
Cheap Apartments for Rent in the South Addition Neighborhood of Anchorage, AK from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Addition area of Anchorage.


Block 96

City View

Loussac Sogn

Total Monthly Price
222 W 13th Ave

Downtown Classics
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

505 W 2nd Ave

400 W 11th Ave

611 O Pl

1036 M St

210 E 7th Ave

720 M St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Bootleggers Cove Apartments

143-201 W 11th Ave

4 Plex

Knik Arms

118 W 12th Ave

Hohn Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Outlook Apartments

Century Plaza

Mariners View

The Adelaide

1306 W 6th Ave

Kings Court
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Ebb Tide

Hill Point Apartments
South Addition, Anchorage, AK Local Guide

How much does it cost to rent an apartment in South Addition?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Addition Studio Apartments | $1,653 | $700 | $2,175 |
| South Addition 1 Bedroom Apartments | $1,862 | $1,350 | $2,600 |
| South Addition 2 Bedroom Apartments | $2,458 | $1,525 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the South Addition Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
South Addition, Anchorage, AK Local Guide
- Nearby Anchorage neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available South Addition Apartments for Rent
 The cheapest available apartment rental in the South Addition area of Anchorage, AK is a Studio unit found at Loussac Sogn priced from $700. The Adelaide has the second lowest priced unit, which is a Studio apartment currently listed from $1,062. Here are the most affordable South Addition apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loussac Sogn | Studio 1 | Studio,1BA | $700 |
| The Adelaide | Studio | Studio,1BA | $1,062 |
| City View | Studio | Studio,1BA | $1,145 |
| The Alaskan | Studio | Studio,1BA | $1,150 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,330 |
| 221-243 W 13th Avenue | 2BR/1.5BA | 2BR,1BA | $2,100 |
| Baker Apartments | 2BR/1.0BA | 2BR,1BA | $2,600 |
| Park Plaza II | Limestone Furnished | 1BR,1BA | $3,110 |
Best Value Apartments for Rent in South Addition, AK
As of September 05, 2026 the best value apartment in the South Addition area is the $2.10 price per square foot 2BR/1.5BA Model at 221-243 W 13th Avenue in the in the Government Hill neighborhood starting from $2,100. The second greatest value South Addition apartment is the 2BR/1.0BA Model at Baker Apartments starting at $2,600 with a $2.74 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for South Addition apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 221-243 W 13th Avenue | 2BR/1.5BA | 2BR,1.5BA | $2.10 |
| Baker Apartments | 2BR/1.0BA | 2BR,1BA | $2.74 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $2.27 |
| Park Plaza II | Limestone Furnished | 1BR,1BA | $5.65 |
| The Alaskan | Studio | Studio ,1BA | $2.88 |
| City View | Studio | Studio ,1BA | $3.29 |
| The Adelaide | Studio | Studio ,1BA | $4.28 |
| Loussac Sogn | Studio 1 | Studio ,1BA | $3.55 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleSouth Addition, Anchorage, AK
Ranked #22
Among cities in Alaska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
Our team is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Alaska and customized analysis for Central Anchorage, AK. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap South Addition Apartments
What is the Cheapest Studio apartment in South Addition?
Currently the most affordable Cheap Studio Apartment in South Addition is at Loussac Sogn listed at $700.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.