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Apartments for Rent in Kenai Peninsula Borough, AK

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What to Know About

Life in Kenai Peninsula Borough & Beyond

Kenai Peninsula Borough shares many of the great qualities that make Alaska a desirable place to live.

Alaska is the largest state in the United States and is known for its natural beauty, rugged coastline, and wildlife. Learn about the state's rich history and traditions by visiting museums like the Anchorage Museum at Rasmuson Center and the Alaska Native Heritage Center, or pursue higher education at universities like the University of Alaska, Alaska Pacific University, and the University of Fairbanks. A diverse mix of industries, including oil, tourism, and fishing, drives Alaska's economy.

As a state known for its rugged wilderness and abundant wildlife, Alaska offers incredible opportunities for outdoor enthusiasts. From exploring glaciers and fjords to hunting and fishing in the vast wilderness, there's something for everyone. For sports fans, Alaska offers a range of exciting outdoor activities, including skiing, snowboarding, and ice hockey. Be sure to explore famous attractions like Denali National Park and Preserve, Kenai Fjords National Park, Chugach State Park, and the city of Juneau.

With its stunning natural beauty and strong economy, Alaska is a great place to live for those who enjoy outdoor recreation and a unique northern experience.

Rental Market Trends

Kenai Peninsula Borough, AK

As of October 2026, Kenai Peninsula Borough's rental market is balanced, with rentals spending about 23 days on the market, slower than in Alaska (21), and rents up 4.8% over the past year. Kenai Peninsula Borough's average rent is 5.5% ($111) lower than the Alaska average of $2,005 and 9.0% ($188) lower than the U.S. average of $2,082.

Average Rent
$1,894
Monthly ChangeMonth Over Month Change
Decreased0.05% ($1)
Yearly ChangeYear Over Year Change
Increased4.8% ($87)
Days on Market
23
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,341 Decreased0.37% ($5) Increased0.1% ($1)
2 Beds $1,663 Increased0.39% ($6) Increased2.5% ($41)
3 Beds $2,324 Decreased0.07% ($2) Increased5.7% ($126)
Cities within Kenai Peninsula Borough Average Rent Avg. Rent vs. Kenai PeninsulaAverage Rent vs. Kenai Peninsula Borough Days on Market
Kenai $1,939 Increased2.4% ($45) 21 days
Soldotna $1,845 Decreased2.6% ($49) 23 days
Sterling $1,762 Decreased7.0% ($132) 21 days
Anchor Point $1,738 Decreased8.2% ($156) 21 days
Kasilof $1,982 Increased4.6% ($88) 21 days
Based on rentals advertised on RentalSource in and around Kenai Peninsula Borough.
Frequently Asked Questions
Kenai Peninsula Borough Rental Market FAQs

Explore rental prices, market conditions, and affordability in Kenai Peninsula Borough, AK.

The average rent in Kenai Peninsula Borough, AK is about $1,894 per month.
In Kenai Peninsula Borough, the average rent is about $1,341 per month for a 1-bedroom apartment, about $1,663 for a 2-bedroom apartment and about $2,324 for a 3-bedroom apartment.
The average rent in Kenai Peninsula Borough is 9% ($188) lower than the national average of $2,082 per month.
The rental market in Kenai Peninsula Borough, AK is currently balanced, with rentals spending about 23 days on the market, slower than in Alaska (21), and rents up 4.8% over the past year.
Based on the current averages, a household would need an annual income of about $66,500 to comfortably afford a 2-bedroom apartment in Kenai Peninsula Borough.
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