Homer, AK Condos for Rent

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$950 Per Month
- Studio
- 1 Bath
- 250 Sq Ft
- Condo for Rent
580 Waddell St Unit Studio, Homer, AK 99603

Property Id: 2101705 Compact and fully furnished studio in downtown Homer, available for a 6-7 month lease. Rent covers all utilities including high-speed Wi-Fi and winter plowing. Efficient space with everything you need, located steps from local businesses and the waterfront. No smoking. Pets OK with approval and deposit. RENT - all-inclusive. Message to learn more or

580 Waddell St Unit Studio, Homer, AK 99603
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$950 Per Month
- 1 Bed
- 1 Bath
- 525 Sq Ft
- Condo for Rent
580 Waddell St Unit 1 br 1 bath Unit, Homer, AK 99603

Property Id: 2101673 Fully furnished 1-bedroom unit available for a 6-7 month lease in downtown Homer. Includes all utilities: heat, electricity, water, Wi-Fi, and winter plowing. Comfortable, private space in a convenient location—walk to restaurants, shops, and the harbor. Ideal for a single tenant or couple. No smoking. Pets OK with approval and deposit. RENT -

580 Waddell St Unit 1 br 1 bath Unit, Homer, AK 99603

Alaska Kenai Peninsula County

Frequently Asked Questions

How much does it cost to rent a condo in Homer, AK?

The median rent for a condo in Homer, AK is $1,725 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.

How much do you need to make to afford rent in Homer, AK?

To comfortably afford the median rent in Homer, AK, a household needs to earn roughly $67,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,675 per month in Homer, AK, renters typically need to show $5,025 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Homer, AK?

In Homer, AK, the price-to-rent ratio is 22.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Homer, AK

There are currently 2 condos available for rent in Homer, AK. The median rent is $1,725 per month, with 1-bedroom condos renting at $1,500, 2-bedroom condos at $1,725 and 3-bedroom condos at $2,550.

Rental Home Trends

Number of Condos for Rent 2	Median Condo Rent $1,725
Median 1 Bedroom Condo Rent $1,500	Median 2 Bedroom Condo Rent $1,725
Median 3 Bedroom Condo Rent $2,550

How to Rent a Home

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