
Cheap Apartments for Rent in the Midtown Neighborhood of Anchorage, AK from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown area of Anchorage.


700 W 45th Ave
Midtown, Anchorage, AK Local Guide

How much does it cost to rent an apartment in Midtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Midtown Studio Apartments | $1,161 | $1,025 | $1,280 |
Midtown 1 Bedroom Apartments | $1,369 | $1,100 | $2,370 |
Midtown 2 Bedroom Apartments | $1,536 | $1,285 | $1,795 |
Midtown 3 Bedroom Apartments | $2,237 | $1,875 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Midtown Neighborhood of Anchorage, AK.
See all Apartments in AnchorageExplore Anchorage
Midtown, Anchorage, AK Local Guide
- Nearby Anchorage neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Midtown Apartments for Rent
 The cheapest available apartment rental in the Midtown area of Anchorage, AK is a Studio unit found at Castle priced from $1,045. College View has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here are the most affordable Midtown apartments for rent in Anchorage, AK:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Castle | Studio X small | Studio,1BA | $1,045 |
College View | Studio | Studio,1BA | $1,120 |
The Mallary | 1 Bed | 1BR,1BA | $1,150 |
Terrace on the Lake | Blue Winged Teal | Studio,1BA | $1,210 |
Continental | 1 BR | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Midtown, AK
As of March 10, 2025 the best value apartment in the Midtown area is the $2.15 price per square foot 1499 W 40th Ave Model at 1499 W 40th Ave, Unit 1499 in the in the Spenard neighborhood starting from $2,600. The second greatest value Midtown apartment is the 3 Beds Model at Stephens Park starting at $1,875 with a $1.57 price per square foot in the University Area neighborhood. Here is today’s list of the best values for Midtown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1499 W 40th Ave, Unit 1499 | 1499 W 40th Ave | 3BR,2BA | $2.15 |
Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
Strawberry Lane | Two Bedroom One Bath (B) | 2BR,1BA | $2.04 |
Nicole Apartments | Flat | 1BR,1BA | $1.71 |
301 E 46th Ave, Unit 3 | 301 E 46th Ave | 2BR,1BA | $2.13 |
Central Park Apartments | 1 bedroom Floor Plan C | 1BR,1BA | $1.94 |
The Mallary | 1 Bed | 1BR,1BA | $1.94 |
Continental | 1 BR | 1BR,1BA | $2.32 |
Alpine | Studio | Studio ,1BA | $2.83 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleMidtown, Anchorage, AK
Ranked #24
Among neighborhoods in Anchorage, AK for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Midtown Apartments
What is the Cheapest Studio apartment in Midtown?
Currently the most affordable Cheap Studio Apartment in Midtown is at Castle listed at $1,045.
How much is rent for a Cheap One Bedroom Midtown Apartment?
The lowest price for a Cheap One Bedroom Midtown Apartment is $1,150 at The Mallary.
What is the lowest price for a Cheap Two Bedroom Midtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Midtown is starting from $1,285 at Hampstead Heath.
What is the most affordable Midtown Three Bedroom Apartment?
The best deal on a cheap Midtown Three Bedroom Apartment rental is at Stephens Park and starts from $1,875.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.