1140 Cousy Lp
AnchorageAK99504
Cheap Apartments for Rent in the South Anchorage Neighborhood of Anchorage, AK from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Anchorage area of Anchorage.
433 E Dowling Rd
AnchorageAK99518
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$1,100 - $2,395Studio to 2 Bedroom Apartments Available Now
Creekside Manor
7545 Foxridge WayAnchorage, AK 99518
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$1,125 - $1,300Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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$1,160 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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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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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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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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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Showing Results 1-30, Page 1 of 1
South Anchorage, Anchorage, AK Local Guide
How much does it cost to rent an apartment in South Anchorage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Anchorage Studio Apartments | $1,259 | $1,100 | $1,380 |
| South Anchorage 1 Bedroom Apartments | $1,669 | $1,075 | $2,917 |
| South Anchorage 2 Bedroom Apartments | $1,963 | $758 | $5,909 |
| South Anchorage 3 Bedroom Apartments | $2,558 | $1,600 | $6,065 |
| South Anchorage 4 Bedroom Apartments | $2,325 | $2,050 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the South Anchorage Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
South Anchorage, Anchorage, AK Local Guide
- Nearby Anchorage neighborhoods
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Cheapest Available South Anchorage Apartments for Rent
The cheapest available apartment rental in the South Anchorage area of Anchorage, AK is a Studio unit found at Castle priced from $1,100. The Outlook Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Castle | Studio X small | Studio,1BA | $1,100 |
| The Outlook Apartments | Studio Apartment | Studio,1BA | $1,120 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| The Village at Calais | 1x1 | 1BR,1BA | $1,185 |
| College View | 1 bedroom | 1BR,1BA | $1,220 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| Rancho Tudor | Studio | Studio,1BA | $1,225 |
| Susitna Ridge | Studio | Studio,1BA | $1,235 |
| Arbor Pointe | One Bedroom | 1BR,1BA | $1,245 |
Best Value Apartments for Rent in South Anchorage, AK
As of December 09, 2025 the best value apartment in the South Anchorage area is the $1.47 price per square foot 7001 Sherwood Ave Model at 7001 Sherwood Ave, Unit 2 in the in the Downtown Anchorage neighborhood starting from $2,200. The second greatest value South Anchorage apartment is the 2 Bed Model at Stephens Park starting at $1,525 with a $1.56 price per square foot in the Downtown Anchorage neighborhood. Here is today’s list of the best values for South Anchorage apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 7001 Sherwood Ave, Unit 2 | 7001 Sherwood Ave | 2BR,1BA | $1.47 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| Downtown Classics | A Lower Left | 2BR,1BA | $1.78 |
| Arctic Sun | 2x1 900 | 2BR,1BA | $1.74 |
| Tudor Park Apartments | 2bedroom Bottom Floor | 2BR,1BA | $1.63 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| 4404 Forrest Rd, Unit 2 | 4404 Forrest Rd | 2BR,1BA | $1.56 |
| The Mallary | 2 Bed | 2BR,1BA | $1.75 |
| Green Tree Apartments | 1 bedroom bottom | 1BR,1BA | $1.73 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
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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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 LifestyleSouth Anchorage, Anchorage, AK
Ranked #42
Among cities in Alaska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in South Anchorage, Anchorage, AK
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Anchorage. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, features that make it easier to raise kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap South Anchorage Apartments
What is a cheap apartment in South Anchorage?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Anchorage is under $1,245.
What is the price of a cheap apartment in South Anchorage?
The cheapest apartment in South Anchorage is The Village at Calais which is listed at $1,185, while the average apartment in South Anchorage costs $2,325.
What types of apartments are the cheapest in South Anchorage?
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 Anchorage that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Anchorage?
Cheap apartments in South Anchorage have an average cost of $581 which is $1,744 cheaper than the average rent for all rentals in South Anchorage.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.