5

Kenai, AK Homes for Rent

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  • /17

    $2,000 Per Month

    • 2 Beds
    • 1 Bath
    • 1,040 Sq Ft
    • Apartment for Rent

    45375 Kenai Spur Hwy, Kenai, AK 99611

    Enjoy breathtaking, endless views from this 2-bed, 1-bath in-law unit located just outside the Kenai City limits. Unit is furnished, including linens and cookware; the tenant is responsible for any additional amenities to suit their needs. Monthly rental rate is $2,000 plus $15 tax includes gas, heat, electricity, internet, snow removal, and trash service. Available July 10th for a 12-month lease.

    Mallory Musgrove Century 21 Realty Solutions Freedom Branch

    45375 Kenai Spur Hwy, Kenai, AK 99611
  • /15

    $2,750 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,771 Sq Ft
    • Condo for Rent

    1529 Pey Dr Unit 2, Kenai, AK 99611

    1529 Pey Dr Unit 2, Kenai, AK 99611
  • /13

    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,209 Sq Ft
    • House for Rent

    402 Haller St Unit C, Kenai, AK 99611

    2022 construction, very strong rental application before tenants are considered-NO PETS. Fenced, paved driveways and street. Washer, Dryer & Fridge in each unit. Shows as new! Just a minute from downtown Kenai and airport. No pets. Unit will look similar to what is shown in photos, photos may not be of this unit. One of Kenai's newest and nicest landscaped development.

    Fred Braun Jack White Real Estate Kenai

    402 Haller St Unit C, Kenai, AK 99611
  • /12

    $2,000 Per Month

    • 3 Beds
    • 2 Baths
    • LONG-TERM RENTAL

    46020 Fireweed Place, Kenai, AK 99611

    MOVE IN READY 3bd 2ba home located on Fireweed St off South Miller Loop Rd. Property has been recently updated throughout interior- new LVP flooring throughout, fresh paint and more! Owner will handle exterior landscaping clean up prior to tenant move in. Rental rate of $2000 a mo plus tenant responsible for gas, electric, internet, landscaping, snow removal and trash. Dogs considered on

    46020 Fireweed Place, Kenai, AK 99611
  • /18

    $2,000 Per Month

    • 2 Beds
    • 2 Baths
    • 1,124 Sq Ft
    • House for Rent

    206 Mckinley St Unit 4, Kenai, AK 99611

    2 bedroom 2 bath home built 2021, very strong rental application before tenants are considered. Landscaped, paved driveways and street. Just a minute from downtown Kenai and airport. NO PETS / NO SMOKING

    Fred Braun Jack White Real Estate Kenai

    206 Mckinley St Unit 4, Kenai, AK 99611

Why Live in Kenai

Kenai, located on the Kenai Peninsula in Alaska, offers a blend of outdoor adventures and everyday conveniences. The city is surrounded by mountains, ocean and rivers, making it a prime spot for fishing, boating and wildlife viewing. Residents enjoy year-round recreation with winter activities like cross-country skiing and ice fishing, and summer temperatures reaching around 65 degrees for hiking and fishing. The Cook Inlet and Kenai River are popular for catching king and sockeye salmon, while local parks such as Cunningham Park and Daubenspeck Family Park provide space for bank fishing and dog walking. There are indoor facilities like Kenai Recreation Center and the Kenai Multi-Purpose Facility. Housing range from single-family homes, including New Traditional, ranch-style and colonial-inspired houses, to condos and manufactured homes. Commercial centers are concentrated along Kenai Spur Highway, with stores like Three Bears and Safeway, and restaurants like Pizza Paradiso's and Louie’s Steak & Seafood. Community events are held throughout the year, including the kite festival at Millennium Square and the Kenai Fall Pumpkin Festival. Kenai Old Town offers a glimpse into local history with preserved buildings like the 19th-century Russian Orthodox Church. The area is part of the Kenai Peninsula Borough School District, with highly rated Cook Inlet Academy offering private K-12 education in nearby Soldotna. Residents travel along the Kenai Spur Highway, leading to Soldotna 11 miles away, and the Kenai Municipal Airport for flights to Anchorage, 160 miles northwest.

Frequently Asked Questions

How much does it cost to rent a home in Kenai, AK?
The median rent for a home in Kenai, AK is $2,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses 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 Kenai, AK?
To comfortably afford the median rent in Kenai, AK, a household needs to earn roughly $84,000 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 $2,100 per month in Kenai, AK, renters typically need to show $6,300 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 13.9, 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 Home Trends

Number of Homes for Rent
5
Median Rent
$2,100
Median Single Family Home Rent
$2,000
Median Townhouse Rent
$1,130
How to Rent a Home