Rent in Fairbanks, AK
Across Fairbanks's 9 ZIP codes, a 2-bedroom typically rents for about $1,553 a month, with figures from $1,400–$1,592. The highest typical rent is in 99712 ($1,592) and the lowest in 99701 ($1,400). 3 ZIPs have ZIP-level figures from HUD or Census; the other 6 use the county Fair Market Rent. Owner-occupied homes in Fairbanks North Star Borough pay about 1.19% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,081 | $790–$1,081 | 9 |
| 1 bed | $1,187 | $1,046–$1,253 | 9 |
| 2 beds | $1,553 | $1,400–$1,592 | 9 |
| 3 beds | $2,150 | $1,850–$2,150 | 9 |
| 4 beds | $2,596 | $2,596 | 9 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Fairbanks ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Fairbanks, AK?
- About $1,553 a month: the median of the typical rents in 9 ZIP codes, which range from $1,400–$1,592. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Fairbanks, AK?
- About $1,187 a month: the median of the typical rents in 9 ZIP codes, which range from $1,046–$1,253. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Fairbanks, AK?
- About $2,150 a month: the median of the typical rents in 9 ZIP codes, which range from $1,850–$2,150. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Fairbanks, AK?
- About $1,081 a month: the median of the typical rents in 9 ZIP codes, which range from $790–$1,081. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Fairbanks, AK?
- About $2,596 a month: the median of the typical rents in 9 ZIP codes, which range from $2,596. Figures are gross rent (rent plus tenant-paid utilities).
- Which Fairbanks ZIP code has the highest rent?
- For a 2-bedroom, 99712 has the highest typical rent at $1,592 a month, and 99701 the lowest at $1,400.
- What is the property tax rate in Fairbanks, AK?
- Owner-occupied homes in Fairbanks North Star Borough pay a typical 1.19% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Fairbanks rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).