Sophie Plaza Apartments
1721 University Ave S,
Fairbanks, AK 99709
$1,402 - $1,692
1-2 Beds
Fairbanks sits deep in Alaska's interior, where the Chena River winds through a city that serves as the beating hub of the entire region above the 64th parallel. Known as Alaska's Golden Heart City, it is the state's second-largest city and a key supply and service center tied to Fort Wainwright, Eielson Air Force Base, and the University of Alaska Fairbanks. That institutional backbone gives the local economy a steady pulse that few cities of this size can match. The aurora borealis graces the sky roughly 200 nights a year, and summer brings the surreal stretch of the midnight sun—details that shape daily rhythms here in ways that simply don't exist anywhere else in the country.
Neighborhoods range from the historic downtown core along the Chena Riverwalk to the quieter hillside streets of Chena Ridge and the campus-adjacent areas near UAF. Renters can choose from apartment communities, townhomes, and single-family rentals spread across a compact, 33-square-mile footprint. The World Ice Art Championships and the Tanana Valley State Fair reflect the strong sense of community that anchors life here year-round. Whether you're drawn by academic pursuits, a military assignment, or simply the pull of Alaska itself, Fairbanks offers a grounded, self-sufficient lifestyle unlike anything in the Lower 48.
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 April 2026, the average apartment rent in Fairbanks, AK is $873 for a studio, $1,321 for one bedroom, $1,636 for two bedrooms, and $2,176 for three bedrooms. Apartment rent in Fairbanks has increased by 2.3% in the past year.
The cost of living in Fairbanks, AK is 22.8% higher than the national average. Generally, housing in Fairbanks is 0.5% less expensive than the national average, with rent falling between $873 - $2,187. You can expect to pay 23.2% more for groceries, 112.2% more for utilities, and 21.3% more for transportation.
Explore how walkable, bikeable, drivable, and transit-friendly Fairbanks, AK is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades K-8
198 Students
Public
Grades PK-8
67 Students
Public
Grades PK-5
467 Students
Public
Grades PK-5
341 Students
Chinook Montessori Charter School
Public
Grades K-8
155 Students
Public
Grades K-8
198 Students
Public
Grades PK-8
67 Students
Chinook Montessori Charter School
Public
Grades K-8
155 Students
Public
Grades 6-8
407 Students
Public
Grades 6-8
545 Students
Public
Grades 9-12
906 Students
Public
Grades 9-12
Public
Grades 9-12
886 Students
Public
Grades 6-12
133 Students
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.
† 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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.