FY2026 Fair Market Rents — Kenai Peninsula Borough
Studio
$993
1BR
$1,000
2BR
$1,312
3BR
$1,825
4BR
$2,201
Kenai Peninsula Borough, Alaska
FIPS 02122 · County-level FMR and income limit data
FMR Area: Kenai Peninsula Borough, AK
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $993 | $11,916 |
| 1-Bedroom | $1,000 | $12,000 |
| 2-Bedroom | $1,312 | $15,744 |
| 3-Bedroom | $1,825 | $21,900 |
| 4-Bedroom | $2,201 | $26,412 |
To afford the FY2026 2-bedroom FMR of $1,312/mo under the 30%-of-income rule, a household needs about
$52,480/yr ($4,373/mo). Area Median Income is $110,100.
At AK's state minimum wage of $13.00/hr, a worker would need to work 78 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $993 | $1,000 | $1,312 | $1,825 | $2,201 |
| FY2025 | $943 | $949 | $1,245 | $1,745 | $2,091 |
| FY2024 | $984 | $990 | $1,301 | $1,833 | $2,090 |
| FY2023 | $901 | $903 | $1,179 | $1,676 | $1,895 |
| FY2022 | $815 | $820 | $1,072 | $1,507 | $1,662 |
| FY2021 | $814 | $817 | $1,077 | $1,494 | $1,624 |
| FY2020 | $896 | $905 | $1,192 | $1,604 | $1,723 |
FY2026 Income Limits
Area Median Income: $110,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,150 | $27,050 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 |
| 80% AMI | $61,700 | $70,500 | $79,300 | $88,100 | $95,150 | $102,200 |