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Cheap Apartments for Rent in South Anchorage

157 Rentals
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  5. Building Photo - Rancho Tudor
    STUDIO
    $1,225+
    1 BED
    $1,320+
    2 BEDS
    $1,600+

    Rancho Tudor

    3531 E 42nd Ave, Anchorage, AK 99508
  9. Building Photo - The Greenbriar
    STUDIO
    $1,325+
    1 BED
    $1,535+
    2 BEDS
    $1,605+

    The Greenbriar

    4318 Vance Dr, Anchorage, AK 99508
  11. Building Photo - Driftwood
    1 BED
    $1,350

    Driftwood

    7101 Weimer Rd, Anchorage, AK 99502
  13. 1 BED
    $1,380+
    2 BEDS
    $1,725+

    Quiet Creek

    4543 Lake Otis Pky, Anchorage, AK 99507
  14. 1 BED
    $1,405+
    2 BEDS
    $1,600+

    Deer Park

    4221 Laurel St, Anchorage, AK 99508
  16. Building Photo - Chugach South
    1 BED
    $1,505+
    2 BEDS
    $1,755+

    Chugach South

    9600-9600 Morningside Loop, Anchorage, AK 99515
  19. Building - Eagle Crest
    Call for Rent

    Eagle Crest

    11301 Pyramid Dr, Anchorage, AK 99516
  23. 2 BEDS
    $1,675

    Montclair

    7847 Jewel Lk, Anchorage, AK 99502
  27. Building Photo - Martha's Vineyard
    2 BEDS
    $1,700+
    3 BEDS
    $2,000+

    Martha's Vineyard

    1900-1941 Marthas Vineyard Cir, Anchorage, AK 99507
Showing 42 of 54 results, Page 1 of 2

Anchorage at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
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Schools in Anchorage
25

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Anchorage
64

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Anchorage

Cheap Apartments in South Anchorage Neighborhood in Anchorage, AK

When looking for cheap apartments in South Anchorage, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in South Anchorage.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 54 cheap apartments available in South Anchorage, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Anchorage

(For 1 bedroom apartments)

Getting Around Anchorage

Transportation

53

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
64

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
25

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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