Castle
915 W 27th Ave,
Anchorage, AK 99503
$1,060 - $1,450
Studio - 2 Beds
Resting on over 1.9 square miles of land, the Midtown neighborhood of Anchorage sits less than three miles directly south of the downtown Anchorage area. Just over 5,000 people call Midtown home, creating a population density of 2,600 people per square mile.
All of these people choose to live in Midtown for a number of reasons, including the affordable cost of living in the neighborhood, the close proximity to the downtown area and the bustling business district that offers many jobs. The St. Elias Specialty Hospital, in particular, provides hundreds of people with employment.
As of May 2026, the average apartment rent in Midtown Anchorage is $1,067 for a studio, $1,214 for one bedroom, $1,567 for two bedrooms, and $1,925 for three bedrooms. Apartment rent in Midtown Anchorage has increased by 0.1% in the past year.
Studio
364 sq ft
Average Sq Ft
$1,067/month
Average Rent
1 BR
620 sq ft
Average Sq Ft
$1,214/month
Average Rent
2 BR
889 sq ft
Average Sq Ft
$1,567/month
Average Rent
3 BR
975 sq ft
Average Sq Ft
$1,925/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Midtown Anchorage - Anchorage, AK is for everyday living.
Moderately Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Moderately Bikeable
Bikeability
Midtown Anchorage - Anchorage, AK offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
Good Restaurant Variety Nearby
Restaurants
Fair Café Variety Nearby
Cafes
Good Variety of Shops Nearby
Shopping
Get a sense of what it’s like to live in Midtown Anchorage - Anchorage, AK from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Fair Nightlife Variety Nearby
Nightlife
Not Noisy
Quiet Score
3,498
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.