$2,750 Per Month
- 3 Beds
- 2.5 Baths
- 1,771 Sq Ft
- Condo for Rent
1529 Pey Dr Unit 2, Kenai, AK 99611
Frequently Asked Questions
How much does it cost to rent a condo in Kenai, AK?
The median rent for a condo in Kenai, AK is $1,500 per month, though prices vary by neighborhood, size, and property type. As of August 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 Kenai, AK?
To comfortably afford the median rent in Kenai, AK, a household needs to earn roughly $80,000 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 $2,000 per month in Kenai, AK, renters typically need to show $6,000 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 Kenai, AK?
In Kenai, AK, the price-to-rent ratio is 14.6, 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.
