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Homer, AK Homes for Rent

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    $3,200 Per Month

    • 3 Beds
    • 2.5 Baths
    • House for Rent

    38126 Bobby Rufus Rd, Homer, AK 99603

    Luxury Kilcher home with 3 bedrooms, 2 1/2 bathrooms, furnished. Tenant pays all utilities (electric, water, oil, lawn mowing and snow removal). Available now through June 15, 2025. Pet's on approval.

    38126 Bobby Rufus Rd, Homer, AK 99603
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    $2,400 Per Month

    • 3 Beds
    • 2 Baths
    • 1,550 Sq Ft
    • Townhouse for Rent

    41385 Ptarmigan Heights Dr, Homer, AK 99603

    Available Now 1 Year LeasePrivate Entrance into this Spacious & Bright 3 Bed/2 Bath 1,550 sq ft unit in the downstairs of this comfortable, well-maintained home in a serene and quiet Bear Creek setting.Security Deposit: $2,400Utilities Included (tenant pays WIFI/Cable and garbage removal)1 small dog considered with owner approval and a $650 pet fee.Listed through Bay Realty, IncContact us

    41385 Ptarmigan Heights Dr, Homer, AK 99603
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    $3,500 Per Month

    • 2 Beds
    • 2 Baths
    • 928 Sq Ft
    • House for Rent

    1177 Virginia Lynn Way, Homer, AK 99603

    Only available for the summer months!Lakeshore Cottage Unit H is a modern and stylish loft style 2-bedroom, 2-bath unit designed for comfort and convenience. Each bedroom offers direct access to the private outdoor deck. While the loft provides an abundance of storage or additional office space. Both bathrooms are out-fitted with double vanities. The primary bedroom includes an

    1177 Virginia Lynn Way, Homer, AK 99603

Why Live in Homer

Homer, located on the southwestern coast of Alaska’s Kenai Peninsula, is a small city known for its unique blend of coastal charm and convenience. Housing in Homer includes single-family cabins and ranch-style homes, many with bay views or nestled among spruce-covered hillsides. The Homer Spit, a narrow land extension into Kachemak Bay, has shops, galleries and boardwalks, contributing to the city's vibrant atmosphere. Renowned as the Halibut Fishing Capital of the World, Homer also boasts a rich array of world-class art, food and outdoor recreation. Residents enjoy activities such as hiking, fishing and kayaking, with Kachemak Bay State Park offering remote trails and glacier views. Bishop’s Beach and the Calvin & Coyle Trail provide scenic spots while Karen Hornaday Park hosts summer concerts and Little League games. The culinary scene is diverse, with options ranging from the bayside Captain Pattie’s Fish House to the inland AJ’s OldTown Steakhouse. Schools in the Kenai Peninsula Borough School District are highly rated. Cultural events such as the Kachemak Bay Shorebird Festival and Salmonfest highlight the community’s creative spirit. Despite its remote location, Homer is well-connected via the Sterling Highway, the Alaska Marine Highway ferry system and Homer Airport, ensuring easy travel within the region.

Frequently Asked Questions

How much does it cost to rent a home in Homer, AK?
The median rent for a home in Homer, AK is $2,650 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes 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 $106,000 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 $2,650 per month in Homer, AK, renters typically need to show $7,950 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 14.7, 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.

Rental Trends in Homer, AK

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$2,650
Median Single Family Home Rent
$3,500
Median Condo Rent
$1,800
How to Rent a Home