Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $800 (19 Rentals)

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

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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 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 ListingModel NameBed/BathPriced From
Country LaneStudioStudio,1BA$1,025
CastleStudio X smallStudio,1BA$1,100
Northwind Apartments2nd floor StudioStudio,1BA$1,125
College ViewStudioStudio,1BA$1,160
The Mallary1 Bed1BR,1BA$1,175

Best Value Apartments for Rent in South Anchorage, AK

As of January 01, 2026 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
The GlenTwo Bedroom2BR,1BA$1.74
MontclairLarge Two bedroom one bath2BR,1BA$1.78
Arctic Sun2x1 9002BR,1BA$1.74
Kings CourtTwo Bedroom One Bath2BR,1BA$1.66
Green Tree Apartments1 bedroom bottom1BR,1BA$1.73
Nicole ApartmentsFlat1BR,1BA$1.70
Hillside Chalet1 bedroom1BR,1BA$1.81
Northwind Apartments2nd floor StudioStudio ,1BA$1.73

Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 399 Apartments for Rent in South Anchorage, AK with pricing that ranges from $750 to $5,152. There are also 81 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 $2,698.

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 $5,152, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,050.

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

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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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!