Cheap Apartments for Rent in the South Addition Neighborhood of Anchorage, AK from $700 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the South Addition area of Anchorage.

close
View Me
Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd AveAnchorage, AK 99501

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

close
View Me
City View
Studio to 2 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
close
View Me
Horizon West
1 to 2 Bedroom Apartments

Horizon West

540 L StAnchorage, AK 99501
  • Utilities Included
close
View Me
Downtown Classics
2 Bedroom Apartments

Downtown Classics

1111 Barrow StAnchorage, AK 99501
Furnished
  • Utilities Included
  • Smoke Free
close
View Me
Mariners View
2 Bedroom Apartments

Mariners View

726 O PlAnchorage, AK 99501
  • Utilities Included
close
View Me
The Adelaide
Studio to 1 Bedroom Apartments

The Adelaide

201 E 9th AveAnchorage, AK 99501
  • Utilities Included
close
View Me
505 W 2nd Ave
1 Bedroom Apartments

505 W 2nd Ave

505 W 2nd AveAnchorage, AK 99501
Corporate Housing
  • Smoke Free

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

close
View Me
400 W 11th Ave
Studio Apartments

400 W 11th Ave

400 W 11th AveAnchorage, AK 99501
close
View Me
611 O Pl
1 Bedroom Apartments

611 O Pl

611 O PlAnchorage, AK 99501
close
View Me
1036 M St
1 Bedroom Apartments

1036 M St

1036 M StAnchorage, AK 99501
close
View Me
1306 W 6th Ave
Studio to 2 Bedroom Apartments

1306 W 6th Ave

1306 W 6th AveAnchorage, AK 99501
  • Utilities Included
close
View Me
210 E 7th Ave
Studio Apartments

210 E 7th Ave

210 E 7th AveAnchorage, AK 99501
close
View Me
Kings Court
1 to 2 Bedroom Apartments

Kings Court

303 E 15th AveAnchorage, AK 99501

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

close
View Me
Hohn Apartments
1 Bedroom Apartments

Hohn Apartments

843 W 11th AveAnchorage, AK 99501
close
View Me
720 M St
1 Bedroom Apartments

720 M St

720 M StAnchorage, AK 99501
close
View Me
143-201 W 11th Ave
1 to 2 Bedroom Apartments

143-201 W 11th Ave

143-201 W 11th AveAnchorage, AK 99501
close
View Me
4 Plex
Studio Apartments

4 Plex

627 N StAnchorage, AK 99501
close
View Me
Knik Arms
1 to 2 Bedroom Apartments

Knik Arms

1110 W 6th AveAnchorage, AK 99501
close
View Me
118 W 12th Ave
1 Bedroom Apartments

118 W 12th Ave

118 W 12th AveAnchorage, AK 99501

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
Ebb Tide
Studio Apartments

Ebb Tide

716-724 O StAnchorage, AK 99501
close
View Me
Hill Point Apartments
1 to 3 Bedroom Apartments

Hill Point Apartments

315 Barrow StAnchorage, AK 99501
  • Utilities Included

South Addition, Anchorage, AK Local Guide

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 $917. Here are the most affordable South Addition apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
The AdelaideStudioStudio,1BA$917
Park PlazaOne Bedroom1BR,1BA$1,230
Century PlazaStudioStudio,1BA$1,350
City View1x11BR,1BA$1,445
The Outlook Apartments2 Bedroom Apartment2BR,1BA$1,555
Park Plaza IIRhondonightStudio,1BA$1,660
Mariners View2B/2B2BR,2BA$2,000

Best Value Apartments for Rent in South Addition, AK

As of October 25, 2025 the best value apartment in the South Addition area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value South Addition apartment is the 222 W 13th Ave Model at 222 W 13th Ave, Unit 3 starting at $2,395 with a $2.40 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.41
222 W 13th Ave, Unit 3222 W 13th Ave2BR,1BA$2.40
The Outlook Apartments2 Bedroom Apartment2BR,1BA$2.16
1521 G St, Unit C1521 G St1BR,1BA$2.23
Park PlazaOne Bedroom1BR,1BA$2.01
City View1x11BR,1BA$2.64
Park Plaza IIRhondonightStudio ,1BA$3.91
Century PlazaStudioStudio ,1BA$3.55
The AdelaideStudioStudio ,1BA$3.70
Loussac SognStudio 1Studio ,1BA$3.55

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Addition, Anchorage, AK

Ranked #20

Among cities in Alaska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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!

Getting Around the South Addition Neighborhood in Anchorage, AK

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

49 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap South Addition Apartments

What types of apartments are the cheapest in South Addition?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in South Addition that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.