
Cheap Homes for Rent in Kenai Peninsula Borough, AK from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Kenai Peninsula Borough.


49144 Shadura Rd

36230 Funny River Stub
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.

35650 Southern Bluff St

36254 Kenai Spur Hwy

23031 Cohoe Loop Rd
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.

36805 Chinulna Dr
Kenai Peninsula Borough, AK Local Guide

How much does it cost to rent a home in Kenai Peninsula Borough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kenai Peninsula Borough 2 Bedroom Homes for Rent | $2,046 | $1,275 | $2,950 |
| Kenai Peninsula Borough 3 Bedroom Homes for Rent | $2,700 | $2,000 | $3,500 |
| Kenai Peninsula Borough 4 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in Kenai Peninsula Borough
Explore Kenai Peninsula Borough
Best Value Apartments for Rent in Kenai Peninsula Borough, AK
As of February 26, 2026 the best value apartment in the Kenai Peninsula Borough area is the $1.18 price per square foot 36246 Irelands Way Cir Model at 36246 Irelands Way Cir, Unit 1 in the starting from $1,885. The second greatest value Kenai Peninsula Borough apartment is the 36185 Dawn Dr Model at 36185 Dawn Dr, Unit 2-PLex starting at $1,285 with a $1.29 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. |
|---|---|---|---|
| 36246 Irelands Way Cir, Unit 1 | 36246 Irelands Way Cir | 3BR,2BA | $1.18 |
| 36185 Dawn Dr, Unit 2-PLex | 36185 Dawn Dr | 2BR,1BA | $1.29 |
| 3936 Svedlund St | 3936 Svedlund St | Studio ,1BA | $5.33 |
Frequently Asked Questions about Kenai Peninsula Borough
What type of rentals are currently available in Kenai Peninsula Borough?
There are currently 58 Apartments for Rent in Kenai Peninsula Borough, AK with pricing that ranges from $800 to $2,495. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kenai Peninsula Borough ranging from $1,250 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 $1,250 to $3,500 with an average monthly rent of $2,270.
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 $1,885 to $2,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $2,300.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.