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Arctic Gardens
7211 Meadow StAnchorage, AK 99507
Cheap Apartments for Rent in the South Anchorage Neighborhood of Anchorage, AK from $600 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Anchorage area of Anchorage.
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from $1,099Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
3901 Northwood Dr
AnchorageAK99517
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433 E Dowling Rd
AnchorageAK99518
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Showing Results 1-22, 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 | $1,203 | $1,099 | $1,365 |
| South Anchorage 1 Bedroom Apartments | $1,521 | $1,075 | $2,687 |
| South Anchorage 2 Bedroom Apartments | $1,758 | $1,250 | $3,200 |
| South Anchorage 3 Bedroom Apartments | $2,037 | $1,595 | $2,850 |
| South Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the South Anchorage Neighborhood of Anchorage, AK.
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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 College View priced from $1,099. Castle has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College View | Studio | Studio,1BA | $1,099 |
| Castle | Studio small | Studio,1BA | $1,125 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1,190 |
| City View | Studio | Studio,1BA | $1,195 |
| The Greenbriar | Studio | Studio,1BA | $1,225 |
Best Value Apartments for Rent in South Anchorage, AK
As of June 26, 2025 the best value apartment in the South Anchorage area is the $1.71 price per square foot 8531 Golden St Model at 8531 Golden St, Unit Apt 3 in the in the Sand Lake neighborhood starting from $2,225. The second greatest value South Anchorage apartment is the 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 starting at $1,595 with a $1.33 price per square foot in the Spenard 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. |
|---|---|---|---|
| 8531 Golden St, Unit Apt 3 | 8531 Golden St | 3BR,2BA | $1.71 |
| 1410 W 27th Ave, Unit 3 | 1410 W 27th Ave | 3BR,1BA | $1.33 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.59 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Northwind Apartments | 1 bedroom / 1st floor | 1BR,1BA | $1.72 |
| Kings Court | One Bedroom One Bath | 1BR,1BA | $1.70 |
| Taiga | One Bedroom | 1BR,1BA | $2.04 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1.83 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouth Anchorage, Anchorage, AK
Ranked #38
Among neighborhoods in Anchorage, AK 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 $1,265.
What is the price of a cheap apartment in South Anchorage?
The cheapest apartment in South Anchorage is Kings Court which is listed at $1,190, while the average apartment in South Anchorage costs $2,050.
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 3 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 $1,125 which is $925 cheaper than the average rent for all rentals in South Anchorage.
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.