Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $1,200 (18 Rentals)

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

property at 3100 Ward Pl

$1,250 - $1,600

1 To 2 Bedroom Rentals

Available Now

3100 Ward Pl

AnchorageAK99517

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

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property at 524 W 12th Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Mar 1

524 W 12th Ave

AnchorageAK99501

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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Showing Results 1-18, Page 1 of 1

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
Arbor PointeStudioStudio,1BA$1,130
Northwind ApartmentsStudio 3rd floorStudio,1BA$1,145
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,155

Best Value Apartments for Rent in South Anchorage, AK

As of February 28, 2026 the best value apartment in the South Anchorage area is the $1.21 price per square foot 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 in the in the Old Seward Oceanview neighborhood starting from $1,550. 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$1.21
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
1100 W 53rd Ave, Unit Level Two1100 W 53rd Ave2BR,1BA$1.75
Stephens Park2 Bed2BR,1BA$1.66
MontclairLarge Two bedroom one bath2BR,1BA$1.82
Deer ParkTwo Bedroom2BR,1BA$1.74
The Mallary2 Bed2BR,1BA$1.75
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 406 Apartments for Rent in South Anchorage, AK with pricing that ranges from $600 to $5,953. There are also 58 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 $3,053.

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 $5,953, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,300. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $3,400.

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

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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.

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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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.