Last updated on May 24, 2026

Average rent in
Palmer, AK

Median rent

Median rent in Palmer

$1,500/mo

decreased by15%

vs previous year

The average rent in Palmer is $1,500 per month as of May 2026. This is 23% below the national average rent, or $450 less per month.

$0.82

average price per square foot

Total rentals

Available rentals in Palmer

16

for rent on Zumper.com as of May 2026

Rent price distribution

Share of Palmer rentals at each price point

35%26%18%9%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Palmer, AK

Average rent prices in Palmer have increased by 52% over the last month and have decreased by 15% 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 Palmer, AK

Rent prices in Palmer vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palmer is $1,460, whereas a house costs $2,475. 1-bedroom apartments in Palmer run $1,150 on average, while 2-bedroom apartments are $1,375.

Listings

Studio

$1,050

24%

35%

1 bedroom

$1,150

16%

1%

2 bedroom

$1,650

3%

1%

3 bedroom

$2,095

2%

18%

4 bedroom

$2,950

21%

7%

Studio

Average rent

$1,050

Last 30 days

24%

Last year

35%

1 bedroom

Average rent

$1,150

Last 30 days

16%

Last year

1%

2 bedroom

Average rent

$1,650

Last 30 days

3%

Last year

1%

3 bedroom

Average rent

$2,095

Last 30 days

2%

Last year

18%

4 bedroom

Average rent

$2,950

Last 30 days

21%

Last year

7%

The table above reflects average rent prices in Palmer, 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 Palmer, AK compare to other cities?

Compare median rent prices in Palmer and Anchorage by all bedroom counts and property types.

Palmer

Median rent price$1,500
decreased by23%

lower than the national median

Median rent price$1,797
decreased by8%

lower than the national median

Takeaway

The median rent for all rentals in Palmer, AK is 17% lower than the median rent in Anchorage, AK.

Discover rentals in Palmer, AK

135 N Alaska St #135 - Photo 1 of 1

5d+ ago

Apartment for rent in Palmer

135 N Alaska St.

135 N Alaska St #135, Palmer, AK 99645

1 bed

1 bath

$500

Apartment for rent

Available Apr 1

1021 S Lucas Way - Photo 1 of 1

5d+ ago

Condo for rent in Palmer

1021 S. Lucus Way # B

1021 S Lucas Way, Palmer, AK 99645

2 beds

1 bath

$600

Condo for rent

Available Oct 16

Bella Vista East - Phase II - Photo 1 of 1
3D tour

5d+ ago

8.6

Very good

Bella Vista East - Phase II

E Trennie Loop, Palmer, AK 99645

3–4 beds

2 baths

$2,195–$2,395

Apartment for rent

Stay up to date with rental market insights

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Frequently asked questions for Palmer, AK

Quick answers to common questions about the Palmer rental market.

How much is rent in Palmer?

The average rent in Palmer is $1,500 per month as of May 23, 2026.

Is rent up or down in Palmer?

Average rent prices in Palmer have increased by 52% over the last month and have decreased by 15% since last year.

How does Palmer rent compare to the national average?

Rent in Palmer is 23% below the national average, which means renters are paying approximately $450 less per month.

What salary do I need to afford rent in Palmer?

To comfortably afford rent in Palmer, 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 Palmer?

Palmer offers solid options for renters with pets, with 41% of apartments welcoming furry companions. With an average of 34 listings available monthly, this translates to approximately 14 pet-friendly apartments typically on the market.

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).

Apartments for rent in Anchorage