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Cheap Apartments for Rent in the South Anchorage Neighborhood of Anchorage, AK from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Anchorage area of Anchorage.
1140 Cousy Lp
AnchorageAK99504
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$1,075 - $1,8001 to 3 Bedroom Apartments Contact Us For Availability
Arctic Gardens
7211 Meadow StAnchorage, AK 99507
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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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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.
433 E Dowling Rd
AnchorageAK99518
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$1,125 - $1,250Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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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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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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Showing Results 1-26, 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 | $1,227 | $1,100 | $1,380 |
| South Anchorage 1 Bedroom Apartments | $1,589 | $750 | $2,917 |
| South Anchorage 2 Bedroom Apartments | $1,760 | $758 | $3,200 |
| South Anchorage 3 Bedroom Apartments | $2,272 | $1,500 | $3,895 |
| South Anchorage 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Apartments in this Neighborhood
There are currently 26 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 Creekside Manor priced from $1,100. Castle has the second lowest priced unit, which is a Studio apartment currently listed from $1,115. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creekside Manor | Studio | Studio,1BA | $1,100 |
| Castle | Studio X small | Studio,1BA | $1,115 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| Nicole Apartments | Studio | Studio,1BA | $1,205 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| The Village at Calais | 1x1 | 1BR,1BA | $1,225 |
| The Outlook Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,245 |
| The Mallary | 2 Bed | 2BR,1BA | $1,250 |
| Ptarmigan Meadows | One bedroom | 1BR,1BA | $1,264 |
| Alpine | Studio | Studio,1BA | $1,275 |
Best Value Apartments for Rent in South Anchorage, AK
As of October 05, 2025 the best value apartment in the South Anchorage area is the $1.29 price per square foot 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 in the in the Old Seward Oceanview neighborhood starting from $1,650. The second greatest value South Anchorage apartment is the CS - 2 Bedroom Model at Creekside Terrace starting at $1,695 with a $1.38 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. |
|---|---|---|---|
| 1803 Dare Ave, Unit 7 | 1803 Dare Ave | 3BR,1BA | $1.29 |
| Creekside Terrace | CS - 2 Bedroom | 2BR,1BA | $1.38 |
| 15420 Blair View Cir, Unit Studio | 15420 Blair View Cir | 2BR,1BA | $1.58 |
| Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
| The Greenbriar | Two Bedroom | 2BR,1BA | $1.60 |
| Kings Court | Two Bedroom One Bath | 2BR,1BA | $1.54 |
| Green Tree Apartments | 2 bedroom 1st floor | 2BR,1BA | $1.63 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.59 |
| Northwind Apartments | 2nd floor Studio | Studio ,1BA | $1.73 |
Quick Rent Budget Calculator
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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 $1,275.
What is the price of a cheap apartment in South Anchorage?
The cheapest apartment in South Anchorage is Chester Park Estate which is listed at $1,225, while the average apartment in South Anchorage costs $2,055.
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 $1,077 which is $978 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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.