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Exterior of a three-story apartment building with gray siding, white trim, and exterior staircases.

Welcome to Terrace on the Lake

Studio - 2 Bedroom Apartments for Rent in Anchorage, AK

Interior view of an empty apartment living room with a white door and a large window.

Spacious Layouts

Choose from our spacious Studio, 1 & 2 bedroom floor plans.

Terrace on the Lake apartment complex signage and building exterior.

Picture Yourself Here

See what life at our community is all about.

Kitchen with light wood cabinets, white countertops, a double sink, refrigerator, stove, and microwave.

Convenience All Around

Life is easier at our community.

Discover apartments for rent in Anchorage, AK, where nature meets city, and you gain true flexibility.

Welcome Home to Anchorage Comfort

Step into the ease of life at Terrace on the Lake, where your everyday feels less like a routine and more like an adventure. Here, the Spenard neighborhood brings the energy of Anchorage to your doorstep, with Lake Spenard, Anchorage International Airport, and the vibrant Rec Center close by. Whether working from home or exploring town, you'll find in-home comforts and a welcoming pet-friendly community to match your style. Spend less time worrying about chores and more time enjoying local eats, trails, and tranquil evenings at home.

  • Fireplace*
  • In-home Washer/Dryer
  • Ceiling Fans*
  • Dishwasher
  • Garbage Disposal*
Living room with a sectional couch and coffee table.Kitchen with wood cabinets, white appliances, and checkered floor.Bedroom with a queen-size bed, nightstands, a ceiling fan, and a large window.Bathroom with a sink, toilet, and bathtub with shower curtain.Treadmills and elliptical in a fitness center.Exterior of a three-story apartment building with gray siding, white trim, and exterior staircases.Terrace on the Lake apartment complex signage and building exterior.

Studio - 2 Bedroom Layouts

Make Yourself at Home

Please select your desired layout below.

Floor plans will be displayed here.

Exterior of a three-story apartment building with gray siding, white trim, and exterior staircases.
Empty bedroom with carpet, a ceiling fan, and a large window.
Bedroom with a queen-size bed, nightstands, a ceiling fan, and a large window.

Enjoy Anchorage's mix of serene lakeside moments and lively city connections from your home at Terrace on the Lake.

Live Spenard - Anchorage's Living Room

Located a short stroll from Lake Spenard and steps from Anchorage International Airport, Terrace on the Lake places you in the heart of Spenard's thriving scene. You'll love being close to local restaurants, coffee shops, and the Spenard Community Rec Center. Easily head out for weekend strolls along the water or spontaneous shopping trips. The city's best recreation and activities are just outside your door, making home feel like your own Anchorage retreat.

What Residents Say About Terrace on the Lake

Hear from the people who call Terrace on the Lake home.

“Agustin Salas came by to fix our thermostat, he was quick and professional, when the replacement thermostat had a defect he went out of his way to Home Depot to get a new thermostat and immediately came back to finish the job.”

Eric Vredenburgh

2025-12-19

“The main maintenance man is an experienced hand. He understands the job scope , hard-working, dedicated, and committed to his craft. Agustin Salas call on him but be respectful enough to show love and kindness. God Bless 🤙🏾🤙🏾🤙🏾#HAMMAH 🔨🔨🔨🔨”

Kise Afuola

2025-10-29

“Great place to stay! The office team is super nice and helpful. There's a washer and dryer in the apartment, with quick easy access to both downtown and the airport! Bonus of waking up to the sunrise over the mountains! Disclaimer - I am an employee of Weidner who lives on sight.”

Ryan Mueller

2025-03-06