Cheap Apartments for Rent in Kenai, AK from $700 (51 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Arctic Gardens
1 to 3 Bedroom Apartments

Arctic Gardens

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

Continental

3321 Eureka StAnchorage, AK 99503
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The Outlook Apartments
Studio to 2 Bedroom Apartments

The Outlook Apartments

234 E 15th AveAnchorage, AK 99501
Corporate Housing

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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Taiga
1 to 3 Bedroom Apartments

Taiga

423 W 22nd AveAnchorage, AK 99503
property at 516 E 10th Ave

$1,525

2 Bedroom Rentals

Available Aug 10

516 E 10th Ave

AnchorageAK99501
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Strawberry Lane
2 Bedroom Apartments

Strawberry Lane

2001 W 80th AveAnchorage, AK 99502

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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Showing Results 1-50, Page 1 of 2

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 North Pointe Apartments in the Government Hill neighborhood priced from $950. Merrill Crossing in the Government Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Kenai apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Pointe Apartments0Studio,1BA$950
Merrill CrossingStudioStudio,1BA$950
CastleStudio X smallStudio,1BA$1,095
Panoramic View1 Bed1BR,1BA$1,100
College ViewStudioStudio,1BA$1,155
City ViewStudioStudio,1BA$1,170
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1,225
The Outlook Apartments1 Bedroom Apartment1BR,1BA$1,310
AlpineStudioStudio,1BA$1,330
The Club at Eagle PointEagles Nest1BR,1BA$1,347

Best Value Apartments for Rent in Kenai, AK and Nearby

As of July 25, 2026 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 2 bedroom singlewide Model at Four Seasons starting at $1,999 with a $1.95 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.
Mariners View2B/2B2BR,2BA$1.55
Four Seasons2 bedroom singlewide2BR,2BA$1.95
1101 Eagle St3 bed / 1 bath3BR,1BA$1.69
Martha's Vineyard1931 Martha's Vineyard Cir 42BR,1BA$1.89
Arctic Sun1x1 9001BR,1BA$1.59
Rancho TudorTwo Bedroom2BR,1BA$1.92
The Mallary2 Bed2BR,1BA$1.75
Tudor Park Apartments1 bed Bottom1BR,1BA$1.80
Green Tree Apartments1 bedroom 3rd floor1BR,1BA$1.80
Chester Park Estate1BD/1BA- Floorplan A1BR,1BA$1.83

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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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 North Pointe Apartments listed at $950.

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

The lowest price for a Cheap One Bedroom Kenai Apartment is $1,000 at Merrill Crossing.

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 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.