Two Rivers is a census-designated place (CDP) in Fairbanks North Star Borough, Alaska, United States.

Summers are warm and rainy, coupled with cool nights, while winters are severely cold and snowy, with annual snowfall averaging 62 inches (157 cm).

Most Two Rivers residents who are not self-employed work in Fairbanks, North Pole or the area's military installations, Eielson Air Force Base and Fort Wainwright.

Businesses in Two Rivers include one general store, restaurants, a post office, a laundromat and the former HIPAS Observatory, which closed in 2011.

Most people who move to Two Rivers are attracted by the rural nature of the community and the extensive network of trails in the area.

The trail system is popular with dog sled mushers, horseback, snowmachine, motorcycle and ATV riders, hunters, hikers, and others.