Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $1,100 (21 Rentals)

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

property at 5760 College Dr

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5760 College Dr

AnchorageAK99504

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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property at 3011 Lois Dr

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

3011 Lois Dr, Unit 109

3011 Lois Dr
AnchorageAK99517

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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Showing Results 1-21, 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 Continental priced from $1,050. Castle has the second lowest priced unit, which is a Studio apartment currently listed from $1,090. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
ContinentalStudioStudio,1BA$1,050
CastleStudio smallStudio,1BA$1,090
Arbor PointeStudioStudio,1BA$1,130
College ViewStudioStudio,1BA$1,160
City ViewStudioStudio,1BA$1,180

Best Value Apartments for Rent in South Anchorage, AK

As of May 30, 2026 the best value apartment in the South Anchorage area is the $1.65 price per square foot 3 Beds Model at Stephens Park in the in the Downtown Anchorage neighborhood starting from $1,975. The second greatest value South Anchorage apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,650 with a $1.69 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.
Stephens Park3 Beds3BR,2BA$1.65
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Deer ParkTwo Bedroom2BR,1BA$1.78
Kings CourtTwo Bedroom One Bath2BR,1BA$1.54
Arctic Sun1x1 8251BR,1BA$1.68
Tudor Park Apartments1 bed 2nd floor1BR,1BA$1.80
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.70
Green Tree Apartments1 bedroom 3rd floor1BR,1BA$1.82
Nicole ApartmentsFlat1BR,1BA$1.77
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 393 Apartments for Rent in South Anchorage, AK with pricing that ranges from $995 to $7,761. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,150 to $4,000.

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 $1,150 to $4,000 with an average monthly rent of $2,397.

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 $1,800 to $7,761, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $2,995.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.