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modified
Updated 10 Hours Ago

Highlights

  • Prime location
  • Spacious kitchen
  • Living room
  • Brand-new carpet

Location

5350 Lake Otis Pkwy, Anchorage, AK 99507, USA
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Tour Mellen LO - Lake Otis 5350

Contact

Management

Roy Briley Rental Management

Leasing office

(907) 575-9900

Floor plans

2BR/1.0BA2 bed1 bath850 sqft$1,695 /mo1 unit availableHEAT PAID! This beautifully updated top-floor unit offers comfort and convenience, making for truly worry-free living. Featuring brand-new carpet and fresh interior paint throughout, the home feels bright, clean, and inviting, enhanced by abundant natural light that flows through the well-designed layout. The spacious kitchen opens seamlessly to the living room, creating an ideal space for everyday living and entertaining, while a cozy dining nook adds charm and functionality. Both bedrooms are generously sized with ample closet space, and the unit provides excellent storage throughout. Located in the highly desirable UMED area, this centrally positioned home offers outstanding access to hospitals, universities, shopping, parks, trails, dining, and essential services, as well as major roadways and an easy commute to JBER. Thoughtfully maintained and move-in ready, this top-floor residence delivers a comfortable Anchorage living experience in a prime location with unbeatable value.

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units12
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About Mellen LO - Lake Otis 5350

HomeApartments in Anchorage Mellen LO - Lake Otis 5350

HEAT PAID! This beautifully updated top-floor unit offers comfort and convenience, making for truly worry-free living. Featuring brand-new carpet and fresh interior paint throughout, the home feels bright, clean, and inviting, enhanced by abundant natural light that flows through the well-designed layout. The spacious kitchen opens seamlessly to the living room, creating an ideal space for everyday living and entertaining, while a cozy dining nook adds charm and functionality. Both bedrooms are generously sized with ample closet space, and the unit provides excellent storage throughout. Located in the highly desirable UMED area, this centrally positioned home offers outstanding access to hospitals, universities, shopping, parks, trails, dining, and essential services, as well as major roadways and an easy commute to JBER. Thoughtfully maintained and move-in ready, this top-floor residence delivers a comfortable Anchorage living experience in a prime location with unbeatable value.


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

Elementary school nearby
There is an elementary school 0.4 mile away
High school nearby
There is a high school 0.5 mile away

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Rent trends in Anchorage

2-bedroom apartments at Mellen LO - Lake Otis 5350 cost about 0% less than the average rent price for 2-bedroom apartments in Anchorage.

Median rents as of Sep 19 2026.
Anchorage
A table of studio rental data trends in Anchorage
MonthMedian Rent
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
November 2025$1,079
December 2025$1,060
January 2026$1,013
February 2026$1,026
March 2026$1,124
April 2026$1,062
May 2026$1,154
June 2026$1,116
July 2026$1,114
August 2026$1,115
September 2026$1,147

Affordability calculator

Can I afford to live at 5350 Lake Otis Pkwy?

Bedrooms

2 bedrooms

Rent-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

$67,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $67,800 annually to afford this 2-bedrooms monthly rent price of $1,695.
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

Paideia Cooperative School

616 w 10th ave

anchorage, AK, 99501

K-12Public
A-
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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
Fred Meyer
1000 E Northern Lights Blvd
Alaska International Groceries
401 W Intl Airport Rd

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