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modified
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Highlights

  • Large bedrooms
  • Spacious kitchen
  • Plenty of closet space

Location

5360 Lake Otis Pkwy, Anchorage, AK 99507, USA
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Tour Mellen LO - Lake Otis 5360

Contact

Management

Roy Briley Rental Management

Leasing office

(907) 575-9900

Property Overview

Mellen LO - Lake Otis 5360 stands out with an expert rating of 8.4, underscoring its appeal as a top rental choice. The property features large bedrooms, a spacious kitchen, and ample closet space, complemented by strong ratings in price (10/10) and location (9/10), ensuring exceptional value and convenience. Additionally, it fosters a vibrant community with accessible social options and diverse demographics, enhancing the overall living experience for residents.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • High school nearby

Great for

  • Social life

Floor plans

2BR/1.0BA2 bed1 bath850 sqft$1,525 /mo1 unit availableBeautifully updated 2 bed / 1 bath second-floor unit in a prime midtown location. This bright and welcoming home features abundant natural light, a generous kitchen that flows into the living area, a cozy dining nook, two well-sized bedrooms, and excellent storage throughout. Enjoy the convenience of being close to the UMED district, JBER, walking trails, medical facilities, restaurants, and quick routes to downtown Anchorage. On-site parking, secure building entry, and shared laundry add to the comfort and ease of living here. Ideal for anyone seeking a clean, convenient, and centrally located home with everything included!

Let's explore this property.

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 5360

HomeApartments in Anchorage Mellen LO - Lake Otis 5360

Beautifully updated 2 bed / 1 bath second-floor unit in a prime midtown location. This bright and welcoming home features abundant natural light, a generous kitchen that flows into the living area, a cozy dining nook, two well-sized bedrooms, and excellent storage throughout. Enjoy the convenience of being close to the UMED district, JBER, walking trails, medical facilities, restaurants, and quick routes to downtown Anchorage. On-site parking, secure building entry, and shared laundry add to the comfort and ease of living here. Ideal for anyone seeking a clean, convenient, and centrally located home with everything included!


Mellen LO - Lake Otis 5360 is great for:

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • A bustling neighborhood
  • The area has transit options

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 5360 compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.4 mile away

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Rent trends in Anchorage

2-bedroom apartments at Mellen LO - Lake Otis 5360 cost about 10% less than the average rent price for 2-bedroom apartments in Anchorage.

Median rents as of Feb 28 2026.
Anchorage
A table of studio rental data trends in Anchorage
MonthMedian Rent
March 2024$944
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
November 2025$1,079
December 2025$1,060
January 2026$1,013
February 2026$1,026

Affordability calculator

Can I afford to live at 5360 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

$61,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $61,000 annually to afford this 2-bedrooms monthly rent price of $1,525.
For more information on rent affordability, visit our rent calculator.

Schools near Mellen LO - Lake Otis 5360

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 5360

Getting around Anchorage near 5360 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 5360 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 5360 Lake Otis Pkwy

Alaska Dinner Factory
5905 Lake Otis Pkwy
Alaska Halal International Market
6140 Old Seward Hwy
New Sagaya Markets
3700 Old Seward Hwy
Sagaya Corp
3700 Old Seward Hwy
Alaska International Groceries
401 W Intl Airport Rd

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