters 39.99%
Average Renter Household Size 2.60
Average Household Size 2.77
Median Household Income $78,326 ±$1,872
Median Rent $1,197 ±$16
Percentage Of Renters Overburdened 45.16% ± 2pp
Total Population 299,107

Population and Household Demographics

Anchorage is a City in Alaska with a population of 299,107. There are 105,175 households in the city with an average household size of 2.77 persons. 39.99% of households in Anchorage are renters.

Income and Rent Overburden in Anchorage

The median gross income for households in Anchorage is $78,326 a year, or $6,527 a month. The median rent for the city is $1,197 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Anchorage, a household making less than $3,990 a month would be considered overburdened when renting an apartment at or above the median rent. 45.16% of households who rent are overburdened in Anchorage.1

Area Median Income In Anchorage

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Anchorage, HUD calculates the Area Median Income for a family of four as $104,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Anchorage

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Anchorage HUD Rental Assistance in Anchorage

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $22,050 $25,200 $28,350 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $36,750 $42,000 $47,250 $52,450 $56,650 $60,850 $65,050 $69,250
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700