Affordable & Income-Based Housing in Anchorage

Affordability in Anchorage

According to Census ACS 5-Year data (as of 2024), the median monthly rent in Anchorage is $1,489 and the median household income is $103,284 annually, while 36% of residents rent their homes. Lease Lantern tracks 24 HUD-assisted and income-based properties with 1,128 total units across the city, offering options for renters who qualify for affordable housing programs.

Safety

According to FBI Crime Data Explorer, the Anchorage Police Department reported a violent crime rate of 1,017 per 100,000 residents in 2024. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Anchorage

According to Walk Score, the area around assisted properties in Anchorage rates 47 (Car-Dependent) for walkability, 38 (Some Transit) for transit, and 64 for bikeability. A personal vehicle will cover most errands, though some bus service is available and the city has a notably strong bike infrastructure for a northern city.

Schools

Anchorage is served by 78 public schools across 2 districts -- including 50 elementary, 9 middle, and 19 high schools -- according to the NCES Common Core of Data.

Quality and programs vary by school and district, so renters should look up the assigned schools for any specific address before applying.

Cost of Renting in Anchorage

The median household income in Anchorage is $103,284 per year, according to the Census ACS 5-Year estimate. Affordable and income-based housing in the city is designed to serve renters whose earnings fall well below that level.

The citywide median rent is $1,489 per month, according to the Census ACS 5-Year estimate. HUD-assisted and income-based units can offer significantly lower costs depending on household income and program type.

• Median household income: $103,284/year (Census ACS 5-Year)
• Median market rent: $1,489/month (Census ACS 5-Year)
• Renter households: 36% of Anchorage households rent (Census ACS 5-Year)
• Affordable units tracked: 1,128 income-based units across 24 properties in Anchorage

Flood and Environmental Exposure

All 24 affordable housing properties in Anchorage were mapped for flood risk. None are located in a high-risk flood zone, according to flood mapping data.