
Cheap Apartments for Rent in Kenai Peninsula Borough, AK from $600 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in Kenai Peninsula Borough.

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.
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.
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 | $1,224 | $1,046 | $1,400 |
Kenai Peninsula Borough 2 Bedroom Apartments | $2,006 | $1,300 | $3,000 |
Kenai Peninsula Borough 3 Bedroom Apartments | $2,035 | $1,575 | $2,495 |
Kenai Peninsula Borough 4 Bedroom Apartments | $1,937 | $1,575 | $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 August 24, 2025 the best value apartment in the Kenai Peninsula Borough area is the $3.00 price per square foot 145 S Kobuk St Model at 145 S Kobuk St, Unit 2 in the starting from $3,000. The second greatest value Kenai Peninsula Borough apartment is the 45941 Miller Loop Rd Model at 45941 Miller Loop Rd, Unit D starting at $1,300 with a $2.00 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. |
---|---|---|---|
145 S Kobuk St, Unit 2 | 145 S Kobuk St | 2BR,1BA | $3.00 |
45941 Miller Loop Rd, Unit D | 45941 Miller Loop Rd | 2BR,1BA | $2.00 |
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.