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Affordable apartments in Fairbanks, Alaska

9 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

8 lihtc1 section 8

Buildings

LACEY STREET APTS (NORTHWARD)

LIHTC
455 THIRD AVENUE, FAIRBANKS, AK, 99701
Income-restricted units
174 of 184
Year placed in service
2001
Bedroom mix
101 studio · 73 1BR · 10 2BR

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

EXECUTIVE ESTATES

Section 8
1620 Washington Dr, Fairbanks, AK, 99709
Income-restricted units
108 of 108
Year placed in service
Not reported

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

PARK WEST APTS

LIHTC
2012 SANDVIK ST, FAIRBANKS, AK, 99709
Income-restricted units
81 of 83
Year placed in service
1989
Bedroom mix
41 1BR · 42 2BR

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

WEEKS FIELD ESTATES PHASE I

LIHTC
1301 KELLUM ST, FAIRBANKS, AK, 99701
Income-restricted units
73 of 74
Year placed in service
2009
Bedroom mix
6 1BR · 42 2BR · 26 3BR

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

WEEKS FIELD ESTATES PHASE II

LIHTC
1301 KELLUM ST, FAIRBANKS, AK, 99701
Income-restricted units
56 of 56
Year placed in service
2011
Bedroom mix
38 2BR · 18 3BR

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

LITTLE DIPPER APTS

LIHTC
1910 TURNER ST, FAIRBANKS, AK, 99701
Income-restricted units
52 of 52
Year placed in service
1997

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

RIVER POINT VILLAGE

LIHTC
2589 CHIEF WILLIAM DR, FAIRBANKS, AK, 99709
Income-restricted units
25 of 26
Year placed in service
2005
Bedroom mix
6 1BR · 12 2BR · 8 3BR

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

RAVEN ESTATES APTS

LIHTC
FAIRBANKS, AK
Income-restricted units
24 of 24
Year placed in service
1997
Bedroom mix
12 2BR · 12 3BR

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

MLH MANOR

LIHTC
301 7TH AVENUE, FAIRBANKS, AK, 99701
Income-restricted units
0 of 34
Year placed in service
1996

Estimated total housing cost: $1,404 rent + $151 utilities = $1,555/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Alaska

Residential electricity in Alaska runs about 26.36¢/kWh, with a typical monthly residential electric bill near $151. Natural gas runs about $14.07/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Fairbanks, AK

Metro-level
BedroomsLocal FMRNational median
Studio$1,193n/a
1 bedroom$1,334n/a
2 bedroom$1,404$1,502
3 bedroom$1,825n/a
4 bedroom$2,106n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Fairbanks North Star Borough, AK

Fairbanks-College, AK. FY2025. Area median income: $114,900.

Household size30% AMI50% AMI80% AMI
1 person$24,150$40,250$64,350
2 people$27,600$46,000$73,550
3 people$33,310$51,750$82,750
4 people$40,190$57,450$91,900
5 people$47,070$62,050$99,300
6 people$53,950$66,650$106,650
7 people$60,830$71,250$114,000
8 people$67,710$75,850$121,350

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Alaska cities

See all affordable-rental cities in Alaska

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Fairbanks cost-of-living and Fair Market Rent overview