Rentometer, Inc. | Data as of 10/23/2025
South Lakes, Alaska, offers a vibrant rental landscape that blends modern convenience with the natural beauty of the state's northern frontier. The city’s compact urban core is anchored by a mix of newly built apartments and classic mid‑century structures, providing renters a variety of lifestyle options. Residents enjoy easy access to the iconic South Lakes Park, waterfront trails, and a growing cultural scene that includes art galleries, local breweries, and seasonal festivals celebrating Alaska’s unique heritage.
Apartment living dominates the market, with one‑bedroom units typically falling in the $1400s range and two‑bedroom options commanding the $1600‑$1700 bracket. These figures reflect a balanced market where affordability meets quality, as many complexes feature updated interiors, on‑site fitness centers, and pet‑friendly policies. Proximity to major employers, the regional hospital, and the bustling downtown shopping district makes South Lakes an attractive choice for young professionals, small families, and retirees seeking a low‑maintenance lifestyle.
Beyond housing, South Lakes boasts a network of neighborhoods each with its own character—from the historic Riverbend district, known for its tree‑lined streets and community gardens, to the contemporary Lakeside Village, where new development blends seamlessly with expansive views of the surrounding wilderness. Outdoor enthusiasts appreciate the easy hike to nearby glaciers and abundant fishing opportunities, while commuters benefit from reliable public transit linking the city to broader Alaska. This combination of strong rental options, desirable amenities, and natural attractions positions South Lakes as a compelling destination for anyone looking to call Alaska home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,445 | $1,375 | $1,365 - $1,710 | $1,365 - $1,525 |
| Apartment | 2 Bedroom | $1,643 | $1,695 | $1,375 - $1,745 | $1,595 - $1,695 |
In the current period, the average rent in South Lakes was $1,445 for 1 Bedroom, and $1,643 for 2 Bedroom.
Data provided by Rentometer, Inc.