Cheap Homes for Rent in South Anchorage Neighborhood of Anchorage, AK from $1,100 (11 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 3904 Lois Dr

3904 Lois Dr

AnchorageAK99517
Showing Results 1-11, Page 1 of 1

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 Castle priced from $1,100. College View has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here are the most affordable South Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
CastleStudio X smallStudio,1BA$1,100
College ViewStudioStudio,1BA$1,120
The Mallary1 Bed1BR,1BA$1,150
Terrace on the LakeBlue Winged TealStudio,1BA$1,210
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225

Best Value Apartments for Rent in South Anchorage, AK

As of May 11, 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 712 W 47th Ave Model at 712 W 47th Ave, Unit 712-4 starting at $1,800 with a $1.64 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$1.25
712 W 47th Ave, Unit 712-4712 W 47th Ave2BR,1BA$1.64
1741 Beaver Pl, Unit 41741 Beaver Pl3BR,1BA$1.90
8531 Golden St, Unit Apt 18531 Golden St3BR,1BA$1.78
Stephens Park2 Bed2BR,1BA$1.35
917 E 46th Ct, Unit B917 E 46th Ct2BR,1BA$1.65
Hampstead Heath2 Bed2BR,1BA$1.61
Nicole ApartmentsFlat1BR,1BA$1.77
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
The Mallary1 Bed1BR,1BA$1.94

Quick Rent Budget Calculator

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Frequently Asked Questions about South Anchorage

What type of rentals are currently available in South Anchorage?

There are currently 383 Apartments for Rent in South Anchorage, AK with pricing that ranges from $1,050 to $3,500. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Anchorage ranging from $1,175 to $4,500.

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 $1,175 to $4,500 with an average monthly rent of $2,542.

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 $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,200 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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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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.