Cheap Apartments for Rent in South Anchorage
-
Good ValueSTUDIO$1,155+1 BED$1,255+2 BEDS$1,495+ -
1 BED$1,210Country Lane
810 E 42nd Ave, Anchorage, AK 99503 -
STUDIO$1,270+1 BED$1,350+2 BEDS$1,650+Rancho Tudor
3531 E 42nd Ave, Anchorage, AK 99508 -
Rent SpecialSTUDIO$1,330+1 BED$1,475+2 BEDS$1,630+Alpine
5215 Mockingbird Dr, Anchorage, AK 99507 -
STUDIO$1,375+1 BED$1,455+2 BEDS$1,855+Terrace on the Lake
2421 Bentzen Cir, Anchorage, AK 99517 -
Good Value1 BED$1,387The Club at Eagle Point
5640 Lake Otis Pky, Anchorage, AK 99507 -
1 BED$1,390+2 BEDS$1,590+Deer Park
4221 Laurel St, Anchorage, AK 99508 -
1 BED$1,395Tudor Park Apartments
4631 Juneau St, Anchorage, AK 99503 -
1 BED$1,395Driftwood
7101 Weimer Rd, Anchorage, AK 99502 -
1 BED$1,460+2 BEDS$1,725+3 BEDS$2,125+Quiet Creek
4543 Lake Otis Pky, Anchorage, AK 99507 -
Rent SpecialSTUDIO$1,475+1 BED$1,669+2 BEDS$1,789+The Greenbriar
4318 Vance Dr, Anchorage, AK 99508 -
1 BED$1,475Chugach South
9600-9600 Morningside Loop, Anchorage, AK 99515 -
2 BEDS, 1 BATH$1,5002852 Telequana Dr Unit 4
2852 Telequana Dr, Anchorage, AK 99517 -
2 BEDS, 1 BATH$1,500
10270 Betula Dr
10270 Betula Dr, Anchorage, AK 99507 -
1 BED$1,509+2 BEDS$1,599+
Wildwood Estates
2237 E 56th Ave, Anchorage, AK 99507 -
-
-
2 BEDS$1,550+3 BEDS$1,825+Hampstead Heath
6415 Hampstead Dr, Anchorage, AK 99518 -
2 BEDS$1,560Montclair
7847 Jewel Lk, Anchorage, AK 99502 -
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$1,600Base Rent$1,600Required Monthly FeesNoneTotal Monthly Price$1,6001832 Dare Ave Unit 2
1832 Dare Ave, Anchorage, AK 99515 -
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$1,700Base Rent$1,700Required Monthly FeesNoneTotal Monthly Price$1,70012250 Ellen Ave Unit Apartment 3
12250 Ellen Ave, Anchorage, AK 99515 -
3 BEDS, 1.5 BATHS$1,700Denali St Unit B2
5911 Denali St, Anchorage, AK 99518 -
2 BEDS, 2 BATHS$1,7005018 E 43rd Ave
5018 E 43rd Ave, Anchorage, AK 99508 -
2 BEDS$1,703
Strawberry Lane
2001 W 80th Ave, Anchorage, AK 99502 -
2 BEDS$1,795Creekside Terrace
579 E Dowling Rd, Anchorage, AK 99518 -
2 BEDS$1,850Martha's Vineyard
1900-1941 Marthas Vineyard Cir, Anchorage, AK 99507 -
-
2 BEDS, 1 BATH$1,8501940 Marthas Vineyard Cir
1940 Marthas Vineyard Cir, Anchorage, AK 99507 -
2 BEDS, 1.5 BATHS$1,9001810 E 72nd Ave Unit B
1810 E 72nd Ave, Anchorage, AK 99507 -
2 BEDS, 1 BATH$1,900
2201 E 66th Ave Unit A
2201 E 66th Ave, Anchorage, AK 99507 -
2 BEDS, 2 BATHS$1,920
9309 Jewel Lake Rd Unit 103
9309 Jewel Lake Rd, Anchorage, AK 99502 -
3 BEDS, 2 BATHS$1,950
8340 Nadine St Unit 3
8340 Nadine St, Anchorage, AK 99507 -
-
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,995Base Rent$1,995Required Monthly FeesNoneTotal Monthly Price$1,9959645 Independence Dr Unit D110
9645 Independence Dr, Anchorage, AK 99507 -
3 BEDS, 1.5 BATHS$2,0009047 Dewberry St Unit 3
9047 Dewberry St, Anchorage, AK 99502 -
2 BEDS, 1 BATH$2,0002211 E 66th Ave
2211 E 66th Ave, Anchorage, AK 99507 -
-
1 BED$2,110+2 BEDS$2,670+The Highlands Luxury Residences
2134 E 56th Ave, Anchorage, AK 99507 -
1 BED$2,125+2 BEDS$2,575+3 BEDS$2,750+The Residences at Northwood LLC
7020 Northwood St, Anchorage, AK 99502 -
2 BEDS$2,170+3 BEDS$2,595+ReNew Bayshore Townhomes
9900-1040 William Jones Cir, Anchorage, AK 99515 -
Total Monthly Price Total Monthly Price New2 BEDS, 2 BATHS$2,200Base Rent$2,200Required Monthly FeesNoneTotal Monthly Price$2,200123 E Potter Dr Unit 2
123 E Potter Dr, Anchorage, AK 99518 -
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$2,200Base Rent$2,200Required Monthly FeesNoneTotal Monthly Price$2,2002808 Jones Ave
2808 Jones Ave, Anchorage, AK 99517
Anchorage at a Glance
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 75 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)- Neighborhoods Average Sq Ft Average Rent
- Midtown Anchorage 598 Sq Ft $1,304/mo
- Spenard 617 Sq Ft $1,331/mo
- Northeast Anchorage 628 Sq Ft $1,463/mo
- Downtown Anchorage 613 Sq Ft $1,495/mo
- North Star 606 Sq Ft $1,528/mo
- South Anchorage 657 Sq Ft $1,665/mo
- South Addition 611 Sq Ft $1,671/mo
- Campbell Park 678 Sq Ft $1,705/mo
- Abbott Loop 703 Sq Ft $1,901/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Select Bedrooms
Specialty Housing
Choose by Amenities
Submitting Request
Thank You
About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.