Cheap Homes for Rent in the South Anchorage Neighborhood of Anchorage, AK from $1,100 (25 Rentals)

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

property at 1462 W 26th Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

1462 W 26th Ave, Unit 19

1462 W 26th Ave
AnchorageAK99503

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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 1 Bed unit found at 1335 Hyder Street priced from $995. 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
1335 Hyder Street1BR/1.0BA1BR,1BA$995
CastleStudio smallStudio,1BA$1,100
Arbor PointeStudioStudio,1BA$1,130
City ViewStudioStudio,1BA$1,145
The Mallary1 Bed1BR,1BA$1,150

Best Value Apartments for Rent in South Anchorage, AK

As of August 30, 2026 the best value apartment in the South Anchorage area is the $1.33 price per square foot 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 in the in the Spenard neighborhood starting from $1,595. The second greatest value South Anchorage apartment is the 1402 W 27th Ave Model at 1402 W 27th Ave, Unit 8 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.
1410 W 27th Ave, Unit 31410 W 27th Ave3BR,1BA$1.33
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
12250 Ellen Ave, Unit Apartment 312250 Ellen Ave2BR,1BA$1.79
MontclairLarge Two bedroom one bath2BR,1BA$1.79
Deer ParkTwo Bedroom2BR,1BA$1.77
Checkmate Plaza2 Beds, 1 Baths2BR,1BA$1.78
1425 W 40th Ave.1BR/1.0BA1BR,1BA$1.38
Arctic Sun1x1 8251BR,1BA$1.68
Nicole ApartmentsFlat1BR,1BA$1.77
Chester Park Estates1BD/1BA- Floorplan A1BR,1BA$1.83

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
South Anchorage, Anchorage, AK

Ranked #42

Among cities in Alaska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Anchorage, Anchorage, AK

School data provided by Great Schools

Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 418 Apartments for Rent in South Anchorage, AK with pricing that ranges from $700 to $5,416. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,100 to $5,000.

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 $1,100 to $5,000 with an average monthly rent of $2,460.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.