Low Income Apartments and Affordable Housing For Rent in Fairbanks North Star Borough, AK

Discover affordable housing in Fairbanks North Star Borough where there are 43+ 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.

Tanana Apartments

350 S Santa Claus Ln, North Pole, Alaska 99705

bed 1-2
switch_access_shortcut Short Wait

Chenana Apartments

5190 Amherst Dr, Fairbanks, Alaska 99709

bed 1-3
payment Subsidized

Executive Estates

1620 Washington Dr, Fairbanks, Alaska 99709

payment Subsidized

Andrew J. Flodin Apartments

2980 Mack Blvd, Fairbanks, Alaska 99709

payment Subsidized
accessibility Accessible
accessible_forward Disability

Mary a Nordale House

594 Slater Dr, Fairbanks, Alaska 99701

payment Subsidized
accessibility Accessible
accessible_forward Disability

John L Noyes House Foundation

3747 Erickson Ave, Fairbanks, Alaska 99709

payment Subsidized
accessibility Accessible
accessible_forward Disability

Ivan V Fosheim House

4455 Condor Ct, Fairbanks, Alaska 99709

payment Subsidized
accessibility Accessible
accessible_forward Disability

Golden Towers Apartments

330 3rd Ave, Fairbanks, Alaska 99701

payment Subsidized

Moore Street Senior Apartments

1420 Moore St, Fairbanks, Alaska 99701

payment Subsidized
elderly Senior
accessibility Accessible

Marybeth Hafele House

430 Craig Ave, Fairbanks, Alaska 99701

payment Subsidized
accessibility Accessible
accessible_forward Disability

John L Turner House

11 Steelhead Rd, Fairbanks, Alaska 99709

payment Subsidized
accessibility Accessible
accessible_forward Disability

Jack and Virginia Wright House

721 E 8th Ave, North Pole, Alaska 99705

payment Subsidized
accessibility Accessible
accessible_forward Disability

Harding House

1508 25th Ave, Fairbanks, Alaska 99701

payment Subsidized
accessibility Accessible
accessible_forward Disability

Little Dipper Apartments

1910 Turner St, Fairbanks, Alaska 99701

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Birchwood Homes

1066 Turnagin Loop, Fairbanks, Alaska 99701

bed 3-4
payment $2150-2360/mo.

Sophie Plaza Apartments

1721 University Ave S, Fairbanks, Alaska 99709

bed 2
payment $1458/mo.

1209 Bainbridge Blvd

1209 Bainbridge Blvd, Fairbanks, Alaska 99701

bed 4
payment $2600/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

2587 Lunar Ln Unit 2587 Lunar Lane

2587 Lunar Ln Unit 2587 Lunar Lane, Fairbanks, Alaska 99712

bed Studio
payment $845/mo.

2330 Old Richardson Hwy Unit 1

2330 Old Richardson Hwy Unit 1, North Pole, Alaska 99705

bed 3
payment $1900/mo.

1265 Airline Dr Unit 1

1265 Airline Dr Unit 1, North Pole, Alaska 99705

bed 3
payment $1800/mo.

How To Identify Affordable Housing in Fairbanks North Star Borough, Alaska

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fairbanks North Star Borough, Alaska
$31.17/hour
$19.44 (+166%) more than Alaska minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Fairbanks North Star Borough, Alaska Affordable Housing ↓

How many renters live in Fairbanks North Star Borough, Alaska?

The County of Fairbanks North Star Borough has people living in households.

There are renters living in renter households in this County. Renters make up 35.75 percent of the population living in Fairbanks North Star Borough.

What is the rental market like in Fairbanks North Star Borough, Alaska?

There are an estimated housing units in the Fairbanks North Star Borough area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fairbanks North Star Borough, Alaska, there are 1.07 rental units.

What is the vacancy rate for rentals in Fairbanks North Star Borough?

The rental vacancy rate in Fairbanks North Star Borough is 9 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 Fairbanks North Star Borough for each bedroom size?

Occupied Rental Units by Size in Fairbanks North Star Borough
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,694 3,197 4,553 3,543 1,082
Occupied Rental Units by Size in Fairbanks North Star Borough

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

How Much Is Rent in Fairbanks North Star Borough

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,116 to $2,793. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,116
One BR $1,253
Two BR $1,646
Three BR $2,320
Four BR $2,793
2024 Fair Market Rents in Fairbanks North Star Borough, Alaska

How many units are rented at Fair Market Rent (FMR) in Fairbanks North Star Borough?

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 1,462 86 percent
One BR 2,233 70 percent
Two BR 2,702 59 percent
Rental Units Below FMR in Fairbanks North Star Borough, Alaska

How many affordable rental units are in Fairbanks North Star Borough?

There are a variety of federal affordable housing programs serving households in Fairbanks North Star Borough, Alaska including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Fairbanks North Star Borough, Alaska

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Fairbanks North Star Borough, Alaska

Fairbanks North Star Borough features 580 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 Fairbanks North Star Borough, Alaska

There are 429 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairbanks North Star Borough.

Housing Choice Vouchers in Fairbanks North Star Borough, Alaska

On average, Section 8 Housing Choice vouchers pay Fairbanks North Star Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Fairbanks North Star Borough.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fairbanks North Star Borough, Alaska for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening