Average Rent in Fairbanks, AK
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Fairbanks offers a dynamic rental market that blends the convenience of city living with the natural beauty of Alaska’s interior. Prospective renters can choose from a variety of housing options, including modern apartments in the downtown core and spacious homes in established neighborhoods such as College, University, and the historic Goldstream area. The city's proximity to the University of Alaska Fairbanks, the Fairbanks International Airport, and cultural attractions like the Morris Thompson Cultural and Visitors Center makes it an attractive destination for students, professionals, and families seeking a vibrant community.
Apartment rentals in Fairbanks accommodate a range of needs, from cozy one‑bedroom units in the $1300‑$1400 bracket to larger three‑ and four‑plus bedroom layouts that command rates in the $2100‑$2700 range. These properties often feature updated amenities, easy access to public transit, and short walks to popular spots such as the Riverfront Plaza and the Fairbanks Ice Museum. For those desiring more privacy, single‑family houses are widely available, with two‑bedroom homes typically priced around $1900‑$2100, three‑bedroom residences near $2300‑$2400, and expansive four‑plus bedroom homes ranging from $2800 to $3000, offering ample space for growing families or remote work setups.
The rental landscape in Fairbanks reflects the city’s balance of affordability and quality of life. Whether you’re drawn by the nearby Chena River, the annual Aurora Borealis Festival, or the convenience of nearby shopping districts like the Bentley Mall, Fairbanks rentals provide a welcoming base for exploring Alaska’s unique environment while enjoying modern comforts and a supportive community.
Fairbanks Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,287 | $1,175 | $1,000 – $1,800 | $1,100 – $1,800 |
| Apartment | 1 Bedroom | $1,392 | $1,434 | $1,050 – $1,674 | $1,300 – $1,520 |
| Apartment | 2 Bedroom | $1,661 | $1,650 | $1,300 – $2,800 | $1,500 – $1,747 |
| Apartment | 3 Bedroom | $2,067 | $2,125 | $1,750 – $2,450 | $1,800 – $2,175 |
| House | 1 Bedroom | $1,342 | $1,300 | $1,275 – $1,495 | $1,300 – $1,495 |
| House | 2 Bedroom | $2,000 | $2,050 | $1,700 – $2,200 | $2,000 – $2,200 |
| House | 3 Bedroom | $2,285 | $2,300 | $1,700 – $2,950 | $2,050 – $2,500 |
| House | 4+ Bedroom | $2,950 | $2,800 | $2,600 – $3,500 | $2,700 – $3,500 |
Current rent in Fairbanks (all property types): Studio $1,288, 1 Bedroom $1,363, 2 Bedroom $1,696, 3 Bedroom $2,215, 4+ Bedroom $2,882.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
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