Cheap Apartments for Rent in the South Anchorage Neighborhood of Anchorage, AK from $600 (25 Rentals)

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

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Lumen Park Apartments
1 to 2 Bedroom Apartments

Lumen Park Apartments

2778 Lumen Park DrAnchorage, AK 99507
Senior Living
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West Midtown Gardens
Studio to 1 Bedroom Apartments

West Midtown Gardens

1327 W 27th AveAnchorage, AK 99503
  • Utilities Included
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West Midtown Pointe
Studio Apartments

West Midtown Pointe

1425 W 27th AveAnchorage, AK 99503
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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West Midtown Village
Studio to 1 Bedroom Apartments

West Midtown Village

1414 W 26th AveAnchorage, AK 99503
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West Midtown Place
1 Bedroom Apartments

West Midtown Place

1023 W 26th AveAnchorage, AK 99503
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Northern Lights Manor
1 to 2 Bedroom Apartments

Northern Lights Manor

1353 W 27th AveAnchorage, AK 99503
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Beluga Flats
Studio Apartments

Beluga Flats

13496 Old Seward HwyAnchorage, AK 99515
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Casablanca Apartments
1 Bedroom Apartments

Casablanca Apartments

4318-4320 Checkmate DrAnchorage, AK 99508
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2805 W 31st Ave
2 Bedroom Apartments

2805 W 31st Ave

2805 W 31st AveAnchorage, AK 99517
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Cedarwood Apartments
Studio Apartments

Cedarwood Apartments

1336 W 23rd AveAnchorage, AK 99503
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5440 E 26th Ave
2 Bedroom Apartments

5440 E 26th Ave

5440 E 26th AveAnchorage, AK 99508
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City View
Studio to 1 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
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Strawberry Lane
2 Bedroom Apartments

Strawberry Lane

2100-2110 Strawberry RdAnchorage, AK 99502
  • Utilities Included

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 Studio unit found at College View priced from $1,120. Castle has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
College ViewStudioStudio,1BA$1,120
CastleStudio smallStudio,1BA$1,125
The Mallary1 Bed1BR,1BA$1,150
Northwind Apartments1 bedroom / 1st floor1BR,1BA$1,175
City ViewStudioStudio,1BA$1,195

Best Value Apartments for Rent in South Anchorage, AK

As of April 28, 2025 the best value apartment in the South Anchorage area is the $1.25 price per square foot 1803 Dare Ave Model at 1803 Dare Ave, Unit 7 in the in the Old Seward Oceanview neighborhood starting from $1,595. The second greatest value South Anchorage apartment is the 1410 W 27th Ave Model at 1410 W 27th Ave, Unit 3 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.
1803 Dare Ave, Unit 71803 Dare Ave3BR,1BA$1.25
1410 W 27th Ave, Unit 31410 W 27th Ave3BR,1BA$1.33
Martha's Vineyard1910 Martha's Vineyard Cir 13BR,1BA$1.72
9910 Grange Dr, Unit A9910 Grange Dr2BR,1BA$1.86
Hampstead Heath2 Bed2BR,1BA$1.61
Tudor Park Apartments1 bd 3rd floor1BR,1BA$1.67
Nicole ApartmentsFlat1BR,1BA$1.74
Northwind Apartments3rd Floor 1 bedroom1BR,1BA$1.69
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
The Mallary1 Bed1BR,1BA$1.94

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 #41

Among neighborhoods in Anchorage, AK for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Anchorage. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, features that make it easier to raise kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Anchorage Apartments

What is a cheap apartment in South Anchorage?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Anchorage is under $1,255.

What is the price of a cheap apartment in South Anchorage?

The cheapest apartment in South Anchorage is The Mallary which is listed at $1,150, while the average apartment in South Anchorage costs $2,050.

What types of apartments are the cheapest in South Anchorage?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in South Anchorage that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Anchorage?

Cheap apartments in South Anchorage have an average cost of $1,085 which is $965 cheaper than the average rent for all rentals in South Anchorage.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.