Cheap Homes for Rent in the South Anchorage Neighborhood of Anchorage, AK from $1,200 (17 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 Castle priced from $1,095. The Mallary has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
CastleStudio X smallStudio,1BA$1,095
The Mallary1 Bed1BR,1BA$1,150
College ViewStudioStudio,1BA$1,155
The Village at Calais1x11BR,1BA$1,165
Country Lane1x1 (s)1BR,1BA$1,210

Best Value Apartments for Rent in South Anchorage, AK

As of July 14, 2026 the best value apartment in the South Anchorage area is the $1.69 price per square foot 3 bed / 1 bath Model at 1101 Eagle St in the in the Government Hill neighborhood starting from $1,650. The second greatest value South Anchorage apartment is the 2 Beds, 1 Baths Model at 1515 Nelchina St starting at $1,500 with a $1.67 price per square foot in the Government Hill 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.
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
1515 Nelchina St2 Beds, 1 Baths2BR,1BA$1.67
Deer ParkTwo Bedroom2BR,1BA$1.77
Checkmate Plaza2 Beds, 1 Baths2BR,1BA$1.78
Kings CourtTwo Bedroom One Bath2BR,1BA$1.67
827 E 11th Ave2 Beds, 1 Baths2BR,1BA$1.50
Tudor Park Apartments1 bed Bottom1BR,1BA$1.80
Green Tree Apartments1 bedroom 3rd floor1BR,1BA$1.80
Nicole ApartmentsFlat1BR,1BA$1.70
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 389 Apartments for Rent in South Anchorage, AK with pricing that ranges from $875 to $17,094. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,250 to $4,800.

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 $1,250 to $4,800 with an average monthly rent of $2,511.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.