Average Rent in Kodiak Island Borough, AK↑ Rents rising 3.0% YoY🔺 4th priciest in AK
HUD FY2025 · Official government data · Updated annually · Metro pop. 12,878
Market Overview
Kodiak Island Borough, AK has rental prices ranging from $1,280/month to $2,474/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,422/month, near the national average. With a median household income of $83,716/year, spending $1,422/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.
How Kodiak Island Borough Compares
With an average 2-bedroom rent of $1,866/month, Kodiak Island Borough ranks #4 most expensive of the 34 cities tracked in Alaska — pricier than 97% of all US cities in our data.
The Kodiak Island Borough Rental Market
The Kodiak Island Borough, AK area has a population of about 12,878 and 39% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.
Rent Trends
2-bedroom rents in Kodiak Island Borough, AK have risen by $54/month (3.0%) over the past year, from $1,812 to $1,866. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Kodiak Island Borough, AK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $56,880. The local median household income of $83,716 exceeds that threshold by $26,836, making Kodiak Island Borough relatively accessible compared to local wages.
Economy & Jobs
Kodiak Island Borough, AK has an unemployment rate of 2.5%, 1.4 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2025Is Kodiak Island Borough, AK Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in AKlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Anchorage | $1,089 | $1,191 | $1,563 | $2,190 | — |
| Matanuska | $1,019 | $1,055 | $1,384 | $1,939 | — |
| Fairbanks | $1,144 | $1,272 | $1,669 | $2,339 | — |
| Kenai Peninsula Borough | $943 | $949 | $1,245 | $1,745 | — |
| Juneau City and Borough | $1,202 | $1,336 | $1,753 | $2,456 | — |
| Bethel Census | $1,640 | $1,650 | $1,900 | $2,289 | — |
Rent or Buy in Kodiak Island Borough?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Kodiak Island Borough data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Kodiak Island Borough
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Kodiak Island BoroughSalary needed to afford rent here
🗺️All Cities in AKSee how Kodiak Island Borough ranks statewide
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