Low Income Apartments and Affordable Housing For Rent in Kenai Peninsula Borough, AK

Discover affordable housing in Kenai Peninsula Borough where there are 22+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Conifer Woods Apartments

4014 Ben Walters Ln, Homer, Alaska 99603

bed 1-2
payment $881-980/mo.
switch_access_shortcut Short Wait
elderly Senior

Northwood Retirement Apartments

190 W Park Ave, Soldotna, Alaska 99669

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

Kimberly Court Apartments

1821 Swetmann Ave, Seward, Alaska 99664

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Woodridge Apartments

903 cook Ave, Kenai, Alaska 99611

bed 1-2
switch_access_shortcut Short Wait

Laurawood Arms

131 Shady Ln, Soldotna, Alaska 99669

bed 1
switch_access_shortcut Short Wait

Bayside Apartments

1011 4th St, Seward, Alaska 0

bed 1-3
payment Subsidized

Bayview Apartments

214 6th Ave, Seward, Alaska 99664

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Gateway Apartments

1810 Phoenix Rd, Seward, Alaska 0

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Parkview

338 Columbine St, Soldotna, Alaska 99669

switch_access_shortcut Short Wait
accessibility Accessible

Northwood Apartments

190 Parkwood Cir, Soldotna, Alaska 99669

switch_access_shortcut Short Wait
accessibility Accessible

East End Cottages

41718 Crested Crane St, Homer, Alaska 99603

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible

Tyee Court

346 Tyee ST, Soldotna, Alaska 99669

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Parkview Apartments

334 Columbine St, Soldotna, Alaska 99669

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Glacier View Apartments

200 Lowell Canyon Rd, Seward, Alaska 99664

payment Subsidized

Aurora Commons

322 Tyee St, Soldotna, Alaska 99669

accessibility Accessible

16882 Deerfield St

16882 Deerfield St, Ninilchik, Alaska 99639

bed 3
payment $1695/mo.

445 Baleen Ave Unit 2

445 Baleen Ave Unit 2, Kenai, Alaska 99611

bed 2
payment $1200/mo.

Pacific Park

106 Caines, Seward, Alaska 99664

switch_access_shortcut Short Wait
accessibility Accessible

Harbor Ridge Apartments

4047 Main St, Homer, Alaska 99603

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Aurora Vista I Apartments

104 N Gill St, Kenai, Alaska 99611

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Kenai Peninsula Borough, Alaska

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Kenai Peninsula Borough, Alaska
$24.64/hour
$12.91 (+110%) more than Alaska minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Kenai Peninsula Borough, Alaska Affordable Housing ↓

How many renters live in Kenai Peninsula Borough, Alaska?

The County of Kenai Peninsula Borough has people living in households.

There are renters living in renter households in this County. Renters make up 21.51 percent of the population living in Kenai Peninsula Borough.

What is the rental market like in Kenai Peninsula Borough, Alaska?

There are an estimated housing units in the Kenai Peninsula Borough area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Kenai Peninsula Borough, Alaska, there are 1.08 rental units.

What is the vacancy rate for rentals in Kenai Peninsula Borough?

The rental vacancy rate in Kenai Peninsula Borough is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Kenai Peninsula Borough for each bedroom size?

Occupied Rental Units by Size in Kenai Peninsula Borough
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
289 1,108 2,198 1,512 212
Occupied Rental Units by Size in Kenai Peninsula Borough

A large number of apartments in Kenai Peninsula Borough have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Kenai Peninsula Borough

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $984 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $984
One BR $990
Two BR $1,301
Three BR $1,833
Four BR $2,090
2024 Fair Market Rents in Kenai Peninsula Borough, Alaska

How many units are rented at Fair Market Rent (FMR) in Kenai Peninsula Borough?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 161 56 percent
One BR 698 63 percent
Two BR 1,280 58 percent
Rental Units Below FMR in Kenai Peninsula Borough, Alaska

How many affordable rental units are in Kenai Peninsula Borough?

There are a variety of federal affordable housing programs serving households in Kenai Peninsula Borough, Alaska including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Kenai Peninsula Borough, Alaska

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Kenai Peninsula Borough, Alaska

Kenai Peninsula Borough features 364 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Kenai Peninsula Borough, Alaska

There are 70 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kenai Peninsula Borough.

Housing Choice Vouchers in Kenai Peninsula Borough, Alaska

On average, Section 8 Housing Choice vouchers pay Kenai Peninsula Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Kenai Peninsula Borough.

The maximum amount a voucher would pay on behalf of a low-income tenant in Kenai Peninsula Borough, Alaska for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.