Of the 10 major Alaskan communities studied, the Kenai Peninsula Borough was the second cheapest for average rental prices.
The Alaska Department of Labor and Workforce Development says the average two-bedroom apartment in Kenai costs $872 a month, second only to the Wrangell Borough for cheap housing.
At the top of the list, the same type of apartment in Kodiak will cost around $1,300 month or $1,200 in Anchorage or Juneau.
The Kenai Peninsula also fell below most other communities when it comes to house prices; the Department says it takes Kenai Peninsula residents 1.1 paychecks to afford buying a house locally, compared to the 1.2 state average and 1.5 in Bethel. They estimated the average home cost is $243,474.