58 Cheap Apartments for rent in Honolulu, HI

Last updated January 17 at 7:08pm UTC
412 N Kuakini St
Liliha - Kapalama
Honolulu, HI
Updated January 13 at 2:13am UTC
1 Bedroom
$1,095
4910 Maunalani Circle
Kaimuki
Honolulu, HI
Updated January 4 at 2:10am UTC
1 Bedroom
$1,500
1554 Liholiho Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated January 14 at 1:27am UTC
2 Bedrooms
$1,450
2756 Rooke Ave
Liliha - Kapalama
Honolulu, HI
Updated January 17 at 2:15am UTC
1 Bedroom
$1,245
825 Olokele Avenue
Diamond Head - Kapahulu - St. Louis
Honolulu, HI
Updated January 3 at 11:40am UTC
1 Bedroom
$1,200
2140 10th Ave
Palolo
Honolulu, HI
Updated January 14 at 2:02am UTC
Studio
$1,100
1700 Ala Moana Boulevard
Waikiki
Honolulu, HI
Updated January 10 at 1:11pm UTC
Studio
$1,550
1615 Ala Mahina Pl
Moanalua
Honolulu, HI
Updated January 13 at 11:57am UTC
1 Bedroom
$1,500
1837 Young Street
Mccully - Moiliili
Honolulu, HI
Updated January 3 at 11:42am UTC
2 Bedrooms
$1,500
914 Punahou Street
Mccully - Moiliili
Honolulu, HI
Updated January 3 at 11:40am UTC
1 Bedroom
$1,200
1830 Punahou Street
Manoa
Honolulu, HI
Updated January 12 at 9:51am UTC
2 Bedrooms
$1,500
1712 Poki St
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated January 13 at 2:13am UTC
2 Bedrooms
$1,345
445 Kaiolu Street
Waikiki
Honolulu, HI
Updated January 5 at 1:53am UTC
Studio
$1,300
1146 Alohi Way
Ala Moana - Kakaako
Honolulu, HI
Updated January 9 at 9:45am UTC
1 Bedroom
$1,300
1718 ANAPUNI ST., #604
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated January 13 at 11:59am UTC
Studio
$1,350
1560 Thurston Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated January 17 at 9:38am UTC
Studio
$1,550
2465 Kuhio Avenue
Waikiki
Honolulu, HI
Updated January 10 at 1:10pm UTC
Studio
$1,500
2653 Rooke Avenue
Liliha - Kapalama
Honolulu, HI
Updated January 15 at 9:20am UTC
2 Bedrooms
$1,300
2888 Ala Ilima St. #611
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated January 17 at 11:40am UTC
1 Bedroom
$1,350
2888 Ala Ilima Street
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated January 17 at 7:08pm UTC
1 Bedroom
$1,350
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January 2018 Honolulu Rent Report

Welcome to the January 2018 Honolulu Rent Report. Honolulu rents declined over the past month. In this report, we'll evaluate trends in the Honolulu rental market, including comparisons to similar cities nationwide.

View full Honolulu Rent Report
Rent Report
Honolulu

January 2018 Honolulu Rent Report

Welcome to the January 2018 Honolulu Rent Report. Honolulu rents declined over the past month. In this report, we'll evaluate trends in the Honolulu rental market, including comparisons to similar cities nationwide.

Honolulu rents declined over the past month

Honolulu rents have declined 1.4% over the past month, and are down significantly by 2.1% in comparison to the same time last year. Currently, median rents in Honolulu stand at $1,550 for a one-bedroom apartment and $2,060 for a two-bedroom. This is the fourth straight month that the city has seen rent decreases after an increase in August. Honolulu's year-over-year rent growth lags the state average of -1.0%, as well as the national average of 2.8%.

Many large cities nationwide show more affordable rents compared to Honolulu

As rents have fallen significantly in Honolulu, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Honolulu is less affordable for renters.

  • Honolulu's median two-bedroom rent of $2,060 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.1% decline in Honolulu.
  • While rents in Honolulu fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • 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.