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Cheap Apartments for Rent in the South Addition Neighborhood of Anchorage, AK from $700 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Addition area of Anchorage.
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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.
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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.
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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 | $1,492 | $700 | $2,025 |
| South Addition 1 Bedroom Apartments | $1,460 | $1,225 | $2,450 |
| South Addition 2 Bedroom Apartments | $1,781 | $1,425 | $2,850 |
| South Addition 3 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
| South Addition 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the South Addition Neighborhood of Anchorage, AK.
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South Addition, Anchorage, AK Local Guide
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Best Value Apartments for Rent in South Addition, AK
As of June 14, 2025 the best value apartment in the South Addition area is the $2.85 price per square foot 125 Christensen Dr Model at 125 Christensen Dr, Unit 125 in the in the Government Hill neighborhood starting from $2,850. The second greatest value South Addition apartment is the 101 Christensen Dr Model at 101 Christensen Dr, Unit Downtown Anchorage starting at $2,000 with a $2.00 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. |
|---|---|---|---|
| 125 Christensen Dr, Unit 125 | 125 Christensen Dr | 2BR,1BA | $2.85 |
| 101 Christensen Dr, Unit Downtown Anchorage | 101 Christensen Dr | 2BR,1BA | $2.00 |
| Tudor Park Apartments | 1 bed Bottom | 1BR,1BA | $1.63 |
| The Outlook Apartments | 1 Bedroom with Den | 1BR,1BA | $1.91 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1.70 |
| Taiga | One Bedroom | 1BR,1BA | $2.01 |
| McKinley Tower Apartments | NE Corner - high floor! | 1BR,1BA | $1.92 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
| Century Plaza | 1x1 | 1BR,1BA | $2.68 |
| The Club at Eagle Point | Eagles Nest | 1BR,1BA | $2.74 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouth Addition, Anchorage, AK
Ranked #30
Among neighborhoods in Anchorage, AK for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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!
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Addition Apartments
What is a cheap apartment in South Addition?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Addition is under $1,375.
What is the price of a cheap apartment in South Addition?
The cheapest apartment in South Addition is Kings Court which is listed at $1,190, while the average apartment in South Addition costs $2,050.
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 4 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.