Alaska Apartments for Rent

Apartments for rent in Alaska are less expensive than the national average. The price of a studio averages $811 per month, which is $214 below the national average. The price of a one-bedroom averages $1160 per month, which is $297 above the national average. The reason that studio apartments for rent in Alaska cost more than one-bedrooms is that a lot more studios tend to be rented in high-priced areas, whereas in lower-rent areas the smallest apartments you're likely to find are one-bedrooms.

Larger Alaska apartment rentals follow the same trends. The price of a two-bedroom averages $1428 per month, which is $379 above the national average. The price of a three-bedroom averages $1940 per month, which is $627 above the national average.

If you're searching for an Alaska apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive Alaska apartments for rent are in Anchorage.

Economy:

Alaska has the fourth highest median household income in the country, due mostly to the fact that it is a top oil and natural gas producer. The state accounts for 20 percent of domestic oil production and derives 80 percent of its revenues from the resource. Production peaked in 1988 though, and has since fallen by 65 percent. Thanks to an abundance of protected natural wilderness, the tourism is now the second biggest private employer in Alaska, and is a billion dollar industry.