Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $800 (17 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

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 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.

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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.

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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 College View priced from $1,099. Castle 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
College ViewStudioStudio,1BA$1,099
CastleStudio smallStudio,1BA$1,125
Kings CourtOne Bedroom One Bath1BR,1BA$1,190
City ViewStudioStudio,1BA$1,220
The GreenbriarStudioStudio,1BA$1,225

Best Value Apartments for Rent in South Anchorage, AK

As of June 17, 2025 the best value apartment in the South Anchorage area is the $1.96 price per square foot The Knik 2Bd/2Ba Model at The Residences at Northwood LLC in the in the Sand Lake neighborhood starting from $2,400. The second greatest value South Anchorage apartment is the 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 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.
The Residences at Northwood LLCThe Knik 2Bd/2Ba2BR,2BA$1.96
1410 W 27th Ave, Unit 31410 W 27th Ave3BR,1BA$1.33
Stephens Park3 Beds3BR,2BA$1.57
5657 Gate Keeper Ave, Unit Duplex5657 Gate Keeper Ave2BR,1BA$1.95
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.59
Tudor Park Apartments1 bed Bottom1BR,1BA$1.63
Nicole ApartmentsFlat1BR,1BA$1.74
Kings CourtOne Bedroom One Bath1BR,1BA$1.70
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

Quick Rent Budget Calculator

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Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 373 Apartments for Rent in South Anchorage, AK with pricing that ranges from $1,075 to $4,500. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,300 to $3,895.

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 $1,300 to $3,895 with an average monthly rent of $2,425.

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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,700 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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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.