Kerang is situated within an irrigation district which produces lucerne, grain and vegetable crops.
The commercial centre of Kerang is located along Wellington Street and Victoria Street, with a memorial clocktower located at the junction of those streets.
Kerang's information centre can be found at the Lester Smith Lookout Tower, located at the corner of Wellington Street and Shadforth Street. The tower was built in 1883 as a water storage and offers panoramic views of the area from the viewing area at the top.
Across the road in Atkinson Park is the Kerang Historical Museum which features relics of local history including farm machinery and cars.
The Loddon River runs through Kerang, offering good fishing. Lower Loddon Road Road follows the Loddon River north of town through farming and grazing land for several kilometres, crossing a weir at Pyramid Creek.
Grouped along the Murray Valley Highway are the Kerang Wetlands which feature over 50 lakes, swamps and lagoons stretching from Lake Boga in the north and to Kerang in the south. These wetlands are home to thousands of colourful and graceful water birds. Several of the larger lakes, including Kangaroo Lake and Lake Charm, are popular with visitors for watersports, boating and fishing. Gorton Drive, which runs along the western shore of Kangaroo Lake, is lined with jacaranda trees and citrus orchards and was named after former Australian Prime Minister Sir John Gorton who was born in the area. The Brown Brothers winemakers established a vineyard next to Kangaroo Lake in the 1960s, and they produce a number of exotic wines from their warm climate grape plantings.