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Monthly Rent
$1,310 - $1,855
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Bedrooms
Studio - 2 bd
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Bathrooms
1 - 2 ba
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Square Feet
450 - 920 sq ft
Terrace on the Lake Apartment Homes offers comfortable, pet-friendly apartments in Anchorage, AK.Choose from studio, 1, or 2-bedroom apartments featuring modern kitchens with a full suite of appliances and ample counter space. You'll have convenient features, like in-unit laundry, ceiling fans, and large closets. Select apartments have dining areas, walk-in closets, and fireplaces. Our community amenities include on-site tennis courts, a fitness center, a soothing sauna, and a dog park. Our 24-hour emergency maintenance services and courtesy security patrol will give you peace of mind.Terrace on The Lake is near the Walter J. Hickel Parkway, offering an easy commute to anywhere in Anchorage. You'll live near Providence Hospital, Alaska Native Medical Center, Joint Base Elmendorf-Richardson, and the University of Alaska Anchorage. Outdoor attractions, like Bentzen Lake and the Chugach Mountains, are close to home. You belong at Terrace on the Lake Apartments in Anchorage, AK!
Highlights
- Furnished Units Available
- Sauna
- Walk-In Closets
- Planned Social Activities
- Pet Play Area
- Fireplace
- Picnic Area
- Grill
- Property Manager on Site
Pricing & Floor Plans
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Unit C32price $1,330square feet 450availibility Now
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Unit C26price $1,320square feet 450availibility May 22
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Unit E10price $1,330square feet 450availibility May 28
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Unit D24price $1,430square feet 580availibility Jun 12
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Unit D15price $1,425square feet 580availibility Jun 29
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Unit B18price $1,405square feet 580availibility Jul 15
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Unit C30price $1,850square feet 920availibility Now
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Unit E39price $1,855square feet 920availibility May 22
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Unit A25price $1,840square feet 920availibility Jun 24
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Unit C32price $1,330square feet 450availibility Now
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Unit C26price $1,320square feet 450availibility May 22
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Unit E10price $1,330square feet 450availibility May 28
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Unit D24price $1,430square feet 580availibility Jun 12
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Unit D15price $1,425square feet 580availibility Jun 29
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Unit B18price $1,405square feet 580availibility Jul 15
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Unit C30price $1,850square feet 920availibility Now
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Unit E39price $1,855square feet 920availibility May 22
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Unit A25price $1,840square feet 920availibility Jun 24
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
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One-Time Basics
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DepositVaries by unit
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Due at Application
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Application Fee Per ApplicantCharged per applicant.$25
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Dogs
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Dog FeeCharged per pet.$300
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Dog RentCharged per pet.$40 / mo
Restrictions:Breed restrictions applyRead More Read LessComments -
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Cats
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Cat FeeCharged per pet.$300
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Cat RentCharged per pet.$40 / mo
Restrictions:Comments -
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Lease Options
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10 - 15 Month Leases
Property Information
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Built in 1977
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146 units/3 stories
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Furnished Units Available
About Terrace on the Lake
Terrace on the Lake Apartment Homes offers comfortable, pet-friendly apartments in Anchorage, AK.Choose from studio, 1, or 2-bedroom apartments featuring modern kitchens with a full suite of appliances and ample counter space. You'll have convenient features, like in-unit laundry, ceiling fans, and large closets. Select apartments have dining areas, walk-in closets, and fireplaces. Our community amenities include on-site tennis courts, a fitness center, a soothing sauna, and a dog park. Our 24-hour emergency maintenance services and courtesy security patrol will give you peace of mind.Terrace on The Lake is near the Walter J. Hickel Parkway, offering an easy commute to anywhere in Anchorage. You'll live near Providence Hospital, Alaska Native Medical Center, Joint Base Elmendorf-Richardson, and the University of Alaska Anchorage. Outdoor attractions, like Bentzen Lake and the Chugach Mountains, are close to home. You belong at Terrace on the Lake Apartments in Anchorage, AK!
Terrace on the Lake is an apartment community located in Anchorage County and the 99517 ZIP Code. This area is served by the Anchorage School District attendance zone.
Unique Features
- * Select Apartments
- *In select homes
- 24-Hour Emergency Maintenance
- Barbecue/Grill Station
- Cardio Machines
- Carpeting
- Ceiling Fans*
- Complete Kitchen Appliance Package
- Efficient Appliances
- Energy Efficient Windows (Triple Paned)
- Fireplace*
- Fitness Center
- Furnished Apartments Available*
- Garbage Disposal*
- In-home Washer/Dryer
- Large Closets
- Microwave*
- Night Patrol
- Online Payments & Service Requests
- On-Site Maintenance
- On-Site Management
- Package Receiving
- Planned Social Activities/ Resident Events
- Sauna
- Triple Pane Windows
- Walk-in Closets*
- Washer & Dryer In Each Home
Community Amenities
Fitness Center
Furnished Units Available
Playground
Grill
- Maintenance on site
- Property Manager on Site
- 24 Hour Access
- Furnished Units Available
- Planned Social Activities
- Pet Play Area
- Corporate Suites
- Walk-Up
- Fitness Center
- Sauna
- Playground
- Courtyard
- Grill
- Picnic Area
- Pond
Apartment Features
Dishwasher
Walk-In Closets
Microwave
Refrigerator
- Heating
- Ceiling Fans
- Smoke Free
- Tub/Shower
- Fireplace
- Dishwasher
- Disposal
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
- Carpet
- Vinyl Flooring
- Dining Room
- Walk-In Closets
- Linen Closet
- Lawn
Formerly its own city, Spenard is a large Anchorage neighborhood nestled between Hood Canal and Midtown. Spenard combines rugged outdoor adventures with elements of chic city living to create a unique community. If you're into the bohemian lifestyle, poetry jams, bicycle parties, and a diverse range of cultural festivals, start your search for some affordable Spenard housing today. Many choose Spenard for its close proximity to some of Anchorage's biggest natural and cultural attractions, but others choose apartments in Spenard for its world-class international cuisine and down-home Alaskan eateries. Containing part of the city's international airport, this community has grown into one of the most diverse neighborhoods in Anchorage.
Learn more about living in SpenardCompare neighborhood and city base rent averages by bedroom.
| Spenard | Anchorage, AK | |
|---|---|---|
| Studio | $1,081 | $1,153 |
| 1 Bedroom | $1,200 | $1,346 |
| 2 Bedrooms | $1,557 | $1,606 |
| 3 Bedrooms | $1,734 | $1,810 |
- Maintenance on site
- Property Manager on Site
- 24 Hour Access
- Furnished Units Available
- Planned Social Activities
- Pet Play Area
- Corporate Suites
- Walk-Up
- Courtyard
- Grill
- Picnic Area
- Pond
- Fitness Center
- Sauna
- Playground
- * Select Apartments
- *In select homes
- 24-Hour Emergency Maintenance
- Barbecue/Grill Station
- Cardio Machines
- Carpeting
- Ceiling Fans*
- Complete Kitchen Appliance Package
- Efficient Appliances
- Energy Efficient Windows (Triple Paned)
- Fireplace*
- Fitness Center
- Furnished Apartments Available*
- Garbage Disposal*
- In-home Washer/Dryer
- Large Closets
- Microwave*
- Night Patrol
- Online Payments & Service Requests
- On-Site Maintenance
- On-Site Management
- Package Receiving
- Planned Social Activities/ Resident Events
- Sauna
- Triple Pane Windows
- Walk-in Closets*
- Washer & Dryer In Each Home
- Heating
- Ceiling Fans
- Smoke Free
- Tub/Shower
- Fireplace
- Dishwasher
- Disposal
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
- Carpet
- Vinyl Flooring
- Dining Room
- Walk-In Closets
- Linen Closet
- Lawn
| Monday | 10am - 6pm |
|---|---|
| Tuesday | 10am - 6pm |
| Wednesday | 10am - 6pm |
| Thursday | 10am - 6pm |
| Friday | 10am - 6pm |
| Saturday | Closed |
| Sunday | Closed |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 10 min | 4.8 mi | |
| Drive: | 11 min | 5.2 mi | |
| Drive: | 12 min | 5.8 mi |
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.
Scores provided by
What do Walkability, Transit, Drivability, and Bikeability mean?
Walkability measures the walking distance to day-to-day needs.
Transit measures access to public transportation.
Drivability measures congestion, parking availability, and access to major roads.
Bikeability measures the suitability for cycling.
How It Works
Traffic
-Airport
-Businesses
-Scores provided by
HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It WorksTerrace on the Lake Photos
Models
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Studio
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1 Bedroom
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1 Bedroom
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2 Bedrooms
Nearby Apartments
Within 50 Miles of Terrace on the Lake
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Castle
915 W 27th Ave
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$1,110 - $1,475
1-2 Br 1.8 mi
-
Alpine
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Anchorage, AK 99507
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1-2 Br 2.6 mi
-
The Highlands Luxury Residences
2134 E 56th Ave
Anchorage, AK 99507
$2,085 - $2,839
1-2 Br 3.0 mi
-
The Club at Eagle Point
5640 Lake Otis Pky
Anchorage, AK 99507
$1,290 - $1,919
1 Br 3.1 mi
-
College View
3501 E 42nd Ave
Anchorage, AK 99508
$1,220 - $1,230
1-2 Br 4.0 mi
-
Admirals Cove
6029 Debarr Rd
Anchorage, AK 99504
$2,245 - $3,315
2 Br 6.0 mi
Terrace on the Lake does not offer in-unit laundry or shared facilities. Please contact the property to learn about nearby laundry options.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Parking is available at Terrace on the Lake and is free of charge for residents.
Terrace on the Lake has studios to two-bedrooms with rent ranges from $1,310/mo. to $1,855/mo.
Yes, Terrace on the Lake welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,310 for a studio, you would need to earn about $52,400 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
Terrace on the Lake is not currently offering any rent specials. Check back soon, as promotions change frequently.
While Terrace on the Lake does not offer Matterport 3D tours, renters can explore units through In-Person tours. Schedule a tour now.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.
2421 Bentzen Cir
Anchorage, AK 99517