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

Discover affordable housing in Anchorage where there are 62+ 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.

Brighton Park

360 Bragaw St, Anchorage, Alaska 99508

Southside Seniors Inc

9480 Morningside Loop, Anchorage, Alaska 99515

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Oct 5
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Anchorage, Alaska
$27.54/hour
$15.81 (+135%) more than Alaska minimum wage and $20.29 (+280%) more than the Federal minimum wage.
Learn More About Anchorage, Alaska Affordable Housing ↓

What HUD offices serve Anchorage, Alaska?

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

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

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

How many renters live in Anchorage, Alaska?

The City of Anchorage has 287,145 people living in 109,856 households.

There are 88,554 renters living in 38,499 renter households in this City. Renters make up 30.84 percent of the population living in Anchorage.

What is the rental market like in Anchorage, Alaska?

There are an estimated 120,871 housing units in the Anchorage area. Of these, 42,167 units are rental homes, making up 35 percent of the housing market. For every renter household in Anchorage, Alaska, there are 1 rental units.

What is the vacancy rate for rentals in Anchorage?

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

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

Occupied Rental Units by Size in Anchorage
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4,001 6,107 16,572 9,464 1,926
Occupied Rental Units by Size in Anchorage

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

How many renter households in Anchorage are overburdened by housing costs?

Among renter households in this market, 47 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Anchorage

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

Bed Size 2024 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 Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search 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 Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 2,650 66 percent
One BR 3,728 61 percent
Two BR 9,919 60 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 in Anchorage, Alaska including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 1,709
Public Housing 485
Section 8 Project-Based Rental Assistance 466
Mod Rehab Project-Based Rental Assistance 70
Section 202 Supportive Housing for the Elderly 179
Section 811 Supportive Housing for Persons with Disabilities 54
USDA Section 515 Rural Rental Housing 57
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 and utilities.

Low Rent Apartments in Anchorage, Alaska

There are 1,928 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 $1,309 and $1,599.

Sourced from federal housing data and AffordableHousingOnline.com research.