Average Rent in Fairbanks, AK and Rent Price Trends

Rent trends in Fairbanks, AK

Average rent prices in Fairbanks have increased by 7% over the last month and have decreased by 6% 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 $1,400, whereas a house costs $2,400. 1-bedroom apartments in Fairbanks run $1,300 on average, while 2-bedroom apartments are $1,600.


Studio	$1,000	2%	4%
1 bedroom	$1,350	4%	5%
2 bedroom	$1,600	1%	1%
3 bedroom	$2,200	5%	53%
4 bedroom	$3,000	8%	133%

		Listings
Aurora Lemeta	$1,900
Downtown Fairbanks	$1,597
Graehl	$1,650
Hamilton Acres	$1,575
Haystack	$1,595
Island Homes	$1,900
Jillian Square	$1,600
Lazelle Estates	$1,700
Van Horn Industrial Area	$1,600
Weeks Field	$1,600


Apartments	$1,400	4%	No Change
Condos	$2,100	3%	No Change
Houses	$2,400	18%	No Change

Studio

Average rent

$1,000

Last 30 days

Last year

1 bedroom

Average rent

$1,350

Last 30 days

Last year

2 bedroom

Average rent

$1,600

Last 30 days

Last year

3 bedroom

Average rent

$2,200

Last 30 days

Last year

53%

4 bedroom

Average rent

$3,000

Last 30 days

Last year

133%

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$1,495

23%

lower than the national median

Median rent price$1,675

14%

lower than the national median

Takeaway

The median rent for all rentals in Fairbanks, AK is 11% lower than the median rent in Badger, AK.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,675

$1,900

$1,800

$1,800

$1,550

$1,550

$1,650

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	17% higher
Groceries	27% higher
Health	51% higher
Housing	2% lower
Transportation	9% higher
Utilities	103% higher

Discover rentals in Fairbanks, AK

2d ago

8.3

Very good

500 A Street

500 A St, Fairbanks, AK 99701

2 beds

1 bath

$1,200

Apartment for rent

5d+ ago

8.4

Very good

8th Ave - 1122

1122 8th Ave, Fairbanks, AK 99701

2 beds

1 bath

$1,300

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

8.5

Very good

Colonial Manor

3276 Adams Dr, Fairbanks, AK 99709

2 beds

1 bath

$1,600

Apartment for rent

3d ago

9.1

Excellent

Sunrise Village

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

2 beds

1 bath

$1,600

Apartment for rent

3d ago

8.8

Very good

Mercier St. (2402)

Mercier St, Fairbanks, AK 99701

2 beds

1 bath

$1,600

Apartment for rent

3D tour

5d+ ago

Van Horn Industrial Area apartment for rent in Fairbanks

2 beds

1 bath

$1,600

Apartment for rent

Available Jun 8

5d+ ago

8.8

Very good

1604 Marika Road

1604 Marika Rd, Fairbanks, AK 99709

2 beds

1 bath

$1,650

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 $1,495 per month as of May 23, 2026.

Is rent up or down in Fairbanks?

Average rent prices in Fairbanks have increased by 7% over the last month and have decreased by 6% since last year.

How does Fairbanks rent compare to the national average?

Rent in Fairbanks is 23% below the national average, which means renters are paying approximately $455 less per month.

Which neighborhoods are most affordable in Fairbanks?

The most affordable neighborhoods in Fairbanks are Hamilton Acres ($1,575/mo), Haystack ($1,595/mo), and Downtown Fairbanks ($1,597/mo).

What salary do I need to afford rent in Fairbanks?

To comfortably afford rent in Fairbanks, you'd need to earn approximately $60,000/year, based on spending no more than 30% of your income on rent.

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

Fairbanks 1-bedroom apartments averaged around $1,300 per month in 2025, while 2-bedroom units averaged around $1,700 monthly. These figures reflect the current rental market across the city's diverse neighborhood options.

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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