Apartments & Homes for Rent in Fairbanks, AK

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What to Know About

Life in Fairbanks & Beyond

Fairbanks shares many of the great qualities that make Alaska a desirable place to live.

Alaska is the largest state in the United States and is known for its natural beauty, rugged coastline, and wildlife. Learn about the state's rich history and traditions by visiting museums like the Anchorage Museum at Rasmuson Center and the Alaska Native Heritage Center, or pursue higher education at universities like the University of Alaska, Alaska Pacific University, and the University of Fairbanks. A diverse mix of industries, including oil, tourism, and fishing, drives Alaska's economy.

As a state known for its rugged wilderness and abundant wildlife, Alaska offers incredible opportunities for outdoor enthusiasts. From exploring glaciers and fjords to hunting and fishing in the vast wilderness, there's something for everyone. For sports fans, Alaska offers a range of exciting outdoor activities, including skiing, snowboarding, and ice hockey. Be sure to explore famous attractions like Denali National Park and Preserve, Kenai Fjords National Park, Chugach State Park, and the city of Juneau.

With its stunning natural beauty and strong economy, Alaska is a great place to live for those who enjoy outdoor recreation and a unique northern experience.

Rental Market Trends

Fairbanks, AK

As of April 2025, Fairbanks's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Fairbanks's average rent is 14.5% ($250) lower than the Alaska average of $1,727 and 17.9% ($322) lower than the U.S. average of $1,799.

Average Rent
$1,477
Monthly ChangeMonth Over Month Change
Decreased3.8% ($59)
Yearly ChangeYear Over Year Change
Decreased4.2% ($64)
Avg. Days on MarketAverage Days on Market
19
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,387 Decreased2.7% ($39) Increased20% ($231)
2 Beds $1,627 Decreased0.8% ($13) Decreased1.3% ($21)
3 Beds $2,078 Increased3.6% ($72) Increased5.3% ($104)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Fairbanks Rental Market FAQs

Explore rental prices, market trends, and availability in Fairbanks, AK.

The average rent in Fairbanks, AK is $1,477 per month.
Homes in Fairbanks typically rent for between $971 and $2,701 per month, with an average of $1,477 per month.
In Fairbanks, the average rent for a 1-bedroom home is $1,387 per month, for a 2-bedroom home, $1,627 per month, and a 3-bedroom home is $2,078 per month.
The average rent in Fairbanks is 17.9% ($322) lower than the national average of $1,799 per month.
The average rent in Fairbanks has decreased by 3.8% ($59) in the last month and decreased by 4.2% ($64) over the past year.
The rental market in Fairbanks, AK, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Fairbanks, AK, the average rental stays on the market for approximately 19 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 32 rental properties available in Fairbanks, AK.
Based on the current averages, a household would need an annual income of $65,080 to comfortably afford a 2-bedroom home in Fairbanks.
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