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73 Cheap Apartments for rent in Honolulu, HI

Last updated October 22 at 2:39pm UTC
444 Niu Street
Waikiki
Honolulu, HI
Updated October 22 at 2:39pm UTC
Studio
$1,500
1541 Dominis Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 22 at 2:39pm UTC
1 Bedroom
$1,500
2888 Ala Ilima Street
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated October 22 at 2:39pm UTC
Studio
$1,300
1554 Liholiho Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 22 at 2:38pm UTC
2 Bedrooms
$1,500
747 AMANA ST.,#713 PACIFIC GRAND
Ala Moana - Kakaako
Honolulu, HI
Updated October 22 at 12:49pm UTC
Studio
$1,450
3216 Olu Street
Diamond Head - Kapahulu - St. Louis
Honolulu, HI
Updated October 22 at 12:44pm UTC
1 Bedroom
$1,550
2002 Kula Street #A
Liliha - Kapalama
Honolulu, HI
Updated October 20 at 11:33am UTC
2 Bedrooms
$1,500
1541 DOMINIS STREET #1405
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 20 at 11:30am UTC
1 Bedroom
$1,450
1242 Makaloa St
Ala Moana - Kakaako
Honolulu, HI
Updated October 20 at 1:40am UTC
1 Bedroom
$1,245
1875 Kapiolani Boulevard
Mccully - Moiliili
Honolulu, HI
Updated October 19 at 6:51pm UTC
1 Bedroom
$1,150
1560 Kanunu St., #413
Ala Moana - Kakaako
Honolulu, HI
Updated October 19 at 11:28am UTC
Studio
$1,250
1735 Dole St. #309 Tiare Apts
Manoa
Honolulu, HI
Updated October 19 at 11:23am UTC
1 Bedroom
$1,350
455 Nohonani Street
Waikiki
Honolulu, HI
Updated October 19 at 10:29am UTC
1 Bedroom
$1,200
1718 Anapuni Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 19 at 2:50am UTC
Studio
$1,200
1130 Hassinger St
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 18 at 9:15pm UTC
1 Bedroom
$1,245
4137 Sierra Drive
Kaimuki
Honolulu, HI
Updated October 18 at 6:31pm UTC
Studio
$1,150
647 Kunawai Lane
Liliha - Kapalama
Honolulu, HI
Updated October 18 at 6:22pm UTC
1 Bedroom
$1,500
300 Wai Nani Way
Waikiki
Honolulu, HI
Updated October 18 at 2:21pm UTC
Studio
$1,500
2981 Ala Napuaa Place
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated October 18 at 2:19pm UTC
2 Bedrooms
$1,500
102 N Hotel St
Downtown Honolulu
Honolulu, HI
Updated October 18 at 6:21am UTC
1 Bedroom
$1,170
1447 Kewalo Street, #707
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 19 at 11:24am UTC
1 Bedroom
$1,495
2503 Ala Wai Boulevard
Waikiki
Honolulu, HI
Updated October 19 at 6:46am UTC
1 Bedroom
$1,400
1335 Wilder Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 18 at 11:46pm UTC
1 Bedroom
$1,250
855 Makahiki Way
Mccully - Moiliili
Honolulu, HI
Updated October 18 at 2:19pm UTC
1 Bedroom
$1,500

October 2018 Honolulu Rent Report

Welcome to the October 2018 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.

View full Honolulu Rent Report
Rent Report
Honolulu

October 2018 Honolulu Rent Report

Welcome to the October 2018 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, but are down moderately by 1.7% in comparison to the same time last year. Currently, median rents in Honolulu stand at $1,560 for a one-bedroom apartment and $2,080 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in June. Honolulu's year-over-year rent growth lags the state average of -1.1%, as well as the national average of 0.9%.

Many large cities nationwide show more affordable rents compared to Honolulu

As rents have fallen moderately 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 $2,080 is above the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 1.7% decline in Honolulu.
  • While rents in Honolulu fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.6%), Atlanta (+1.4%), and San Francisco (+1.1%).
  • 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.