Cheap Apartments for Rent in the South Addition Neighborhood of Anchorage, AK from $1,000 (25 Rentals)

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

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Downtown Classics
2 Bedroom Apartments

Downtown Classics

1111 Barrow StAnchorage, AK 99501
Furnished
  • Utilities Included
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505 W 2nd Ave
1 Bedroom Apartments

505 W 2nd Ave

505 W 2nd AveAnchorage, AK 99501
Corporate Housing
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400 W 11th Ave
Studio Apartments

400 W 11th Ave

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

611 O Pl

611 O PlAnchorage, 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.

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1036 M St
1 Bedroom Apartments

1036 M St

1036 M StAnchorage, AK 99501
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210 E 7th Ave
Studio Apartments

210 E 7th Ave

210 E 7th AveAnchorage, AK 99501
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720 M St
1 Bedroom Apartments

720 M St

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

143-201 W 11th Ave

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

4 Plex

627 N StAnchorage, AK 99501

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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Knik Arms
1 to 2 Bedroom Apartments

Knik Arms

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

118 W 12th Ave

118 W 12th AveAnchorage, AK 99501
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Hohn Apartments
1 Bedroom Apartments

Hohn Apartments

843 W 11th AveAnchorage, AK 99501
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City View
Studio to 2 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
Corporate Housing
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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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Century Plaza
Studio to 2 Bedroom Apartments

Century Plaza

124 E 3rd 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.

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Horizon West
1 to 2 Bedroom Apartments

Horizon West

540 L StAnchorage, AK 99501
  • Utilities Included
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Mariners View
2 Bedroom Apartments

Mariners View

726 O PlAnchorage, AK 99501
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1306 W 6th Ave
Studio to 2 Bedroom Apartments

1306 W 6th Ave

1306 W 6th AveAnchorage, AK 99501
  • Utilities Included
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The Adelaide
Studio to 1 Bedroom Apartments

The Adelaide

201 E 9th AveAnchorage, AK 99501
  • Utilities Included
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Kings Court
1 to 2 Bedroom Apartments

Kings Court

303 E 15th AveAnchorage, AK 99501
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Ebb Tide
Studio Apartments

Ebb Tide

716-724 O StAnchorage, AK 99501

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.

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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 1 Bed unit found at Park Plaza priced from $1,230. City View has the second lowest priced unit, which is a Studio apartment currently listed from $1,285. Here are the most affordable South Addition apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Park PlazaOne Bedroom1BR,1BA$1,230
City ViewStudioStudio,1BA$1,285
Century PlazaStudioStudio,1BA$1,350
The Outlook Apartments2 Bedroom Apartment2BR,1BA$1,440
The AlaskanTwo Bedroom2BR,1BA$1,680

Best Value Apartments for Rent in South Addition, AK

As of March 07, 2026 the best value apartment in the South Addition area is the $2.24 price per square foot Two Bedroom Model at The Alaskan in the in the Government Hill neighborhood starting from $1,680. The second greatest value South Addition apartment is the 2 Bedroom Apartment Model at The Outlook Apartments starting at $1,440 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The AlaskanTwo Bedroom2BR,1BA$2.24
The Outlook Apartments2 Bedroom Apartment2BR,1BA$2.00
Park PlazaOne Bedroom1BR,1BA$2.01
Park Plaza IILimestone1BR,1BA$3.45
Block 96Studio 18 - Outside Lot ParkingStudio ,1BA$3.52
Century PlazaStudioStudio ,1BA$3.55
City ViewStudioStudio ,1BA$3.69

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.

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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.

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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.

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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.

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Pet Friendly Lifestyle
South Addition, Anchorage, AK

Ranked #14

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.