RentData

Average Rent in Matanuska, AK↓ Rents falling 6.0% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 110,677

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Matanuska, AK has rental prices ranging from $929/month to $2,161/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $988/month — 29% below the national average of $1,400/month. With a median household income of $90,625/year, spending $988/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Matanuska Compares

With an average 2-bedroom rent of $1,293/month, Matanuska ranks #23 most expensive of the 34 cities tracked in Alaska — pricier than 81% of all US cities in our data.

The Matanuska Rental Market

The Matanuska, AK area has a population of about 110,677 and 23% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Matanuska, AK have fallen by $83/month (6.0%) over the past year, from $1,376 to $1,293. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Matanuska, AK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $39,520. The local median household income of $90,625 exceeds that threshold by $51,105, making Matanuska relatively accessible compared to local wages.

Fair Market Rents

HUD FY2027
Studio
$929
Affordable
1 Bedroom
$988
Affordable
2 Bedrooms
$1,293
↓6.0% YoY
Affordable
3 Bedrooms
$1,790
Affordable
4 Bedrooms
$2,161
Affordable
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Is Matanuska, 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
$51,720/year
Local median income: $90,625
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,293/month and 20% down on a — home at 7% rate.

Nearby Cities in AKlargest metros in the state

CityStudio1BR2BR3BRHome Value
Anchorage$1,095$1,169$1,529$2,117—
Fairbanks$1,081$1,187$1,553$2,150—
Kenai Peninsula Borough$1,056$1,063$1,390$1,925—
Juneau City and Borough$1,258$1,381$1,807$2,379—
Bethel Census$1,738$1,811$1,971$2,348—
Ketchikan Gateway Borough$1,207$1,325$1,733$2,400—

Rent or Buy in Matanuska?

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

Should I Rent or Buy?

Break-even analysis using real Matanuska data

$
Home Value
$350,000
2BR Rent
$1,293/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: $1,293/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Matanuska

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Frequently Asked Questions

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🏘️Neighborhoods in Matanuska

Compare rent & home prices by neighborhood

💵Rent Affordability in Matanuska

Salary needed to afford rent here

🗺️All Cities in AK

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⚖️Compare Matanuska

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📋AK Tenant Rights

Deposit limits, eviction laws & renters protections