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


327 Meridian Ave

72460 Norwegian Wds Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

32474 Moat Way

2507 Cedar St

37909 Hall Rd
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.
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 | $2,375 | $1,700 | $3,500 |
| Kenai Peninsula Borough 3 Bedroom Homes for Rent | $2,683 | $1,500 | $3,800 |
Browse Homes for Rent in Kenai Peninsula Borough
Explore Kenai Peninsula Borough
Cheapest Available Kenai Peninsula Borough Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bay Arms | 1x1 | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Kenai Peninsula Borough, AK
As of July 12, 2026 the best value apartment in the Kenai Peninsula Borough area is the $1.25 price per square foot 24771 Amber Drive Model at 24771 Amber Drive, Unit 2BR Apartment in the starting from $1,250. The second greatest value Kenai Peninsula Borough apartment is the 3101 Kachemak Dr Model at 3101 Kachemak Dr starting at $1,600 with a $1.78 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. |
|---|---|---|---|
| 24771 Amber Drive, Unit 2BR Apartment | 24771 Amber Drive | 2BR,1BA | $1.25 |
| 3101 Kachemak Dr | 3101 Kachemak Dr | 1BR,2BA | $1.78 |
| Bay Arms | 1x1 | 1BR,1BA | $1.73 |
Frequently Asked Questions about Kenai Peninsula Borough
What type of rentals are currently available in Kenai Peninsula Borough?
There are currently 50 Apartments for Rent in Kenai Peninsula Borough, AK with pricing that ranges from $1,400 to $3,000. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kenai Peninsula Borough ranging from $650 to $3,800.
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 $650 to $3,800 with an average monthly rent of $1,889.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.