Discovery Luxury Rentals
310 W 76th Ave,
Anchorage, AK 99518
$1,795 - $1,995
2 Beds
Anchorage
Anchorage, AK Area Guide
Breathtaking views and a thriving commercial district await in Alaska’s capital city
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Anchorage, Alaska's largest city, combines metropolitan amenities with wilderness adventures at its doorstep. Spanning 1,947 square miles between the Chugach Mountains and Cook Inlet, this remarkable city offers an extraordinary setting for urban living. The University of Alaska Anchorage anchors the academic community, while neighborhoods like South Addition feature historic homes along tree-lined streets. Downtown serves as the cultural heart of the city, and Midtown provides varied housing options from apartments to single-family homes, with current average rents ranging from $1,101 for studios to $1,914 for four-bedroom units.
The rental market shows consistent growth, with rates increasing across all unit sizes - one-bedroom apartments average $1,299, reflecting a 3.6% rise, while three-bedroom homes now average $1,763, a 4.6% increase. With a population of 284,871 and a median household income of $91,017, Anchorage maintains a strong economic foundation. The city offers abundant outdoor recreation, from the 11-mile Tony Knowles Coastal Trail to nearby skiing destinations. The Alaska Native Heritage Center showcases the rich cultural heritage of Alaska's indigenous peoples, while Town Square Park hosts seasonal activities including winter ice skating. The Anchorage Market draws locals and visitors to downtown during summer months, celebrating local crafts and regional products.
Explore the City
Eklutna Lake and Bold Peak showcases the beauty of Alaska.
Anchorage has a couple of colleges and universities.
Live surrounded by nature on Anchorage's east side.
Rent Trends
As of March 2026, the average apartment rent in Anchorage, AK is $1,145 for a studio, $1,333 for one bedroom, $1,596 for two bedrooms, and $1,812 for three bedrooms. Apartment rent in Anchorage has increased by 1.9% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,333/month
588 Sq Ft
House
$2,871/month
1,744 Sq Ft
Condo
$1,593/month
737 Sq Ft
Townhome
$2,408/month
1,020 Sq Ft
Cost of Living
The cost of living in Anchorage, AK is 25.4% higher than the national average. Generally, housing in Anchorage is 33.5% more expensive than the national average, with rent falling between $1,145 - $1,812. You can expect to pay 23.8% more for groceries, 11.3% more for utilities, and 18.4% more for transportation.
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School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Parks and Recreation
- Chugach State Park
Military Bases
Airports
- Merrill Field
- Ted Stevens Anchorage International
Top Apartments in Anchorage
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Living in Anchorage
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.