8480 Jewel Lake Rd
AnchorageAK99502
Cheap Homes for Rent in Kenai, AK from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Kenai.
69160 Melody Way
Anchor PointAK99556
831 P St
AnchorageAK99501
24772 Amber Dr
KasilofAK99610
6140 Collins Way
AnchorageAK99502
7446 Foxridge Way
AnchorageAK99518
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Kenai, AK Local Guide
Mouth of the river by Amy Meredith is licensed under CC BY 2.0
How much does it cost to rent a home in Kenai?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kenai 2 Bedroom Homes for Rent | $2,007 | $1,500 | $3,200 |
| Kenai 3 Bedroom Homes for Rent | $2,582 | $1,800 | $3,200 |
| Kenai 4 Bedroom Homes for Rent | $3,398 | $2,400 | $4,200 |
| Kenai 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
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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. College View in the University Area neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. 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 |
| College View | Studio | Studio,1BA | $1,120 |
| Castle | Studio small | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Kenai, AK and Nearby
As of March 24, 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 |
| Martha's Vineyard | 1910 Martha's Vineyard Cir 1 | 3BR,1BA | $1.72 |
| 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 |
| Taiga | One Bedroom | 1BR,1BA | $1.98 |
| 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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Frequently Asked Questions about Kenai
What type of rentals are currently available in Kenai?
There are currently 54 Apartments for Rent in Kenai, AK with pricing that ranges from $900 to $2,917. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kenai ranging from $1,000 to $4,200.
What is the current price range for Rental Homes in Kenai?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Kenai ranges from $1,000 to $4,200 with an average monthly rent of $2,468.
How much are larger Three and Four Bedroom Rentals in Kenai?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Kenai range from $1,650 to $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,050.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.