
Cheap Apartments for Rent in Kenai, AK from $900 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Kenai.


Arctic Gardens

Northwind Apartments

College View

Terrace on the Lake

Chester Park Estate

Susitna Ridge

Central Park Apartments

The Greenbriar

McKinley Tower Apartments

37650 Arabian Ln

69160 Melody Way

8480 Jewel Lake Rd

8630 Molanary Dr

3071 Lois Dr
Kenai, AK Local Guide

How much does it cost to rent an apartment in Kenai?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Kenai Studio Apartments | $1,343 | $900 | $2,025 |
Kenai 1 Bedroom Apartments | $1,609 | $1,075 | $2,917 |
Kenai 2 Bedroom Apartments | $1,792 | $1,285 | $2,875 |
Kenai 3 Bedroom Apartments | $2,070 | $1,650 | $2,850 |
Kenai 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
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Kenai, AK Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Merrill Crossing | Studio | Studio,1BA | $900 |
Castle | Studio X small | Studio,1BA | $1,045 |
Northwind Apartments | 3rd Floor | Studio,1BA | $1,075 |
The Outlook Apartments | Studio Apartment | Studio,1BA | $1,095 |
College View | Studio | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Kenai, AK and Nearby
As of March 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mariners View | 2B/2B | 2BR,2BA | $1.55 |
Stephens Park | 3 Beds | 3BR,2BA | $1.57 |
Taiga | Two Bedroom | 2BR,2BA | $1.79 |
Central Park Apartments | 2 Bedroom Floor Plan D | 2BR,1BA | $1.66 |
Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
Strawberry Lane | Two Bedroom One Bath (B) | 2BR,1BA | $2.04 |
Northwind Apartments | 3rd Floor /Furnished Available | 1BR,1BA | $1.79 |
McKinley Tower Apartments | NE Corner - high floor! | 1BR,1BA | $1.92 |
The Mallary | 1 Bed | 1BR,1BA | $1.94 |
Merrill Crossing | Studio | Studio ,1BA | $2.09 |
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Best Local Schools in Kenai, AK
Mt. View Elementary
Kenai Central High School
Kenai Middle School
School data provided by Great Schools
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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 Hampstead Heath.
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.

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.