Cheap Apartments for Rent in Kenai, AK from $900 (26 Rentals)

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

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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Arctic Gardens
1 to 3 Bedroom Apartments

Arctic Gardens

7211 Meadow StAnchorage, AK 99507
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Castle
Studio to 2 Bedroom Apartments

Castle

915 W 27th AveAnchorage, AK 99503

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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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing
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Susitna Ridge
Studio to 2 Bedroom Apartments

Susitna Ridge

1601 Medfra StAnchorage, AK 99501
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Continental
Studio to 2 Bedroom Apartments

Continental

3321 Eureka StAnchorage, AK 99503
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City View
Studio to 2 Bedroom Apartments

City View

230 W 14th AveAnchorage, AK 99501
Corporate Housing

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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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503
Showing Results 1-26, 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 Panoramic View in the Government Hill neighborhood priced from $925. Castle in the Spenard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Kenai apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Panoramic ViewStudioStudio,1BA$925
CastleStudio X smallStudio,1BA$1,100
Northwind Apartments2nd floor StudioStudio,1BA$1,125
The Outlook ApartmentsStudio ApartmentStudio,1BA$1,125
Bay Arms1x11BR,1BA$1,150
College ViewStudioStudio,1BA$1,160
The Mallary1 Bed1BR,1BA$1,175
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
Susitna RidgeStudioStudio,1BA$1,245
The GreenbriarStudioStudio,1BA$1,280

Best Value Apartments for Rent in Kenai, AK and Nearby

As of January 22, 2026 the best value apartment in the Kenai area is the $1.38 price per square foot CS - 2 Bedroom Model at Creekside Terrace in the in the Downtown Anchorage neighborhood starting from $1,695. The second greatest value Kenai apartment is the 2x2 Model at Admirals Cove starting at $2,245 with a $2.04 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.
Creekside TerraceCS - 2 Bedroom2BR,1BA$1.38
Admirals Cove2x22BR,2BA$2.04
Stephens Park2 Bed2BR,1BA$1.56
Town Square Manor Apartments2x2 9242BR,2BA$1.92
Green Tree Apartments1 bedroom bottom1BR,1BA$1.73
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
Northwind Apartments2nd floor StudioStudio ,1BA$1.73
The Mallary1 Bed1BR,1BA$1.98
Bay Arms1x11BR,1BA$1.98
Panoramic ViewStudioStudio ,1BA$2.06

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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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.

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Kenai, AK

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

Explore Kenai, AK Rentals by Map

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See the most popular apartments and homes in 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 Panoramic View listed at $925.

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

The lowest price for a Cheap One Bedroom Kenai Apartment is $1,050 at Panoramic View.

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 $1,235 at Panoramic View.

What is the most affordable Kenai Three Bedroom Apartment?

The best deal on a cheap Kenai Three Bedroom Apartment rental is at Martha's Vineyard and starts from $2,000.

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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.