Cheap Homes for Rent in Kenai Peninsula Borough, AK from $700 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in Kenai Peninsula Borough.

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.

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.

Cheapest Available Kenai Peninsula Borough Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Bay Arms1x11BR,1BA$1,150

Best Value Apartments for Rent in Kenai Peninsula Borough, AK

As of December 16, 2025 the best value apartment in the Kenai Peninsula Borough area is the $1.98 price per square foot 1x1 Model at Bay Arms in the starting from $1,150. The second greatest value Kenai Peninsula Borough apartment is the 3936 Svedlund St Model at 3936 Svedlund St, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bay Arms1x11BR,1BA$1.98
3936 Svedlund St, Unit 43936 Svedlund St1BR,1BA$3.33

Frequently Asked Questions about Kenai Peninsula Borough

What type of rentals are currently available in Kenai Peninsula Borough?

There are currently 63 Apartments for Rent in Kenai Peninsula Borough, AK with pricing that ranges from $1,000 to $2,495. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kenai Peninsula Borough ranging from $725 to $3,500.

What is the current price range for Rental Homes in Kenai Peninsula Borough?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kenai Peninsula Borough ranges from $725 to $3,500 with an average monthly rent of $1,842.

How much are larger Three and Four Bedroom Rentals in Kenai Peninsula Borough?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kenai Peninsula Borough range from $1,650 to $2,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,275 and Four Bedroom Apartments start at $2,000.

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

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.