close
View Me
$6001 Bedroom Apartments Available Now
612 E 14th Ave
612 E 14th AveAnchorage, AK 99501
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.
close
View Me
$7501 Bedroom Apartment Available Now
2536 Forest Park Dr, Unit Room1-2
2536 Forest Park DrAnchorage, AK 99517
1140 Cousy Lp
AnchorageAK99504
close
View Me
$1,100 - $2,395Studio to 2 Bedroom Apartments Available Now
Creekside Manor
7545 Foxridge WayAnchorage, AK 99518
close
View Me
$1,125 - $1,250Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
close
View Me
$1,160 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
close
View Me
$1,175 - $1,5001 to 2 Bedroom Apartments Available Now
The Mallary
660 W 34th AveAnchorage, AK 99503
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.
close
View Me
1 to 2 Bedroom Apartments
Lumen Park Apartments
2778 Lumen Park DrAnchorage, AK 99507
close
View Me
Studio to 1 Bedroom Apartments
West Midtown Village
1414 W 26th AveAnchorage, AK 99503
close
View Me
Studio Apartments
West Midtown Pointe
1425 W 27th AveAnchorage, AK 99503
close
View Me
Studio to 1 Bedroom Apartments
West Midtown Gardens
1327 W 27th AveAnchorage, AK 99503
close
View Me
1 to 4 Bedroom Apartments
Loussac Place Apartments
2067 Fiddlehead PlAnchorage, AK 99503
close
View Me
1 Bedroom Apartments
West Midtown Place
1023 W 26th AveAnchorage, AK 99503
close
View Me
1 to 2 Bedroom Apartments
Northern Lights Manor
1353 W 27th AveAnchorage, AK 99503
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.
close
View Me
Studio to 1 Bedroom Apartments
Beluga Flats
13496 Old Seward HwyAnchorage, AK 99515
close
View Me
1 to 3 Bedroom Apartments
Casablanca Apartments
4318-4320 Checkmate DrAnchorage, AK 99508
close
View Me
1 Bedroom Apartments
Eureka Street Apartments
3405 Eureka StAnchorage, AK 99503
close
View Me
1 Bedroom Apartments
Smallwood Manor Apartments
3400 Eureka StAnchorage, AK 99503
close
View Me
2 Bedroom Apartments
2805 W 31st Ave
2805 W 31st AveAnchorage, AK 99517
close
View Me
Studio to 1 Bedroom Apartments
Country Lane
810 E 42nd AveAnchorage, AK 99503
close
View Me
1 to 2 Bedroom Apartments
Independence Park Apartments
9641-9731 Vanguard DrAnchorage, AK 99507
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.
close
View Me
1 to 3 Bedroom Apartments
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
close
View Me
Studio to 1 Bedroom Apartments
Cedarwood Apartments
1336 W 23rd AveAnchorage, AK 99503
close
View Me
Studio to 2 Bedroom Apartments
5440 E 26th Ave
5440 E 26th AveAnchorage, AK 99508
close
View Me
Studio to 2 Bedroom Apartments
Castle
915 W 27th AveAnchorage, AK 99503
close
View Me
Studio to 2 Bedroom Apartments
The Outlook Apartments
234 E 15th AveAnchorage, AK 99501
close
View Me
Studio to 1 Bedroom Apartments
Arbor Pointe
1473 W 25th AveAnchorage, AK 99503
close
View Me
Studio to 3 Bedroom Apartments
The Village at Calais
601 W 32nd AveAnchorage, AK 99503
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.
close
View Me
2 Bedroom Apartments
Strawberry Lane
2100-2110 Strawberry RdAnchorage, AK 99502
close
View Me
2 Bedroom Apartments
Diamond Willow Apartments
9700-9702 Sundown CtAnchorage, AK 99515
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 | $1,258 | $1,100 | $1,375 |
| South Anchorage 1 Bedroom Apartments | $1,702 | $600 | $4,478 |
| South Anchorage 2 Bedroom Apartments | $1,991 | $758 | $5,271 |
| South Anchorage 3 Bedroom Apartments | $2,621 | $1,750 | $6,638 |
| South Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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
- Nearby Cities
- ZIP codes
- Local Counties
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 Country Lane priced from $1,025. Castle has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Lane | Studio | Studio,1BA | $1,025 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| Arbor Pointe | Studio | Studio,1BA | $1,130 |
| The Mallary | 1 Bed | 1BR,1BA | $1,175 |
| 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 |
Best Value Apartments for Rent in South Anchorage, AK
As of January 26, 2026 the best value apartment in the South Anchorage area is the $1.38 price per square foot CS - 2 Bedroom Model at Creekside Terrace in the in the Downtown Anchorage neighborhood starting from $1,695. The second greatest value South Anchorage apartment is the 2021 Farmer Pl Model at 2021 Farmer Pl, Unit 3 starting at $1,675 with a $1.68 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. |
|---|---|---|---|
| Creekside Terrace | CS - 2 Bedroom | 2BR,1BA | $1.38 |
| 2021 Farmer Pl, Unit 3 | 2021 Farmer Pl | 2BR,1BA | $1.68 |
| 3309 Oregon Dr, Unit A | 3309 Oregon Dr | 2BR,1BA | $1.67 |
| 12250 Ellen Ave, Unit Apartment 3 | 12250 Ellen Ave | 2BR,1BA | $1.68 |
| Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.66 |
| Hillcrest Apartments | 2 bed bottom floor | 2BR,1BA | $1.54 |
| Green Tree Apartments | 2 bed 2nd floor | 2BR,1BA | $1.65 |
| Arctic Sun | 1x1 825 | 1BR,1BA | $1.68 |
| Nicole Apartments | Flat | 1BR,1BA | $1.74 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
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.
Read Article
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.
Read ArticleCash 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.
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.
Let everyone know!
Do you know the South Anchorage area?
If you’re an expert on all things South Anchorage, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $1,225.
What is the price of a cheap apartment in South Anchorage?
The cheapest apartment in South Anchorage is The Mallary which is listed at $1,175, while the average apartment in South Anchorage costs $2,300.
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 1 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 $1,094 which is $1,206 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
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.
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.