It is believed that the name Álreksstaðir is derived from Ulriken rather than the name Alrekr, the name "Årstad" being an abbreviation of the word Alrekstad. Another theory is that the farm was named after a king Alrek, who may or may not have existed, and who may have ruled over the petty kingdom of Hordariket around year 400. Today, the area where the farm was located (included in, but not limited to, the place now called Årstadvollen) is not a part of the borough of Årstad, but Bergenhus.