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Living room with large sectional sofa, coffee table, floor lamp, and window view.

Welcome to Terrace on the Lake

Studio - 2 Bedroom Apartments for Rent in Anchorage, AK

Bedroom with closet and window overlooking parking lot.

Spacious Layouts

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

Terrace on the Lake monument sign and apartment buildings

Picture Yourself Here

See what life at our community is all about.

Fitness center with treadmills and an elliptical machine.

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*
Fitness center with treadmills and an elliptical machine.Interior view of an empty apartment living room with plush carpeting, a large window overlooking a balcony, and a white front door.Bedroom with closet and window overlooking parking lot.Interior view of an empty bedroom with a large window and beige carpet.Interior view of an unfurnished apartment living room with a white front door, tiled entryway, and a large window.Kitchen with wood cabinets, white countertops, and a stove.Kitchen with light wood cabinets, white countertops, a sink, a stove, and a refrigerator.Stackable washer and dryer next to kitchen appliances including a microwave and stoveTerrace on the Lake monument sign and apartment buildingsExterior view of an apartment building with parking lot in frontBright bathroom with a white vanity, sink, toilet, and bathtub with a brown shower curtain.Living room with large sectional sofa, coffee table, floor lamp, and window view.

Studio - 2 Bedroom Layouts

Make Yourself at Home

Please select your desired layout below.

Floor plans will be displayed here.

Exterior view of an apartment building with parking lot in front
Fitness center with treadmills and an elliptical machine.
Interior view of an unfurnished apartment living room with a white front door, tiled entryway, 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.