Cheap Apartments for Rent in the Midtown Anchorage Neighborhood of Anchorage, AK from $800 (18 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Midtown Anchorage, Anchorage, AK Local Guide

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 $900. McKinley Tower Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,010. Here are the most affordable Midtown Anchorage apartments for rent in Anchorage, AK:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
McKinley Tower ApartmentsUnit G StudioStudio,1BA$1,010
College ViewStudioStudio,1BA$1,099
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
The Mallary2 Bed2BR,1BA$1,250

Best Value Apartments for Rent in Midtown Anchorage, AK

As of July 21, 2025 the best value apartment in the Midtown Anchorage area is the $1.54 price per square foot 1404 E 11th Ave Model at 1404 E 11th Ave, Unit B in the in the Government Hill neighborhood starting from $2,150. The second greatest value Midtown Anchorage apartment is the CS - 2 Bedroom Model at Creekside Terrace starting at $1,700 with a $1.39 price per square foot in the Downtown Anchorage 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.
1404 E 11th Ave, Unit B1404 E 11th Ave3BR,1BA$1.54
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.39
1402 W 27th Ave, Unit 81402 W 27th Ave3BR,1BA$1.33
Stephens Park3 Beds3BR,2BA$1.57
Brighton Park3x23BR,2BA$1.86
Town Square Manor Apartments2x2 9242BR,2BA$1.92
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.59
AlpineOne Bedroom1BR,1BA$1.82
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Midtown Anchorage, Anchorage, AK

Ranked #39

Among neighborhoods in Anchorage, AK for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Midtown Anchorage Neighborhood in Anchorage, AK

Walk Score®

70 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,405.

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

The cheapest apartment in Midtown Anchorage is College View which is listed at $1,129, while the average apartment in Midtown Anchorage costs $2,050.

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 5 regular apartments in Midtown Anchorage that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Midtown Anchorage?

Cheap apartments in Midtown Anchorage have an average cost of $1,100 which is $950 cheaper than the average rent for all rentals in Midtown Anchorage.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.