5

Studio Apartments for Rent in Fairbanks, AK

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    $800 Per Month

    • Studio
    • 1 Bath
    • 276 Sq Ft
    • Condo for Rent

    2223 S Cushman St Unit 238, Fairbanks, AK 99701

    Property Id: 2359825 Main room 12X18 Two bathroom sections 5X5 each, 276 SQ FT Unfurnished, exit to the outside, Ground level. Linoleum Great Location for all your needs. There is a the gas station across the street. There are several near by bus stops to take you throughout the city, and North Pole. A laundry Mat a block away. There are several agencies for assistance located

    2223 S Cushman St Unit 238, Fairbanks, AK 99701
  • /7

    $875 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    1128 Hess Ave Unit 19, Fairbanks, AK 99709

    Property Id: 2791738 Affordable small 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 no criminal background. 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

    1128 Hess Ave Unit 19, Fairbanks, AK 99709
  • /9

    $850 Per Month

    • Studio
    • 1 Bath
    • 256 Sq Ft
    • House for Rent

    2631 Horsetail Trail, Fairbanks, AK 99709

    Welcome to this cozy dry cabin off Goldstream in Fairbanks, AK. This charming cabin features 1 deck/patio perfect for enjoying the beautiful Alaskan scenery. The cabin is dog friendly, so your furry friend(1 dog) is welcome to join you in your new home. Don't miss out on this unique opportunity to live in a serene setting surrounded by nature.(older photos)Rent is $850 plus

    2631 Horsetail Trail, Fairbanks, AK 99709
  • /5

    $1,250 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    1007 Aurora Dr Unit 3, Fairbanks, AK 99709

    Accepting applications for a cozy 540 sq ft studio apartment located on the second floor near UAF and Fort Wainwright. Heat, water/sewer, and trash pick up included in rent is $1,250.00 a month for a 1 year lease with security deposit. Tenant pays for electricity. SORRY, NO PETS! Please visit our website at to complete an online application. For more information please call M-F 9 to 5. Empire

    1007 Aurora Dr Unit 3, Fairbanks, AK 99709
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    $1,500 Per Month

    • Studio
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    6134 Chena Hot Springs Rd Unit Cabin, Fairbanks, AK 99712

    All in person showings require an application. Virtual showing may be arranged without application.Please apply on our website at Enjoy peaceful living in this furnished cabin located on 23 private acres off Mile 19 Chena Hot Springs Road. This property offers a quiet setting surrounded by Alaska's natural beauty while still being within a reasonable drive of Fairbanks.The

    6134 Chena Hot Springs Rd Unit Cabin, Fairbanks, AK 99712

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 $1,600 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and 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 $64,000 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 $1,600 per month in Fairbanks, AK, renters typically need to show $4,800 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 18.0, 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

Number of Homes for Rent
5
Median Rent
$1,600
Median Single Family Home Rent
$2,300
Median Townhouse Rent
$950
Median Condo Rent
$1,500
How to Rent a Home