South Anchorage, AK Rental Market Data

As of August 2026, rental prices in South Anchorage, AK range from $1,433 to $3,444 per month depending on property type and bedroom count.

The largest year-over-year rent increase is in single-family 4-bedroom homes, which rose 7.58% from the previous year.

For 3-bedroom units, single-family homes command a median rent of $2,873 while apartments rent for $2,447.

What is the range of rental prices in South Anchorage, AK as of August 2026?

The rental price range in South Anchorage, AK in August 2026 is from $1,433 for a 1-bedroom apartment up to $3,444 for a 4-bedroom single-family home.

Are rents rising or falling overall in South Anchorage, AK in August 2026?

Rents are rising overall in South Anchorage, AK, with every property and bedroom segment showing a year-over-year increase, including a 7.58% rise for single-family 4-bedrooms and a 1.79% rise for single-family 2-bedrooms.

Which rental segment has an outlier number in South Anchorage, AK?

The 4-bedroom single-family home segment stands out with the highest median rent at $3,444 and the highest year-over-year increase at 7.58%.

What is the cheapest rental option in South Anchorage, AK as of August 2026?

The most affordable rental option is a 1-bedroom apartment at $1,433 per month.

South Anchorage, AK

August 2026

99507,99515,99516,99518

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,380 – $1,487	2.09%	5.44%
2-Bedroom	$1,688 – $1,855	-0.40%	5.03%
3-Bedroom	$2,332 – $2,562	2.67%	5.15%
4-Bedroom	$2,980 – $3,209	1.54%	5.73%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,418 – $1,482	1.49%	4.46%
2-Bedroom	$1,815 – $1,935	-0.94%	3.72%
3-Bedroom	$2,485 – $2,639	-3.03%	2.32%
4-Bedroom	$3,015 – $3,179	1.33%	5.41%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,522 – $1,598	1.34%	6.31%
2-Bedroom	$1,915 – $2,013	-3.03%	1.79%
3-Bedroom	$2,724 – $3,022	0.32%	5.35%
4-Bedroom	$3,268 – $3,649	1.09%	8.03%

Data updated: September 23, 2026

South Anchorage Rental Trends

In the South Anchorage (99507, 99515, 99516, 99518) rental market, 1-bedroom apartments saw a 2.09% month-over-month rise, reaching a median rent of $1,433 in August 2026. Year-over-year, rents for this segment climbed 5.44%, making it one of the faster-growing options for smaller units.

Rent for 3-bedroom condo/townhomes in South Anchorage (99507, 99515, 99516, 99518) declined -3.03% month-over-month, settling at $2,562. In contrast, 3BR apartments moved upward by 2.67%, reaching $2,447, which narrows the gap between these property types for larger renters.

According to South Anchorage (99507, 99515, 99516, 99518) rental trends, 4-bedroom single-family homes led yearly rent increases, jumping 7.58% YoY to $3,444. This annual growth outpaces 4BR condos/townhomes, which saw a 5.41% gain and reached $3,066, highlighting stronger appreciation in detached homes.

12-Month Median Rent Trend

Apartment

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,433	$1,772	$2,447	$3,095
July 2026	$1,431	$1,771	$2,370	$3,058
June 2026	$1,393	$1,762	$2,343	$3,026
May 2026	$1,426	$1,765	$2,344	$2,994
April 2026	$1,391	$1,764	$2,353	$2,954
March 2026	$1,373	$1,760	$2,342	$2,923
February 2026	$1,330	$1,710	$2,334	$2,911
January 2026	$1,334	$1,697	$2,329	$2,917
December 2025	$1,341	$1,718	$2,344	$2,944
November 2025	$1,359	$1,713	$2,361	$2,972
October 2025	$1,369	$1,723	$2,368	$2,985
September 2025	$1,361	$1,709	$2,366	$2,971

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,450	$1,875	$2,562	$3,066
July 2026	$1,455	$1,882	$2,644	$3,035
June 2026	$1,394	$1,835	$2,626	$2,993
May 2026	$1,380	$1,840	$2,588	$2,943
April 2026	$1,384	$1,814	$2,441	$2,904
March 2026	$1,372	$1,778	$2,414	$2,886
February 2026	$1,365	$1,783	$2,479	$2,881
January 2026	$1,364	$1,776	$2,477	$2,878
December 2025	$1,378	$1,783	$2,495	$2,900
November 2025	$1,388	$1,805	$2,513	$2,922
October 2025	$1,400	$1,834	$2,516	$2,933
September 2025	$1,397	$1,822	$2,527	$2,935

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,544	$1,964	$2,873	$3,459
July 2026	$1,528	$2,047	$2,889	$3,481
June 2026	$1,484	$2,030	$2,761	$3,293
May 2026	$1,499	$1,990	$2,759	$3,253
April 2026	$1,458	$1,922	$2,667	$3,193
March 2026	$1,449	$1,953	$2,729	$3,179
February 2026	$1,445	$1,918	$2,676	$3,093
January 2026	$1,440	$1,916	$2,684	$3,094
December 2025	$1,446	$1,923	$2,694	$3,108
November 2025	$1,455	$1,935	$2,709	$3,132
October 2025	$1,460	$1,944	$2,724	$3,148
September 2025	$1,461	$1,946	$2,730	$3,157