53 Cheap Apartments for rent in Honolulu, HI

Last updated September 25 at 6:05PM
3033 Ala Napuaa Pl. #507
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated September 22 at 10:44AM
1 Bedroom
$1,550
750 Amana Street
Ala Moana - Kakaako
Honolulu, HI
Updated September 21 at 12:50PM
Studio
$1,300
2100 Date Street
Mccully - Moiliili
Honolulu, HI
Updated September 15 at 2:35AM
Studio
$1,500
1655 Kewalo Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated September 25 at 6:05PM
1 Bedroom
$1,350
2888 Ala Ilima Street
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated September 25 at 9:25AM
Studio
$1,200
2634 nakookoo Street
Mccully - Moiliili
Honolulu, HI
Updated September 15 at 6:03PM
1 Bedroom
$1,400
1459 Pele St
Downtown Honolulu
Honolulu, HI
Updated September 24 at 9:40AM
1 Bedroom
$1,295
901 Prospect Street #202
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated September 22 at 10:38AM
1 Bedroom
$1,300
1550 Wilder Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated September 25 at 9:24AM
Studio
$1,250
1335 Wilder Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated September 8 at 3:30AM
1 Bedroom
$1,200
426 Namahana Street
Waikiki
Honolulu, HI
Updated September 13 at 10:19AM
1 Bedroom
$1,150
1717 Citron Street, #208
Mccully - Moiliili
Honolulu, HI
Updated September 8 at 10:07AM
1 Bedroom
$1,400
2740 Kuilei Street
Mccully - Moiliili
Honolulu, HI
Updated September 25 at 2:02AM
Studio
$1,400
1941 Church Lane
Mccully - Moiliili
Honolulu, HI
Updated September 22 at 10:01AM
1 Bedroom
$1,200
2543 Rose Street, Unit D
Kalihi - Palama
Honolulu, HI
Updated September 20 at 9:46AM
Studio
$995
711 Kamuela Ave. #202
Diamond Head - Kapahulu - St. Louis
Honolulu, HI
Updated September 8 at 10:45AM
Studio
$1,000
747 Amana Street
Ala Moana - Kakaako
Honolulu, HI
Updated September 25 at 9:25AM
Studio
$1,400
1314 S King Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated September 25 at 2:02AM
Studio
$1,441
225 Queen Street
Downtown Honolulu
Honolulu, HI
Updated August 29 at 2:49AM
1 Bedroom
$1,100
600 Ala Moana Blvd storage
Ala Moana - Kakaako
Honolulu, HI
Updated August 17 at 1:37AM
Studio
$75
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Rent Report
Honolulu

September 2017 Honolulu Rent Report

Welcome to the September 2017 Honolulu Rent Report. Honolulu rents increased over the past month. In this report, we'll evaluate trends in the Honolulu rental market, including comparisons to similar cities nationwide.

Honolulu rents increased significantly over the past month

Honolulu rents have increased 0.5% over the past month, and are up marginally by 1.0% in comparison to the same time last year. Currently, median rents in Honolulu stand at $1,590 for a one-bedroom apartment and $2,110 for a two-bedroom. Honolulu's year-over-year rent growth lags the state average of 1.5%, as well as the national average of 3.0%.

Many large cities nationwide show more affordable rents compared to Honolulu

Rent growth in Honolulu has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Honolulu is less affordable for renters.

  • Honolulu's median two-bedroom rent of $2,110 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.0% rise in Honolulu.
  • While rents in Honolulu remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will generally find more expensive prices in Honolulu than most large cities. For example, Detroit has a median 2BR rent of $890, where Honolulu is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.