The Anchor River is a stream on the Kenai Peninsula in the U.S. state of Alaska. Beginning near Bald Mountain on the eastern side of the lower peninsula, if flows generally west for 30 miles (48 km) into Cook Inlet near Anchor Point on the western side of the peninsula. The river mouth is 14 miles (23 km) northwest of Homer.The middle reaches of the river pass through the Anchor River and Fritz Creek Critical Habitat Area, meant to protect fish and wildlife, especially moose.