
Cheap Apartments for Rent in Kenai Peninsula Borough, AK from $600 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in Kenai Peninsula Borough.


190 W Park Ave

35735 Cloverdale Cir

35126 Waterfront Way
Kenai Peninsula Borough, AK Local Guide

How much does it cost to rent an apartment in Kenai Peninsula Borough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kenai Peninsula Borough 1 Bedroom Apartments | $1,267 | $1,046 | $1,500 |
| Kenai Peninsula Borough 2 Bedroom Apartments | $1,481 | $995 | $1,950 |
| Kenai Peninsula Borough 3 Bedroom Apartments | $2,098 | $1,400 | $2,495 |
| Kenai Peninsula Borough 4 Bedroom Apartments | $2,250 | $2,200 | $2,300 |
Browse Apartments in Kenai Peninsula Borough
See all Apartments in Kenai PeninsulaExplore Kenai Peninsula Borough
Best Value Apartments for Rent in Kenai Peninsula Borough, AK
As of November 07, 2025 the best value apartment in the Kenai Peninsula Borough area is the $2.00 price per square foot 45941 Miller Loop Rd Model at 45941 Miller Loop Rd, Unit C in the starting from $1,400. The second greatest value Kenai Peninsula Borough apartment is the 3936 Svedlund St Model at 3936 Svedlund St, Unit Unit 4 starting at $1,500 with a $3.33 price per square foot . Here is today’s list of the best values for Kenai Peninsula Borough apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 45941 Miller Loop Rd, Unit C | 45941 Miller Loop Rd | 3BR,1BA | $2.00 |
| 3936 Svedlund St, Unit Unit 4 | 3936 Svedlund St | 1BR,1BA | $3.33 |
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

