Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $1,100 (15 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 $1,125. 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 smallStudio,1BA$1,125
Northwind Apartments2nd floor StudioStudio,1BA$1,125
College View1 bedroom1BR,1BA$1,129
Susitna RidgeStudioStudio,1BA$1,155
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225

Best Value Apartments for Rent in South Anchorage, AK

As of August 04, 2025 the best value apartment in the South Anchorage area is the $1.54 price per square foot 1404 E 11th Ave Model at 1404 E 11th Ave, Unit B in the in the Government Hill neighborhood starting from $2,150. The second greatest value South Anchorage apartment is the 1402 W 27th Ave Model at 1402 W 27th Ave, Unit 8 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1404 E 11th Ave, Unit B1404 E 11th Ave3BR,1BA$1.54
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
Stephens Park2 Bed2BR,1BA$1.56
The GreenbriarTwo Bedroom2BR,1BA$1.57
AlpineTwo Bedroom2BR,1BA$1.74
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.59
Nicole ApartmentsFlat1BR,1BA$1.74
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

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Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 377 Apartments for Rent in South Anchorage, AK with pricing that ranges from $1,075 to $3,600. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,100 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 $1,100 to $8,500 with an average monthly rent of $2,549.

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 $1,595 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,550 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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.