Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $800 (10 Rentals)

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

property at 1020 W 12th Ave

1020 W 12th Ave

AnchorageAK99501

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

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.

Read Article
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South Anchorage, Anchorage, AK Local Guide

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 $1,115. Northwind Apartments 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 ListingModel NameBed/BathPriced From
CastleStudio X smallStudio,1BA$1,115
Northwind Apartments2nd floor StudioStudio,1BA$1,125
The Village at Calais1x11BR,1BA$1,225

Best Value Apartments for Rent in South Anchorage, AK

As of October 01, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1803 Dare Ave, Unit 71803 Dare Ave3BR,1BA$1.29
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
15420 Blair View Cir, Unit Studio15420 Blair View Cir2BR,1BA$1.58
Stephens Park3 Beds3BR,2BA$1.57
The GreenbriarTwo Bedroom2BR,1BA$1.60
Arctic Sun1x1 9001BR,1BA$1.52
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.59
Tudor Park Apartments1 bed 2nd floor1BR,1BA$1.73
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

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Pet Friendly Lifestyle
South Anchorage, Anchorage, AK

Ranked #42

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Anchorage, Anchorage, AK

School data provided by Great Schools

Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 409 Apartments for Rent in South Anchorage, AK with pricing that ranges from $750 to $3,300. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $800 to $8,500.

What is the current price range for Rental Homes in South Anchorage?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Anchorage ranges from $800 to $8,500 with an average monthly rent of $2,553.

How much are larger Three and Four Bedroom Rentals in South Anchorage?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Anchorage range from $1,650 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,050.

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.

decorative image for Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide article

Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.