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Cheap Apartments for Rent in Kenai, AK from $900 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Kenai.
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$925 - $1,225Studio to 2 Bedroom Apartments Available Now
Panoramic View
787 Elm StAnchorage, AK 99501
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$1,010 - $1,450Studio to 1 Bedroom Apartments Available Now
McKinley Tower Apartments
337 E 4th AveAnchorage, AK 99501
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$1,100 - $2,395Studio to 2 Bedroom Apartments Available Now
Creekside Manor
7545 Foxridge WayAnchorage, AK 99518
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$1,125 - $1,300Studio to 1 Bedroom Apartments Available Now
Northwind Apartments
524 E 11th AveAnchorage, AK 99501
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$1,160 - $1,460Studio to 2 Bedroom Apartments Available Now
College View
3501 E 42nd AveAnchorage, AK 99508
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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$1,225 - $2,0501 to 4 Bedroom Apartments Available Now
Chester Park Estate
1019 E 20th AveAnchorage, AK 99501
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$1,260 - $1,4151 to 2 Bedroom Apartments Available Now
Central Park Apartments
2300 D StAnchorage, AK 99503
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$1,275 - $1,725Studio to 2 Bedroom Apartments Available Now
Alpine
5215 Mockingbird DrAnchorage, AK 99507
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$1,280 - $1,815Studio to 2 Bedroom Apartments Available Now
The Greenbriar
4318 Vance DrAnchorage, AK 99508
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$1,285 - $1,5252 Bedroom Apartments Available Now
Hampstead Heath
6641 Hampstead DrAnchorage, AK 99518
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$1,315 - $2,1191 Bedroom Apartments Available Now
The Club at Eagle Point
5640 Lake Otis PkyAnchorage, AK 99507
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$1,3251 Bedroom Apartments Available Now
Green Tree Apartments
1500 Russian Jack DrAnchorage, AK 99508
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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Rent Specials
$1,360 - $1,810Studio to 2 Bedroom Apartments Available Now
Terrace on the Lake
2421 Bentzen CirAnchorage, AK 99517
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$1,395 - $1,6851 to 3 Bedroom Apartments Available Now
Russian Jack
4545 Reka DrAnchorage, AK 99508
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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.
38885 Leilani St
SterlingAK99672
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35925 Sabaca Rd
SoldotnaAK99669
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8480 Jewel Lake Rd
AnchorageAK99502
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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.
8831 Cordell Cir
AnchorageAK99502
65590 Nikolaevsk Rd
Anchor PointAK99556
Showing Results 1-30, Page 1 of 1
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 an apartment in Kenai?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Kenai Studio Apartments | $1,400 | $925 | $2,025 |
| Cheap Kenai 1 Bedroom Apartments | $1,718 | $1,050 | $2,917 |
| Cheap Kenai 2 Bedroom Apartments | $1,894 | $1,175 | $3,230 |
| Cheap Kenai 3 Bedroom Apartments | $2,192 | $1,650 | $2,850 |
| Cheap Kenai 4 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
Browse Top Apartments in Kenai
See all Apartments in KenaiExplore Kenai
Kenai, AK Local Guide
- Nearby Cities
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Cheapest Available Kenai Apartments for Rent
The cheapest available apartment rental in Kenai, AK is a Studio unit found at Panoramic View in the Government Hill neighborhood priced from $925. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panoramic View | Studio | Studio,1BA | $925 |
| Merrill Crossing | Studio | Studio,1BA | $950 |
| McKinley Tower Apartments | Unit J Studio | Studio,1BA | $1,010 |
| Castle | Studio X small | Studio,1BA | $1,100 |
| Northwind Apartments | 2nd floor Studio | Studio,1BA | $1,125 |
| Bay Arms | 1x1 | 1BR,1BA | $1,150 |
| College View | 1 bedroom | 1BR,1BA | $1,220 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,1BA | $1,225 |
| Susitna Ridge | Studio | Studio,1BA | $1,235 |
| Central Park Apartments | 1 bedroom Floor Plan C | 1BR,1BA | $1,260 |
Best Value Apartments for Rent in Kenai, AK
As of December 08, 2025 the best value apartment in the Kenai area is the $1.41 price per square foot 2B/2B Model at Mariners View in the in the Government Hill neighborhood starting from $2,000. The second greatest value Kenai apartment is the 2 Bed Model at Stephens Park starting at $1,525 with a $1.56 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mariners View | 2B/2B | 2BR,2BA | $1.41 |
| Stephens Park | 2 Bed | 2BR,1BA | $1.56 |
| Town Square Manor Apartments | 2x2 924 | 2BR,2BA | $1.92 |
| Tudor Park Apartments | 2bedroom Bottom Floor | 2BR,1BA | $1.63 |
| Hampstead Heath | 2 Bed | 2BR,1BA | $1.61 |
| The Mallary | 2 Bed | 2BR,1BA | $1.75 |
| Green Tree Apartments | 1 bedroom bottom | 1BR,1BA | $1.73 |
| Northwind Apartments | 2nd Floor 1 bedroom | 1BR,1BA | $1.79 |
| Bay Arms | 1x1 | 1BR,1BA | $1.69 |
| Chester Park Estate | 1BD/1BA- Floorplan A | 1BR,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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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.
Read ArticleQuick 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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Best Local Schools in Kenai, AK
Mt. View Elementary
Kenai Peninsula Borough School District
Public School - Grades PK-5 (403)
8 out of 10
Kenai Central High School
Kenai Peninsula Borough School District
Public School - Grades 9-12 (463)
6 out of 10
Kenai Middle School
Kenai Peninsula Borough School District
Public School - Grades 6-8 (411)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Kenai, AK Rentals by Map
See the most popular apartments and homes in Kenai, AK
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 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 $1,175 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
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.