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Studio Apartments for Rent in Fairbanks, AK

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  • /10

    $750 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    1128 Hess Ave Unit $, Fairbanks, AK 99709

    Property Id: 1223070Affordable studio apartment available near UAF and Ft. Wainwright, with all utilities included. The apartment is unfurnished. Applicants must have a good credit history, current pay stubs, and rental references. Sorry, pets are not allowed, and there is a strict no-smoking policy, including marijuana. If you're interested, please text "Hess" to the contact information

    (855) 798-2122

    1128 Hess Ave Unit $, Fairbanks, AK 99709
  • /14

    $1,200 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    1411 3rd Ave Unit 2, Fairbanks, AK 99701

    1411 3rd Ave Unit 2, Fairbanks, AK 99701
  • /5

    $1,099 Per Month

    • Studio
    • 1 Bath
    • 250 Sq Ft
    • The Residences at Cushman

    1546 S Cushman St Unit 206, Fairbanks, AK 99701

    This affordable efficiency unit is just what you've been looking for. We're offering some of the lowest rates in town and this opportunity is only available for a limited time, so don't miss out! All utilities are included and pets are welcome. We are centrally located in Fairbanks, being only 5 minutes to the base or downtown and 10 minutes to the university or airport. Welcome Home!Apply today!

    1546 S Cushman St Unit 206, Fairbanks, AK 99701

Why Live in Fairbanks

Fairbanks in central Alaska feels both compact and expansive, with about 30,000 residents in town and many more spread across the wider Fairbanks North Star Borough. Daily life often revolves around short commutes to major employers in tourism, health care, oil and mining, as well as the University of Alaska Fairbanks. Locals describe a strong sense of independence paired with a willingness to help, especially during intense winter storms. Outdoor recreation is highly seasonal: summers in the 70s bring hiking, mountain biking and kayaking, while winters with roughly 65 inches of snow and temperatures that can dip below -40 degrees support skiing, dog mushing and ice fishing, plus frequent northern lights sightings during long dark days. Nearby attractions include Creamer’s Field Migratory Waterfowl Refuge, the Chena River riverwalk and Pioneer Park, with Denali National Park about 120 miles away. Downtown Fairbanks is a hub for shopping, dining and museums, including the Fairbanks Ice Museum, Fairbanks Children’s Museum and Fairbanks Community Museum, and it hosts major events like Golden Days, the Midnight Sun Festival and the Tanana Valley State Fair. Housing ranges from 1930s–1950s ranch-style homes near downtown to newer homes in Hamilton Ridge and larger rural lots in areas like Goldstream and Farmers Loop. Families often look to Watershed Charter School, a highly rated option within the Fairbanks North Star Borough School District.

Frequently Asked Questions

How much does it cost to rent a home in Fairbanks, AK?
The median rent for a home in Fairbanks, AK is $1,675 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Fairbanks, AK?
To comfortably afford the median rent in Fairbanks, AK, a household needs to earn roughly $67,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,675 per month in Fairbanks, AK, renters typically need to show $5,025 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Fairbanks, AK?
In Fairbanks, AK, the price-to-rent ratio is 16.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Fairbanks, AK

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,675
Median Single Family Home Rent
$1,895
Median Condo Rent
$1,550
How to Rent a Home