RentData

Average Rent in Northwest Arctic Borough, AK🔺 3rd priciest in AK

HUD FY2025 · Official government data · Updated annually · Metro pop. 7,611

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

Market Overview

Northwest Arctic Borough, AK has rental prices ranging from $1,290/month to $2,973/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,434/month, near the national average. With a median household income of $81,298/year, spending $1,434/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Northwest Arctic Borough Compares

With an average 2-bedroom rent of $1,881/month, Northwest Arctic Borough ranks #3 most expensive of the 34 cities tracked in Alaska — pricier than 97% of all US cities in our data.

The Northwest Arctic Borough Rental Market

The Northwest Arctic Borough, AK area has a population of about 7,611 and 40% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Northwest Arctic Borough, AK have fallen by $3/month (0.2%) over the past year, from $1,884 to $1,881. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Northwest Arctic Borough, AK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $57,360. The local median household income of $81,298 exceeds that threshold by $23,938, making Northwest Arctic Borough relatively accessible compared to local wages.

Economy & Jobs

Northwest Arctic Borough, AK has an unemployment rate of 9.6%, 5.7 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$1,290
Affordable
1 Bedroom
$1,434
Affordable
2 Bedrooms
$1,881
0.2% YoY
Affordable
3 Bedrooms
$2,560
Average
4 Bedrooms
$2,973
Expensive
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Is Northwest Arctic 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
$75,240/year
Local median income: $81,298
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,881/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 Northwest Arctic Borough?

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

Should I Rent or Buy?

Break-even analysis using real Northwest Arctic Borough data

$
Home Value
$350,000
2BR Rent
$1,881/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: $1,881/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Northwest Arctic 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 Northwest Arctic Borough

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💵Rent Affordability in Northwest Arctic Borough

Salary needed to afford rent here

🗺️All Cities in AK

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⚖️Compare Northwest Arctic Borough

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📋AK Tenant Rights

Deposit limits, eviction laws & renters protections