Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $1,000 (17 Rentals)

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

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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 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 Outlook ApartmentsStudio ApartmentStudio,1BA$1,145
The Mallary1 Bed1BR,1BA$1,150
Northwind Apartments1 bedroom / 1st floor1BR,1BA$1,175

Best Value Apartments for Rent in South Anchorage, AK

As of March 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
Stephens Park3 Beds3BR,2BA$1.57
Martha's Vineyard1910 Martha's Vineyard Cir 13BR,1BA$1.72
Downtown ClassicsA Lower Left2BR,1BA$1.60
Kings CourtTwo Bedroom One Bath2BR,1BA$1.44
TaigaTwo Bedroom2BR,2BA$1.79
Hampstead Heath2 Bed2BR,1BA$1.61
Nicole ApartmentsFlat1BR,1BA$1.74
Northwind Apartments3rd Floor /Furnished Available1BR,1BA$1.79

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Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 377 Apartments for Rent in South Anchorage, AK with pricing that ranges from $945 to $3,300. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,000 to $4,200.

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 $1,000 to $4,200 with an average monthly rent of $2,450.

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 $1,595 to $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,050.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.