Average Rent in Fairbanks, AK and Rent Price Trends

Rent trends in Fairbanks, AK

Average rent prices in Fairbanks have remained the same over the last month and have decreased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Fairbanks, AK

Rent prices in Fairbanks vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Fairbanks is $1,500, whereas a house costs $2,250. 1-bedroom apartments in Fairbanks run $1,300 on average, while 2-bedroom apartments are $1,650.


Studio	$962	16%	4%
1 bedroom	$1,350	9%	5%
2 bedroom	$1,650	1%	2%
3 bedroom	$2,450	4%	15%
4 bedroom	$2,800	No Change	5%

		Listings
Aurora Lemeta	$1,575
Birchwood Homes	$1,600
Downtown Fairbanks	$1,472
Graehl	$1,650
Hamilton Acres	$1,600
Island Homes	$1,675
Jillian Square	$1,500
Shannon Park	$1,700
Van Horn Industrial Area	$1,650
Weeks Field	$1,400


Apartments	$1,500	2%	No Change
Condos	$1,800	35%	No Change
Houses	$2,250	2%	No Change

Studio

Average rent

$962

Last 30 days

16%

Last year

1 bedroom

Average rent

$1,350

Last 30 days

Last year

2 bedroom

Average rent

$1,650

Last 30 days

Last year

3 bedroom

Average rent

$2,450

Last 30 days

Last year

15%

4 bedroom

Average rent

$2,800

Last 30 days

No Change

Last year

The table above reflects average rent prices in Fairbanks, AK, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Fairbanks, AK compare to other cities?

Compare median rent prices in Fairbanks and Badger by all bedroom counts and property types.

Fairbanks

Median rent price$1,572

18%

lower than the national median

Median rent price$1,875

lower than the national median

Takeaway

The median rent for all rentals in Fairbanks, AK is 16% lower than the median rent in Badger, AK.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,875

$1,500

$1,450

$1,900

$1,800

$1,495

$2,200

Cost of living in Fairbanks, AK

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	20% higher
Groceries	24% higher
Health	32% higher
Housing	1% higher
Transportation	20% higher
Utilities	109% higher

Discover rentals in Fairbanks, AK

17h ago

7.7

Very good

302 7th Avenue

302 7th Ave, Fairbanks, AK 99701

Studio

1 bath

$500

Apartment for rent

2d ago

8.3

Very good

500 A Street

500 A St, Fairbanks, AK 99701

2 beds

1 bath

$1,200

Apartment for rent

1d ago

8.5

Very good

1704 Marika Road

1704 Marika Rd, Fairbanks, AK 99709

2 beds

1 bath

$1,400

Apartment for rent

2d ago

8.4

Very good

Lathrop St (1424/1426)

1424/1426 Lathrop St, Fairbanks, AK 99701

2 beds

1 bath

$1,500

Apartment for rent

5d+ ago

Downtown Fairbanks condo for rent in Fairbanks

CONDOS - Fairbanks, AK

1050 Turner St #104, Fairbanks, AK 99701

2 beds

1 bath

$1,500

Condo for rent

1d ago

8.5

Very good

Turner St. 1446

1446 Turner St, Fairbanks, AK 99701

2 beds

1 bath

$1,550

Apartment for rent

2d ago

8.5

Very good

Colonial Manor

3276 Adams Dr, Fairbanks, AK 99709

2 beds

1 bath

$1,600

Apartment for rent

4d ago

9.1

Excellent

Sunrise Village

825 815, 817, 825 17th Ave., Fairbanks, AK 99701

2 beds

1 bath

$1,600

Apartment for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Fairbanks, AK

Quick answers to common questions about the Fairbanks rental market.

How much is rent in Fairbanks?

The average rent in Fairbanks is $1,572 per month as of August 22, 2026.

Is rent up or down in Fairbanks?

Average rent prices in Fairbanks have remained the same over the last month and have decreased by 2% since last year.

How does Fairbanks rent compare to the national average?

Rent in Fairbanks is 18% below the national average, which means renters are paying approximately $352 less per month.

Which neighborhoods are most affordable in Fairbanks?

The most affordable neighborhoods in Fairbanks are Weeks Field ($1,400/mo), Downtown Fairbanks ($1,472/mo), and Jillian Square ($1,500/mo).

What salary do I need to afford rent in Fairbanks?

To comfortably afford rent in Fairbanks, you'd need to earn approximately $63,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Fairbanks?

August and November offer the best rental deals in Fairbanks, with August seeing the lowest rents of the year and November being the least competitive month with lower demand relative to available inventory.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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