Renting · Section 8
Data from November 2026
Renting in Matanuska-Susitna Borough, Alaska
Matanuska-Susitna Borough has a HUD fair market rent of $1,293 a month for 2 bedrooms (Fiscal year 2027). Renter households here pay a typical rent of $1,299 a month (Average 2020–2024). Paying the fair market rent without going over 30% of income takes $24.87 an hour, full time.
Four numbers to start with
- Fair market rent, 2 bedrooms
- $1,293
- a month, HUD, Fiscal year 2027
- 15% less than in Alaska
- Typical rent
- $1,299
- a month, Census, Average 2020–2024
- 8% less than in Alaska
- Wage needed
- $24.87
- an hour, 2 bedrooms
- Or $51,720 a year, to spend no more than 30% of income on rent.
- Rent-burdened households
- 53%
- spend 30% or more of income on rent
- 18% more than in Alaska
Only here
Renting in Matanuska-Susitna Borough: what sets it apart
What this place has that others do not, from public data, most unusual first.
-
At 77%, Matanuska-Susitna Borough ranks 2nd among the 30 boroughs in Alaska for the highest homeownership rate.
-
Nearby, in Denali Borough, the typical rent is $825: 36% less than in Matanuska-Susitna Borough ($1,299).
-
Matanuska-Susitna Borough has the 2nd largest share of rent-burdened renters of the 25 boroughs in Alaska with this figure (53%).
Sources: U.S. Census Bureau (Average 2020–2024).
Fair market rent
What HUD sets for each size
Every year HUD (the U.S. Department of Housing and Urban Development) publishes a Fair Market Rent (FMR) for each home size in Matanuska-Susitna Borough. It is used to work out how much a Section 8 voucher covers. The table shows what you need to earn to pay it without spending more than 30% of income.
The fair market rent covers rent plus basic utilities, except the phone. HUD generally sets it at the 40th percentile: 4 in 10 standard-quality homes rented recently cost less. 24 CFR §888.113(a)
According to Zillow (ZORI), the typical asking rent in Matanuska-Susitna Borough was $1,866 a month in September 2026: 3.8% more than 12 months ago. It is an index of market listings, not a HUD limit. Zillow data
| Size | Fair rent per month | Hourly wage | Income needed per year |
|---|---|---|---|
| Studio | $929 | $17.87 | $37,160 |
| 1 bedroom | $988 | $19.00 | $39,520 |
| 2 bedrooms | $1,293 | $24.87 | $51,720 |
| 3 bedrooms | $1,790 | $34.42 | $71,600 |
| 4 bedrooms | $2,161 | $41.56 | $86,440 |
HUD area: Matanuska-Susitna Borough, AK HUD Metro FMR Area. Source: HUD, Fiscal year 2027
By ZIP code
The fair market rent for your ZIP code
HUD also publishes fair market rents by ZIP code (Small Area FMRs) for 12 ZIP codes in Matanuska-Susitna Borough (Fiscal year 2027). Type yours to see it.
For 2 bedrooms they run from $1,240 in 99652 to $1,510 in 99623. 4 ZIP codes are above the county's fair market rent ($1,293).
Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses. 24 CFR §982.503(a)(1)
| 99623 | Matanuska-Susitna Borough, AK | $1,080 | $1,150 | $1,510 | $2,090 | $2,520 |
|---|---|---|---|---|---|---|
| 99645 | Matanuska-Susitna Borough, AK | $1,010 | $1,070 | $1,400 | $1,940 | $2,340 |
| 99652 | Matanuska-Susitna Borough, AK | $920 | $950 | $1,240 | $1,730 | $2,080 |
| 99654 | Matanuska-Susitna Borough, AK | $920 | $960 | $1,260 | $1,740 | $2,110 |
| 99667 | Matanuska-Susitna Borough, AK | $930 | $990 | $1,290 | $1,790 | $2,160 |
| 99674 | Matanuska-Susitna Borough, AK | $920 | $980 | $1,240 | $1,730 | $2,080 |
| 99676 | Matanuska-Susitna Borough, AK | $1,060 | $1,120 | $1,470 | $2,040 | $2,460 |
| 99683 | Matanuska-Susitna Borough, AK | $950 | $1,000 | $1,310 | $1,820 | $2,200 |
| 99688 | Matanuska-Susitna Borough, AK | $920 | $950 | $1,240 | $1,730 | $2,080 |
| 99694 | Matanuska-Susitna Borough, AK | $920 | $950 | $1,240 | $1,730 | $2,080 |
| 99729 | Denali Borough, AK | $920 | $980 | $1,240 | $1,730 | $2,080 |
| 99729 | Matanuska-Susitna Borough, AK | $920 | $980 | $1,240 | $1,730 | $2,080 |
- 99623 · Matanuska-Susitna Borough, AK $1,510$2,090
- 99645 · Matanuska-Susitna Borough, AK $1,400$1,940
- 99652 · Matanuska-Susitna Borough, AK $1,240$1,730
- 99654 · Matanuska-Susitna Borough, AK $1,260$1,740
- 99667 · Matanuska-Susitna Borough, AK $1,290$1,790
- 99674 · Matanuska-Susitna Borough, AK $1,240$1,730
- 99676 · Matanuska-Susitna Borough, AK $1,470$2,040
- 99683 · Matanuska-Susitna Borough, AK $1,310$1,820
- 99688 · Matanuska-Susitna Borough, AK $1,240$1,730
- 99694 · Matanuska-Susitna Borough, AK $1,240$1,730
- 99729 · Denali Borough, AK $1,240$1,730
- 99729 · Matanuska-Susitna Borough, AK $1,240$1,730
Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site)
Rent burden
How many households spend too much
HUD counts rent as a burden when it reaches 30% of income or more. In Matanuska-Susitna Borough, 53% of renter households are in that position; in Alaska, 45%, and nationwide, 51% (Average 2020–2024, Census).
Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.
53%
of renter households spend 30% or more of their income on rent.
9,077 households rent in Matanuska-Susitna Borough
- Spend half or more of their income 22%
- Spend 30% or more, but less than half 30%
- Spend less than 30% 47%
Compared with the state and the country
- Matanuska-Susitna 53%
- Alaska 45%
- United States 51%
Low-income apartments
Low-income apartments in Matanuska-Susitna Borough
HUD lists 34 properties with homes for low-income households in Matanuska-Susitna Borough: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest.
- with tax credits (LIHTC)
- 21
- HUD-assisted
- 12
- public housing
- 1
855 homes in all; 521 of them low-income, according to HUD.
- Creekwood Apts Tax credit (LIHTC) 1910 N Creekwood Park Cir, Palmer 99645 48 low-income homes · 1 bd: 12 · 2 bd: 24 · 3 bd: 12 · In service since 2006 · For people with disabilities, people experiencing homelessness
- Ridgecrest Tax credit (LIHTC) 199 E Kalli Cir, Wasilla 99654 40 low-income homes · 1 bd: 8 · 2 bd: 16 · 3 bd: 13 · 4 bd: 3 · In service since 2002
- Yenlo Square Tax credit (LIHTC) 402 N Yenlo St, Wasilla 99654 34 low-income homes · 1 bd: 27 · 2 bd: 7 · In service since 2008 · For people with disabilities, families, people experiencing homelessness
- Eagle Ridge of Palmer Tax credit (LIHTC) 1775 N Thuma St, Palmer 99645 33 homes, 32 low-income · 2 bd: 16 · 3 bd: 17 · In service since 2007 · For families
- Birches I Tax credit (LIHTC) 251 E Kalli Cir, Wasilla 99654 32 low-income homes · 1 bd: 23 · 2 bd: 9 · In service since 2002
- Wasilla Public housing 1201 S Century Cir, Wasilla 99654 32 low-income homes · Run by Alaska Housing Finance Corporation · Average payment: $499 a month · (907) 330-8432
- Chinook Villa Tax credit (LIHTC) 1200 S Century Cir, Wasilla 99654 32 homes, 31 low-income · 1 bd: 32 · In service since 1993
- Chugach Colony Estates Tax credit (LIHTC) 1102 S Chugach St, Palmer 99645 31 homes, 28 low-income · 1 bd: 25 · 2 bd: 6 · In service since 2008 · For older adults
- Birches II Tax credit (LIHTC) 240 E Kalli Cir, Wasilla 99654 28 low-income homes · 1 bd: 18 · 2 bd: 10 · In service since 2007 · For older adults
- Fireweed Housing Development HUD-assisted 1075 S Check St, Wasilla 99654 25 homes, 24 low-income · For people with disabilities · (907) 357-0322
- Forest Hills I Tax credit (LIHTC) 1001 N Lucille St, Wasilla 99654 24 low-income homes · 2 bd: 14 · 3 bd: 10 · In service since 2002
- Susitna Place Apts Tax credit (LIHTC) 1310 S Century Cir, Wasilla 99654 24 low-income homes · 1 bd: 24 · In service since 1998
- Colony Estates Tax credit (LIHTC) 831 S Chugach St, Palmer 99645 24 homes, 20 low-income · 1 bd: 22 · 2 bd: 2 · In service since 1998 · For older adults
- Daybreak Apartments HUD-assisted 2080 N Hemmer Rd, Palmer 99645 20 homes, 19 low-income · For people with disabilities · (907) 745-6019
- Eagles Nest Senior Housing Tax credit (LIHTC) 110 E Frank Smith Way, Wasilla 99654 26 homes, 17 low-income · 1 bd: 3 · 2 bd: 23 · In service since 2003 · For older adults
- Knik Manor Tax credit (LIHTC) 1351 S Century Cir, Wasilla 99654 22 homes, 17 low-income · 1 bd: 13 · 2 bd: 9 · In service since 2004 · For older adults
- Raven Tree Court Tax credit (LIHTC) 1310 S Century Cir, Wasilla 99654 26 homes, 11 low-income · 2 bd: 26 · In service since 2001
- Winter Rose HUD-assisted 1075 S Check St, Wasilla 99654 40 homes, 10 low-income · (907) 357-0469
- Aspen Pines HUD-assisted 413 E Aspen Ave, Wasilla 99654 30 homes, 10 low-income · (907) 357-0469
- Deneki House HUD-assisted 222 E Danna Ave, Wasilla 99654 8 homes, 7 low-income · For people with disabilities · (907) 357-0256
- Bridgeway Community Housing HUD-assisted 5780 West Parks Highway, Wasilla 99654 6 low-income homes · (907) 357-0469
- Old Mat Road Phase 1 HUD-assisted 3700 E Old Matanuska Rd, Wasilla 99654 22 homes, 5 low-income · (907) 357-0256
- Cranberry Ridge HUD-assisted 11881 W Mid Valley Way, Houston 99623 5 low-income homes · For older adults · (907) 892-8998
- Mid-Valley Manor HUD-assisted 11913 W Mid Valley Way, Houston 99623 5 low-income homes · For older adults · (907) 892-8998
- Palmer Manor HUD-assisted 327 E Auklet Ave, Palmer 99645 5 homes, 4 low-income · For older adults · (907) 745-2110
- Sutton Annex HUD-assisted 15838 N Glenn Hwy, Sutton 99674 5 homes, 4 low-income · For older adults · (907) 745-1372
- Sutton Manor HUD-assisted 15816 N Glenn Hwy, Sutton 99674 5 homes, 4 low-income · For older adults · (907) 745-1372
- Vista Rose Phase I Tax credit (LIHTC) 1250 N Lucille St, Wasilla 99654 44 homes
- Yenlo Phase I and II Tax credit (LIHTC) 402 N Yenlo St, Wasilla 99654 37 homes
- Vista Rose Phase II Tax credit (LIHTC) 1240 N Lucille St, Wasilla 99654 36 homes
- Eagle Ridge Townhomes Tax credit (LIHTC) 1775 N Thuma St, Palmer 99645 33 homes
- Hunter Creek Apts. of Palmer, LP Tax credit (LIHTC) 855 W Fern Ave, Palmer 99645 32 homes · In service since 2002
- Willow Pointe Apts Tax credit (LIHTC) 925 S Chugach St, Palmer 99645 24 homes · In service since 1994
- Forest Hills Phase II Tax credit (LIHTC) 1011 N Lucille St, Wasilla 99654 17 homes · 2 bd: 10 · 3 bd: 7 · In service since 2003 · For older adults, people with disabilities, families, people experiencing homelessness
Source: HUD, retrieved November 6, 2026. LIHTC database, updated May 14, 2025; Assisted multifamily properties, updated October 23, 2026; Public housing developments, updated October 23, 2026.
Section 8
The Section 8 voucher in Matanuska-Susitna Borough
The Housing Choice Voucher (Section 8) pays part of your rent on a home you choose. A public housing agency runs it. HUD lists none with an office in Matanuska-Susitna Borough; the state's agencies can help you. Here is what the rules say:
The rules, with their source
-
You apply at the public housing agency. If you qualify, your name usually goes on a waiting list. Applicants must be U.S. citizens or noncitizens with eligible status as HUD defines it. Source: HUD
-
Generally, your family must have very low income: no more than 50% of the area median income, by family size (the middle column of the table). Source: 24 CFR §5.603, §982.201(b)
-
Each year, at least 75% of the families an agency admits from its list must have extremely low income (the 30% column). Source: 24 CFR §982.201(b)(2)
-
If the rent is below the payment standard, the family generally pays 30% of its adjusted monthly income. If it is above, the family pays more. Source: 24 CFR §982.1(a)(3)
-
When you move in, if the rent is above the payment standard, your share cannot go over 40% of your adjusted monthly income. Source: 24 CFR §982.508
-
Each agency sets a payment standard for each size. Without asking HUD, it can go from 90% to 110% of the fair market rent. Source: 24 CFR §982.503(b), (c)
| People | Extremely low (30%) | Very low (50%) | Low |
|---|---|---|---|
| 1 person | $25,100 | $41,800 | $66,850 |
| 2 people | $28,650 | $47,750 | $76,400 |
| 3 people | $34,150 | $53,700 | $85,950 |
| 4 people | $41,250 | $59,650 | $95,450 |
| 5 people | $48,350 | $64,450 | $103,100 |
| 6 people | $55,450 | $69,200 | $110,750 |
| 7 people | $62,550 | $74,000 | $118,400 |
| 8 people | $69,650 | $78,750 | $126,000 |
Area median income: $119,300. HUD income limits by family size, Fiscal year 2026. Area: Matanuska-Susitna Borough, AK HUD Metro FMR Area. Source: HUD, Fiscal year 2026
Possible payment standard
- Studio $836 – $1,022
- 1 bedroom $889 – $1,087
- 2 bedrooms $1,164 – $1,422
- 3 bedrooms $1,611 – $1,969
- 4 bedrooms $1,945 – $2,377
The range the rule allows: 90% to 110% of the county's fair market rent. Your agency publishes its own.
Housing agencies that serve this place
HUD lists no housing agency with an office in Matanuska-Susitna Borough. You can apply at another agency in your state: you do not have to live where you apply. Source: HUD
Your rights as a tenant in Alaska
What Alaska law says about deposits, notices and eviction, with the citation for each rule.
See your rights, rule by ruleCompare these rules with other states →
A summary of state law, not legal advice. Cities may have additional rules.
- When must they return my deposit?
- 14 or 30 days, depending on the case
- Alaska Stat. §34.03.070(g)
- If I fall behind on rent, what notice must I get?
- 7 days
- Alaska Stat. §34.03.220(b)
- How much notice ends a month-to-month rental?
- 30 days
- Alaska Stat. §34.03.290(a)-(b)
- Only a court order can remove youAlaska Stat. §34.03.280
Help
Where to get help with rent in Matanuska-Susitna Borough
HUD lists no counseling agencies near in Matanuska-Susitna Borough. Free legal aid and your housing agency can guide you.
Tool
How much cash do you need to move in?
It starts with the 2-bedroom fair market rent in Matanuska-Susitna Borough. Change the rent, the deposit and the fees to yours: the numbers stay in your browser.
Count power on top of the rent: in Alaska, the average home bill was $144 a month in 2024 (EIA). See electricity and gas costs
Your move
We use the place's fair market rent and the state's deposit rule.
Adjust advanced details
Let's do the math
Cash to move in
$2,586
What you need before you get the keys.
What adds up
- First month
- $1,293
- Security deposit
- $1,293
- Total
- $2,586
When you'll have it
Enter what you can set aside each month to see how long it takes.
What helps
- Ask for a receipt for every payment and keep a copy of the lease.
- On move-in day, walk through the home and take dated photos.
- Never send money for a home you haven't seen or a lease you haven't read.
This is a planning estimate, not a price. What you are asked for depends on the landlord, your lease and your state's and city's rules. It is not legal advice.
Frequently asked questions
What is the fair market rent in Matanuska-Susitna Borough?
According to HUD (Fiscal year 2027): Studio: $929; 1 bedroom: $988; 2 bedrooms: $1,293; 3 bedrooms: $1,790; 4 bedrooms: $2,161. It covers rent plus basic utilities, except the phone.
How much do you need to earn to rent in Matanuska-Susitna Borough?
Paying the 2-bedroom fair market rent ($1,293) without spending more than 30% of income takes $24.87 an hour full time, or $51,720 a year.
Who qualifies for Section 8 in Matanuska-Susitna Borough?
Generally, families with very low income: no more than 50% of the area median income. For 4 people, HUD's limit here is $59,650 a year (Fiscal year 2026). The family usually pays 30% of its adjusted monthly income. You apply at the housing agency.
How much does Section 8 pay in Matanuska-Susitna Borough?
The voucher pays up to your housing agency's payment standard, minus your share. The rule lets the agency set it between 90% and 110% of the fair market rent: for 2 bedrooms here, between $1,164 and $1,422 a month. Your agency publishes its figure.
Does the fair market rent change by ZIP code in Matanuska-Susitna Borough?
For 2 bedrooms they run from $1,240 in 99652 to $1,510 in 99623. Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses.
How many low-income apartments are there in Matanuska-Susitna Borough?
HUD lists 34 properties with homes for low-income households in Matanuska-Susitna Borough: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest. For tax-credit apartments and HUD-assisted buildings, you apply directly at the building's management office. They tell you whether units are open and how to apply; HUD does not have that information.
How many households spend too much on rent in Matanuska-Susitna Borough?
HUD counts rent as a burden when it reaches 30% of income or more. In Matanuska-Susitna Borough, 53% of renter households are in that position; in Alaska, 45%, and nationwide, 51% (Average 2020–2024, Census).