1

Studio Apartment for Rent in Homer, AK

Section Image
  • /10

    $650 Per Month

    • Studio
    • 1 Bath
    • Townhouse for Rent

    1410 E St, Homer, AK 99603

    Cozy dry Cabin right in town, has heating, electricity and a shared outhouse. Will be available on September 1st. Utilities included Berkshire Hathaway HomeServices Alaska Realty is now accepting rental applications on behalf of the owner.These charming cabins are available for the summer only (April 1 - Sept 30). Each unit has a TV and WiFi Internet.Monthly rental is

    1410 E St, 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 $1,800 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and 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 $72,000 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 $1,800 per month in Homer, AK, renters typically need to show $5,400 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 21.1, 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
1
Median Rent
$1,800
Median Single Family Home Rent
$3,500
Median Townhouse Rent
$650
Median Condo Rent
$1,800
How to Rent a Home