RentData

Average Rent in Ketchikan Gateway Borough, AK Rents falling 0.5% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 13,870

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Ketchikan Gateway Borough, AK has rental prices ranging from $1,055/month to $2,583/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,172/month — 16% below the national average of $1,400/month. With a median household income of $89,155/year, spending $1,172/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Ketchikan Gateway Borough Compares

With an average 2-bedroom rent of $1,538/month, Ketchikan Gateway Borough ranks #10 most expensive of the 34 cities tracked in Alaska — pricier than 93% of all US cities in our data.

The Ketchikan Gateway Borough Rental Market

The Ketchikan Gateway Borough, AK area has a population of about 13,870 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Ketchikan Gateway Borough, AK have fallen by $8/month (0.5%) over the past year, from $1,546 to $1,538. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Ketchikan Gateway Borough, AK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $46,880. The local median household income of $89,155 exceeds that threshold by $42,275, making Ketchikan Gateway Borough relatively accessible compared to local wages.

Economy & Jobs

Ketchikan Gateway Borough, AK has an unemployment rate of 2.6%, 1.3 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$1,055
Affordable
1 Bedroom
$1,172
Affordable
2 Bedrooms
$1,538
0.5% YoY
Affordable
3 Bedrooms
$2,138
Affordable
4 Bedrooms
$2,583
Average
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Is Ketchikan Gateway Borough, AK Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$61,520/year
Local median income: $89,155
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,538/month and 20% down on a home at 7% rate.

Nearby Cities in AKlargest metros in the state

CityStudio1BR2BR3BRHome Value
Anchorage$1,089$1,191$1,563$2,190
Matanuska$1,019$1,055$1,384$1,939
Fairbanks$1,144$1,272$1,669$2,339
Kenai Peninsula Borough$943$949$1,245$1,745
Juneau City and Borough$1,202$1,336$1,753$2,456
Bethel Census$1,640$1,650$1,900$2,289

Rent or Buy in Ketchikan Gateway Borough?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Ketchikan Gateway Borough data

$
Home Value
$350,000
2BR Rent
$1,538/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,538/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Ketchikan Gateway Borough

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Ketchikan Gateway Borough

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💵Rent Affordability in Ketchikan Gateway Borough

Salary needed to afford rent here

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📋AK Tenant Rights

Deposit limits, eviction laws & renters protections