What is the median rent in Fairbanks, AK?

Name: Median rent in Fairbanks, AK, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Fairbanks, AK is $1,496 (±$81) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 6,918 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Fairbanks, the median gross rent went from $1,388 in 2015–2019 to $1,496 in 2020–2024 (+7.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,496 (±$81)
Rented homes: 6,918 (±764)
$2,000 or more: 26.6%
Since 2015–2019: +7.8%

How much rent costs in Fairbanks

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Fairbanks	Fairbanks North Star Borough	Alaska	United States
Less than $500	5.6% (±2.4 points)	3.6%	4.7%	6.3%
$500 to $999	11.7% (±3.2 points)	16.7%	16.5%	20.2%
$1,000 to $1,499	33.1% (±4.7 points)	33.1%	34.4%	28.1%
$1,500 to $1,999	23.0% (±4.8 points)	23.5%	24.4%	21.1%
$2,000 to $2,499	15.9% (±3.4 points)	14.1%	12.0%	12.0%
$2,500 to $2,999	9.4% (±2.7 points)	7.3%	5.6%	5.5%
$3,000 or more	1.3% (±1.0 points)	1.7%	2.4%	6.8%

The most common range is $1,000 to $1,499, paid by 33.1% of renting households.

26.6% of rented homes in Fairbanks cost $2,000 or more a month.

Fairbanks against Fairbanks North Star Borough, its state and the nation

Estimate (90% margin of error)
	Fairbanks	Fairbanks North Star Borough	Alaska	United States
Median gross rent	$1,496 (±$81)	$1,459 (±$45)	$1,419 (±$23)	$1,413
Rented homes paying rent	6,918 (±764)	13,157 (±990)	81,827 (±1,784)	42,849,984

In Fairbanks, median gross rent is not measurably different from Fairbanks North Star Borough ($1,459).

It is not measurably different from Alaska ($1,419).

It is higher than the national figure ($1,413).

In Fairbanks North Star Borough, Fairbanks ranks 3 of 10 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 16 of 129.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Fairbanks has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,388 (±$55)	$1,496 (±$81)	+7.8%	Down after inflation
Households that rent	64.2% (±2.8 points)	60.2% (±3.2 points)	−4.0 percentage points	Not a measurable change
Rental vacancy rate	7.4% (±2.1 points)	9.2% (±3.0 points)	+1.8 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Fairbanks

Nearest places with a published estimate, compared with Fairbanks
Place	Distance	Median gross rent	Compared with this place
Fairbanks	—	$1,496 (±$81)	—
Farmers Loop	5.1 mi	$1,406 (±$355)	Not measurably different
College	5.4 mi	$1,454 (±$118)	Not measurably different
Badger	8.2 mi	$1,629 (±$226)	Not measurably different
Steele Creek	8.8 mi	$1,223 (±$771)	Not measurably different
North Pole	10 mi	$1,304 (±$132)	Lower
Chena Ridge	12 mi	$1,110 (±$202)	Lower
Ester	12 mi	$1,208 (±$365)	Not measurably different
Goldstream	13 mi	$847 (±$18)	Lower

Nearby places with a measurably lower figure: North Pole, AK ($1,304), Chena Ridge, AK ($1,110), Goldstream, AK ($847).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Fairbanks North Star Borough, place by place

Rank	Place	Median gross rent
1	Eielson AFB	$2,103 (±$123)
2	Badger	$1,629 (±$226)
3	Fairbanks	$1,496 (±$81)
4	College	$1,454 (±$118)
5	Farmers Loop	$1,406 (±$355)
6	North Pole	$1,304 (±$132)
7	Steele Creek	$1,223 (±$771)
8	Ester	$1,208 (±$365)
9	Chena Ridge	$1,110 (±$202)

Showing 9 of 10 places in Fairbanks North Star Borough, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Fairbanks

What is the average rent in Fairbanks, AK?

The Census Bureau publishes the median rather than the average: the median gross rent in Fairbanks is $1,496 (±$81) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Fairbanks?

In Fairbanks, the median gross rent went from $1,388 in 2015–2019 to $1,496 in 2020–2024 (+7.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

How many rentals in Fairbanks cost more than $2,000 a month?

26.6% of rented homes in Fairbanks have a gross rent of $2,000 or more a month, and 5.6% cost less than $500.

Is rent in Fairbanks higher than in Fairbanks North Star Borough?

In Fairbanks, median gross rent is not measurably different from Fairbanks North Star Borough ($1,459).

It is not measurably different from Alaska ($1,419).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Fairbanks city, Alaska (place:24230, in state:02).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.