Cheap Apartments for Rent in Kenai, AK from $900 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Kenai.

Showing Results 1-19, Page 1 of 1

Kenai, AK Local Guide

Cheapest Available Kenai Apartments for Rent and Nearby

 

The cheapest available apartment rental in Kenai, AK is a Studio unit found at Merrill Crossing in the Government Hill neighborhood priced from $900. Castle in the Spenard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here is today’s list of the most affordable Kenai apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Merrill CrossingStudioStudio,1BA$900
CastleStudio X smallStudio,1BA$1,045
College ViewStudioStudio,1BA$1,120
The Mallary1 Bed1BR,1BA$1,150
Northwind Apartments1 bedroom / 1st floor1BR,1BA$1,175

Best Value Apartments for Rent in Kenai, AK and Nearby

As of March 19, 2025 the best value apartment in the Kenai area is the $1.55 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,200. The second greatest value Kenai 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 Kenai apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mariners View2B/2B2BR,2BA$1.55
Stephens Park3 Beds3BR,2BA$1.57
Silver RidgeLatitude3BR,2BA$2.10
TaigaTwo Bedroom2BR,2BA$1.79
Hampstead Heath2 Bed2BR,1BA$1.61
Strawberry LaneTwo Bedroom One Bath (B)2BR,1BA$2.04
Northwind Apartments3rd Floor /Furnished Available1BR,1BA$1.79
The Mallary1 Bed1BR,1BA$1.94
The Outlook Apartments1 Bedroom Apartment1BR,1BA$2.15
Merrill CrossingStudioStudio ,1BA$2.09

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Kenai, AK

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Kenai, AK Rentals by Map

Decorative image of map

See the most popular apartments and homes in Kenai, AK

View MapKenai, AK Apartments MapView MapKenai, AK Rental Homes Map

Getting Around Kenai, AK

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Kenai Apartments

What is the Cheapest Studio apartment in Kenai?

Currently the most affordable Cheap Studio Apartment in Kenai is at Merrill Crossing listed at $900.

How much is rent for a Cheap One Bedroom Kenai Apartment?

The lowest price for a Cheap One Bedroom Kenai Apartment is $1,150 at The Mallary.

What is the lowest price for a Cheap Two Bedroom Kenai Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Kenai is starting from $1,285 at Susitna Ridge.

What is the most affordable Kenai Three Bedroom Apartment?

The best deal on a cheap Kenai 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.