Sophie Plaza Apartments
1721 University Ave S,
Fairbanks, AK 99709
$1,402 - $1,692
1-2 Beds
Living in Fairbanks combines frontier spirit with city living in Alaska's Golden Heart City. As Alaska's second-largest city, Fairbanks treats residents to breathtaking views of the Alaska Range on clear days and the aurora borealis, visible approximately 200 nights per year. The University of Alaska Fairbanks enriches the community's educational landscape, while Pioneer Park preserves the area's gold rush history. Current rental trends show moderate increases, with one-bedroom apartments averaging $1,282 per month, representing a 2.5% annual increase, while larger units like three-bedrooms command around $2,164 monthly.
This Interior Alaska community experiences dramatic seasonal changes, from summer's midnight sun to winter's dark skies illuminated by the northern lights. Notable areas include the University District, with its proximity to campus, and the historic downtown area. The Chena River State Recreation Site provides 29 acres for outdoor activities, including camping and river access. Housing options include apartment communities and single-family homes throughout the city. Community events like the World Ice Art Championships and the Tanana Valley State Fair showcase Fairbanks' year-round spirit.
The spectacular Northern Lights over Fairbanks
A dazzling sunset over the Tanana River
Fairbanks residents enjoy a rugged mountain landscape
The elevated hiking trail through Creamer's Field boreal forest
As of November 2025, the average apartment rent in Fairbanks, AK is $792 for a studio, $1,298 for one bedroom, $1,582 for two bedrooms, and $2,148 for three bedrooms. Apartment rent in Fairbanks has increased by 1.5% in the past year.
The cost of living in Fairbanks, AK is 22.9% higher than the national average. Generally, housing in Fairbanks is 0.9% less expensive than the national average, with rent falling between $792 - $2,148. You can expect to pay 26.4% more for groceries, 112.1% more for utilities, and 17.5% more for transportation.
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Public
Grades PK-8
67 Students
Public
Grades PK-5
467 Students
Public
Grades PK-5
341 Students
Public
Grades PK-5
467 Students
Public
Grades PK-5
411 Students
Public
Grades PK-8
67 Students
Public
Grades 6-8
407 Students
Public
Grades 6-8
545 Students
Public
Grades PK-8
426 Students
Public
Grades PK-8
437 Students
Public
Grades 9-12
906 Students
Public
Grades 9-12
886 Students
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† 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 November 2025.