
Cheap Apartments for Rent in the South Addition Neighborhood of Anchorage, AK from $700 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Addition area of Anchorage.


Loussac Sogn

Downtown Classics

505 W 2nd Ave

400 W 11th Ave

611 O Pl

1036 M St

210 E 7th Ave

Hohn Apartments
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.

720 M St

4 Plex

Knik Arms

118 W 12th Ave

143-201 W 11th Ave

Bootleggers Cove Apartments

310 E 9th Ave

BoardWalk

812-818 K St
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.

Park West

705 N St

717 O St

535 N St

1236 W 5th Ave

641-643 O Pl

926 W 11th Ave

1135 W 8th Ave

609 N St
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.

230 W 10th Ave

237 E 3rd Ave

635 W 9th Ave

1401 Cordova St

227 W 11th Ave

735 K St

301 E 15th Ter

101 E 9th Ave

The Outlook Apartments
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.

City View

Century Plaza

Horizon West

Mariners View

1306 W 6th Ave

The Adelaide

Kings Court

Hill Point Apartments

Ebb Tide
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Elizabeth Place

Loussac Building

835 D St

Parkview 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 | $1,732 | $700 | $2,025 |
| South Addition 1 Bedroom Apartments | $2,868 | $2,450 | $3,925 |
| South Addition 2 Bedroom Apartments | $3,613 | $2,831 | $4,512 |
Browse Apartments in this Neighborhood
There are currently 49 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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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. Park Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. 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 |
| Park Plaza | One Bedroom | 1BR,1BA | $1,250 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,345 |
| Century Plaza | Studio | Studio,1BA | $1,380 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1,395 |
| The Alaskan | Two Bedroom | 2BR,1BA | $1,680 |
| Block 96 | Studio 18 - Outside Lot Parking | Studio,1BA | $1,875 |
Best Value Apartments for Rent in South Addition, AK
As of April 21, 2026 the best value apartment in the South Addition area is the $1.66 price per square foot Two Bedroom One Bath Model at Kings Court in the in the Government Hill neighborhood starting from $1,498. The second greatest value South Addition apartment is the Two Bedroom Model at The Alaskan starting at $1,680 with a $2.24 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. |
|---|---|---|---|
| Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.66 |
| The Alaskan | Two Bedroom | 2BR,1BA | $2.24 |
| Park Plaza | One Bedroom | 1BR,1BA | $2.05 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $2.30 |
| Block 96 | Studio 18 - Outside Lot Parking | Studio ,1BA | $3.52 |
| Century Plaza | Studio | Studio ,1BA | $3.63 |
| Loussac Sogn | Studio 1 | Studio ,1BA | $3.55 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 #13
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!
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.