4

Kenai, AK Homes for Rent

Section Image
  • /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
  • /11

    $1,475 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1701 B Aliak Dr Unit 1, Kenai, AK 99611

    1701 B Aliak Dr Unit 1, Kenai, AK 99611
  • /19

    $1,425 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1501 Stellar Dr Unit 14, Kenai, AK 99611

    1501 Stellar Dr Unit 14, Kenai, AK 99611
  • /28

    $2,000 Per Month

    • 2 Beds
    • 2.5 Baths
    • 3,000 Sq Ft
    • SEASONAL OCEANFRONT HOME

    36805 Chinulna Dr, Kenai, AK 99611

    Endless views in this fully furnished 2BD 2.5BA home. Property is available on a monthly basis starting April 27th through June 21st 2026. Rental rate of $2000 plus tenant responsible for gas, electric, trash and snow removal. Internet available on site for flat monthly fee. Property features updated like-new kitchen, sauna and breathtaking views. No garage access and additional bedrooms in the

    36805 Chinulna Dr, 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 $1,475 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 Kenai, AK?
To comfortably afford the median rent in Kenai, AK, a household needs to earn roughly $59,000 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 $1,475 per month in Kenai, AK, renters typically need to show $4,425 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 19.8, 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.

Rental Trends in Kenai, AK

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,475
Median Single Family Home Rent
$1,795
Median Townhouse Rent
$1,130
Median Condo Rent
$1,425
How to Rent a Home