Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $1,200 (19 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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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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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 $1,060. 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$1,060
Arbor PointeStudioStudio,1BA$1,130
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
College ViewStudioStudio,1BA$1,170

Best Value Apartments for Rent in South Anchorage, AK

As of April 14, 2026 the best value apartment in the South Anchorage area is the $1.13 price per square foot 1805 Dare Ave Model at 1805 Dare Ave, Unit 1 in the in the Old Seward Oceanview neighborhood starting from $1,350. The second greatest value South Anchorage apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,550 with a $1.59 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.
1805 Dare Ave, Unit 11805 Dare Ave2BR,1BA$1.13
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
Deer ParkTwo Bedroom2BR,1BA$1.78
Arctic Sun2x1 9002BR,1BA$1.76
The Mallary2 Bed2BR,1BA$1.75
AlpineOne Bedroom1BR,1BA$1.81
Nicole ApartmentsFlat1BR,1BA$1.77
Hillside Chalet1 bedroom1BR,1BA$1.86
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind ApartmentsStudio 3rd floorStudio ,1BA$1.76

Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 396 Apartments for Rent in South Anchorage, AK with pricing that ranges from $700 to $7,953. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,200 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 $1,200 to $8,500 with an average monthly rent of $2,919.

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 $1,550 to $7,953, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,500. Four Bedroom Single-Family rentals are also available starting from $4,600 and Four Bedroom Apartments start at $3,200.

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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.