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Studio Apartment for Rent in Palmer, AK

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    $1,000 Per Month

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

    2160 S Killarney Dr, Palmer, AK 99645

    AVAILABLE 6.11.26 Studio Cabin, $1000+ electric and gas utilities. Washer/Dryer on-site. Open kitchen and dining area. Backs to Canoe Lake with nice view and trail to lake front. Appliances, loft space, easy commute. Pets subject to approval. SUMMER PHOTOS

    2160 S Killarney Dr, Palmer, AK 99645

Why Live in Palmer

Palmer offers a quiet, rustic setting with a blend of valley and highland beauty, surrounded by tall pines and snow-capped ridges. Established in 1916, Palmer has a rich history, with 18 colony buildings from the 1930s and 1940s still standing in its nine-block historic downtown, including the Colony House Museum. Housing ranges from established homes to new construction, including two-story Craftsman homes in the Green Acres community and contemporary homes in Hidden Ranch. Residents enjoy well-kept yards and sometimes sidewalks on the flat streets. The community is prepared for occasional windstorms from the Matanuska River, with homes often featuring metal roofs. Palmer is known for its golf scene, with the Palmer Municipal Golf Course attracting players from all across the state. Locals also frequent the Sherrod sports complex, which includes a BMX Bike Park and a walking trail along the Matanuska River. The Matanuska-Susitna Borough School District serves the area, with highly rated schools like Swanson and Sherrod elementary schools. Restaurants include the family-owned Noisy Goose Restaurant and La Fiesta for Mexican cuisine. Palmer hosts annual events such as Colony Days and the Alaska State Fair, a 14-day event, featuring bands, carnival rides and a giant cabbage weigh-off. Despite its rural nature, Palmer is accessible, with Anchorage about 40 miles away and the Palmer Airport.

Frequently Asked Questions

How much does it cost to rent a home in Palmer, AK?
The median rent for a home in Palmer, AK is $2,322 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Palmer, AK?
To comfortably afford the median rent in Palmer, AK, a household needs to earn roughly $92,880 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 $2,322 per month in Palmer, AK, renters typically need to show $6,966 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 Palmer, AK?
In Palmer, AK, the price-to-rent ratio is 16.5, 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 Trends in Palmer, AK

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,322
Median Single Family Home Rent
$1,998
Median Townhouse Rent
$2,183
Median Condo Rent
$1,000
How to Rent a Home