Cheap Apartments for Rent in Kenai, AK from $700 (43 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503
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Castle
Studio to 2 Bedroom Apartments

Castle

915 W 27th AveAnchorage, AK 99503
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Arctic Gardens
1 to 3 Bedroom Apartments

Arctic Gardens

7211 Meadow StAnchorage, AK 99507
  • Utilities Included
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Susitna Ridge
Studio to 2 Bedroom Apartments

Susitna Ridge

1601 Medfra StAnchorage, AK 99501
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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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City View
Studio to 2 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
Corporate Housing
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Terrace on the Lake
Studio to 2 Bedroom Apartments

Terrace on the Lake

2421 Bentzen CirAnchorage, AK 99517
Corporate Housing

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503
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Strawberry Lane
2 Bedroom Apartments

Strawberry Lane

2001 W 80th AveAnchorage, AK 99502

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-43, 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 Loussac Sogn in the Government Hill neighborhood priced from $700. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Kenai apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
Merrill CrossingStudioStudio,1BA$900
Panoramic ViewStudioStudio,1BA$975
ContinentalStudioStudio,1BA$1,050
CastleStudio X smallStudio,1BA$1,060
College ViewStudioStudio,1BA$1,170
The Club at Eagle PointEagles Nest1BR,1BA$1,179
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1,250
City ViewStudioStudio,1BA$1,270
Susitna Ridge1 BR1BR,1BA$1,275

Best Value Apartments for Rent in Kenai, AK and Nearby

As of April 24, 2026 the best value apartment in the Kenai area is the $1.90 price per square foot 2x2 Model at Admirals Cove in the in the Downtown Anchorage neighborhood starting from $2,095. The second greatest value Kenai apartment is the 2 bedroom singlewide Model at Four Seasons starting at $2,199 with a $2.15 price per square foot in the Downtown Anchorage 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.
Admirals Cove2x22BR,2BA$1.90
Four Seasons2 bedroom singlewide2BR,2BA$2.15
1101 Eagle St3 bed / 1 bath3BR,1BA$1.59
Town Square Manor Apartments2x2 9242BR,2BA$1.94
Chester Park Estate2BD/1BA- Floorplan B2BR,1BA$1.74
Northwind Apartments2nd Floor 1 bedroom1BR,1BA$1.63
TaigaOne Bedroom1BR,1BA$2.03
Central Park Apartments1 bedroom Floor Plan C1BR,1BA$2.05
45941 Miller Loop Rd, Unit D45941 Miller Loop Rd2BR,1BA$2.00
Merrill CrossingStudioStudio ,1BA$2.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Kenai, AK

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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 Loussac Sogn listed at $700.

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

The lowest price for a Cheap One Bedroom Kenai Apartment is $1,110 at Castle.

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 $1,175 at Panoramic View.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.