1 Day Ago
Highlights
- Large bedrooms
- Spacious kitchen
- Plenty of closet space
Location
5350 Lake Otis Pkwy, Anchorage, AK 99507, USA
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Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 816 sqft | $1,550 /mo | 1 unit available | All Utilities Included! Fantastic 2 bed/1 Bath unit that is centrally located near the UMED area! This is a first level unit with plenty of windows for tons of natural light! Other features include a spacious kitchen that opens to the living room, dining nook, large bedrooms and plenty of closet space. This property is ideally located near UMED! |
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Amenities for Mellen LO - Lake Otis 5350
Apartment Amenities
| Utilities Included |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Building details
Property details
| Units | 12 |
|---|
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About Mellen LO - Lake Otis 5350
All Utilities Included! Fantastic 2 bed/1 Bath unit that is centrally located near the UMED area! This is a first level unit with plenty of windows for tons of natural light! Other features include a spacious kitchen that opens to the living room, dining nook, large bedrooms and plenty of closet space. This property is ideally located near UMED!
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Mellen LO - Lake Otis 5350 compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 0.5 mile away
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Anchorage
2-bedroom apartments at Mellen LO - Lake Otis 5350 cost about 9% less than the average rent price for 2-bedroom apartments in Anchorage.
Median rents as of Oct 25 2025.
Anchorage
| Month | Median Rent |
|---|---|
| November 2023 | $1,058 |
| December 2023 | $1,077 |
| January 2024 | $1,125 |
| February 2024 | $950 |
| March 2024 | $926 |
| April 2024 | $1,102 |
| May 2024 | $1,310 |
| June 2024 | $1,460 |
| July 2024 | $1,522 |
| August 2024 | $1,010 |
| September 2024 | $1,033 |
| October 2024 | $1,167 |
| November 2024 | $1,158 |
| December 2024 | $1,148 |
| January 2025 | $1,130 |
| February 2025 | $1,189 |
| March 2025 | $1,156 |
| April 2025 | $1,227 |
| May 2025 | $1,189 |
| June 2025 | $1,161 |
| July 2025 | $1,201 |
| August 2025 | $1,384 |
| September 2025 | $1,152 |
| October 2025 | $1,023 |
Affordability calculator
Can I afford to live at 5350 Lake Otis Pkwy?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$62,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 2-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
Schools near Mellen LO - Lake Otis 5350
Tudor Elementary School
1666 cache dr
anchorage, AK, 99507
PK, K-6Public
B-
Northern Lights ABC K-8 School
2424 east dowling rd
anchorage, AK, 99507
PK, K-8Public
A-
Whaley School
2220 nichols st
anchorage, AK, 99508
PK, K-12Public
Alaska State School for the Deaf & Hard of Hearing
5530 e northern lights blvd
anchorage, AK, 99504
PK, K-12Public
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Internet available near Mellen LO - Lake Otis 5350
Getting around Anchorage near 5350 Lake Otis Pkwy
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 5350 Lake Otis Pkwy, Anchorage
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
3/10
No high schools within a 30-minute walk
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 5350 Lake Otis Pkwy
Alaska Dinner Factory
5905 Lake Otis Pkwy
Alaska Halal International Market
6140 Old Seward Hwy
Sagaya Corp
3700 Old Seward Hwy
Alaska International Groceries
401 W Intl Airport Rd
Fred Meyer
1000 E Northern Lights Blvd
Bella E Bella
2217 E Tudor Rd
Wear 96 Ltd
4050 Lake Otis Pkwy
Orianda's Bridal Boutique
4200 Old Seward Hwy
Snow Leopard Boutique
4240 Old Seward Hwy
United By Roots LLC
703 Blackburn Ct
TLC Cafe
2476 E Tudor Rd
Golden Donuts
2213 E Tudor Rd
Starbucks
2421 E Tudor Rd
Sourdough Coffee LLC
4100 Lake Otis Pkwy
Ultimate Cup Drive Thru Espresso
3335 E Tudor Rd
Los Arcos Mexican Restaurant
2000 E Dowling Rd
Serrano's Mexican Grill
2514 E Tudor Rd
New Peanut Farm
5227 Old Seward Hwy
Blue Fox Cocktail
3461 E Tudor Rd
Roseland Inc
3461 E Tudor Rd
Anchorage Bakery Outlet LLC
5520 Lake Otis Pkwy
Josie' S Bakery
5915 Lake Otis Pkwy
Arctic Moon Bakery
2000 E Dowling Rd
Power Nutrition
5310 Mockingbird Dr
Avante Medical Center Skin Wellness
3851 Piper St
Lalo's Pizza Take Out
5915 Lake Otis Pkwy
Thai Orchid Alaska
5905 Lake Otis Pkwy
Los Arcos Mexican Restaurant
2000 E Dowling Rd
Pretzel Factory
1720 E 59th Ave
Double the Flavor Cafe Inc
2476 E Tudor Rd
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