Rent in Alaska
The median 2-bedroom Fair Market Rent in Alaska is $1,631/mo, ranking #16 out of 51 states for highest rent. This is $381 above the national median of $1,250/mo. Alaska has a population of 734K. About 33.4% of households rent their homes. Fair Market Rent data covers 3 areas across the state.
Highlights
All 3 Areas in Alaska
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Fairbanks-College Pop. 96K | $1,156 | $1,277 | $1,676 | $2,331 | 23.7% | - |
| Anchorage Pop. 400K | $1,152 | $1,243 | $1,631 | $2,268 | 20.4% | +12.2% |
| Matanuska-Susitna Borough Pop. 111K | $1,015 | $1,049 | $1,376 | $1,914 | 18.2% | +7.5% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Alaska is $1,631 per month. Rents range from $1,376/mo in Matanuska-Susitna Borough to $1,676/mo in Fairbanks-College. The actual median gross rent statewide is $1,388/mo according to Census data.
Alaska ranks #16 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,631/mo is $381 above the national median of $1,250/mo.
The average rent burden across Alaska is 20.8%, meaning a typical household would spend 20.8% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $89,336.
The most affordable area in Alaska is Matanuska-Susitna Borough with a 2-bedroom Fair Market Rent of $1,376/mo. The median household income there is $90,625.
The most expensive area in Alaska is Fairbanks-College with a 2-bedroom Fair Market Rent of $1,676/mo. The median household income there is $84,722.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.