Cheap Apartments for Rent in the Midtown Anchorage Neighborhood of Anchorage, AK from $700 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Midtown Anchorage area of Anchorage.

Rent According to Income: A Look at Income-Restricted Rentals

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Country Lane
Studio to 1 Bedroom Apartments

Country Lane

810 E 42nd AveAnchorage, AK 99503
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Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-21, Page 1 of 1

Cheapest Available Midtown Anchorage Apartments for Rent

 

The cheapest available apartment rental in the Midtown Anchorage area of Anchorage, AK is a Studio unit found at Merrill Crossing priced from $950. Castle has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here are the most affordable Midtown Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$950
CastleStudio X smallStudio,1BA$1,095
College ViewStudioStudio,1BA$1,155
The Village at Calais1x11BR,1BA$1,165
City ViewStudioStudio,1BA$1,170

Best Value Apartments for Rent in Midtown Anchorage, AK

As of July 29, 2026 the best value apartment in the Midtown Anchorage area is the $1.66 price per square foot 4000 Harrison St Model at 4000 Harrison St, Unit 2 in the in the Spenard neighborhood starting from $2,500. The second greatest value Midtown Anchorage apartment is the 3 bed / 1 bath Model at 1101 Eagle St starting at $1,650 with a $1.69 price per square foot in the Government Hill neighborhood. Here is today’s list of the best values for Midtown Anchorage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4000 Harrison St, Unit 24000 Harrison St3BR,2BA$1.66
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Arctic Sun1x1 9001BR,1BA$1.59
Tudor Park Apartments1 bed Bottom1BR,1BA$1.80
Susitna Ridge2 BR x 1 BA2BR,1BA$2.10
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
4611 Juneau St1/11BR,1BA$2.21
The Village at Calais1x11BR,1BA$2.12
Continental1 BR1BR,1BA$2.36
Merrill CrossingStudioStudio ,1BA$2.21

Frequently Asked Questions about Cheap Midtown Anchorage Apartments

What is a cheap apartment in Midtown Anchorage?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Anchorage is under $1,330.

What is the price of a cheap apartment in Midtown Anchorage?

The cheapest apartment in Midtown Anchorage is Merrill Crossing which is listed at $1,000, while the average apartment in Midtown Anchorage costs $2,087.

What types of apartments are the cheapest in Midtown Anchorage?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Midtown Anchorage that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.