Cheap Apartments for Rent in Kenai, AK from $700 (20 Rentals)

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

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

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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. College View in the University Area neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here is today’s list of the most affordable Kenai apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loussac SognStudio 1Studio,1BA$700
College ViewStudioStudio,1BA$1,099
CastleStudio X smallStudio,1BA$1,100
City ViewStudioStudio,1BA$1,220
The GreenbriarStudioStudio,1BA$1,225

Best Value Apartments for Rent in Kenai, AK and Nearby

As of June 22, 2025 the best value apartment in the Kenai area is the $1.57 price per square foot 3 Beds Model at Stephens Park in the in the Downtown Anchorage neighborhood starting from $1,875. The second greatest value Kenai apartment is the Longitude Model at Silver Ridge starting at $2,170 with a $2.28 price per square foot in the Campbell Park 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.
Stephens Park3 Beds3BR,2BA$1.57
Silver RidgeLongitude3BR,2BA$2.28
Martha's Vineyard1940 Martha's Vineyard Cir 22BR,1BA$2.06
Hampstead Heath2 Bed2BR,1BA$1.61
The Mallary2 Bed2BR,1BA$1.59
Tudor Park Apartments1 bed Bottom1BR,1BA$1.67
TaigaOne Bedroom1BR,1BA$2.04
Strawberry LaneTwo Bedroom One Bath (A)2BR,1BA$2.42
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83
The Outlook Apartments1 Bedroom Apartment1BR,1BA$2.19

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Best Local Schools in
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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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 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 $1,129 at College 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 $1,250 at The Mallary.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.