59 Cheap Apartments for rent in Honolulu, HI

Last updated November 19 at 1:26am UTC
611 UNIVERSITY AVE #205
Mccully - Moiliili
Honolulu, HI
Updated November 9 at 12:21pm UTC
1 Bedroom
$1,450
3033 Ala Napuaa Pl. #507
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated November 9 at 12:09pm UTC
1 Bedroom
$1,500
412 N Kuakini St
Liliha - Kapalama
Honolulu, HI
Updated November 16 at 12:24pm UTC
1 Bedroom
$1,195
1635 Liholiho Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated November 18 at 1:35am UTC
1 Bedroom
$1,450
1663 Kewalo Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated November 3 at 2:32am UTC
1 Bedroom
$1,300
1662 Lewalani Drive
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 20 at 9:38am UTC
1 Bedroom
$1,195
2947 Kalakaua Avenue
Diamond Head - Kapahulu - St. Louis
Honolulu, HI
Updated November 19 at 1:26am UTC
Studio
$1,253
445 Kaiolu Street
Waikiki
Honolulu, HI
Updated November 11 at 5:13pm UTC
Studio
$1,300
1550 Wilder Avenue #A1304
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated November 18 at 11:18am UTC
Studio
$1,250
2525 Date Street
Mccully - Moiliili
Honolulu, HI
Updated November 18 at 5:24pm UTC
1 Bedroom
$1,475
578 Kamoku Street
Mccully - Moiliili
Honolulu, HI
Updated October 19 at 2:13am UTC
1 Bedroom
$1,150
2717 S King St
Mccully - Moiliili
Honolulu, HI
Updated November 16 at 12:24pm UTC
1 Bedroom
$1,295
2649 Varsity Place
Mccully - Moiliili
Honolulu, HI
Updated November 9 at 10:34am UTC
Studio
$900
775 Kinalau Pl #1201
Downtown Honolulu
Honolulu, HI
Updated November 18 at 11:16am UTC
1 Bedroom
$1,500
914 Punahou Street
Mccully - Moiliili
Honolulu, HI
Updated November 5 at 2:07am UTC
1 Bedroom
$1,300
747 Amana Street
Ala Moana - Kakaako
Honolulu, HI
Updated November 17 at 10:07am UTC
Studio
$1,400
2122 Lime Street
Mccully - Moiliili
Honolulu, HI
Updated November 9 at 10:34am UTC
1 Bedroom
$1,350
1419 Dominis Street #807
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated October 27 at 10:28am UTC
1 Bedroom
$1,100
2888 Ala Ilima Street
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated November 19 at 1:25am UTC
Studio
$1,300
2333 Kapiolani Boulevard
Mccully - Moiliili
Honolulu, HI
Updated November 9 at 5:11pm UTC
1 Bedroom
$900
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November 2017 Honolulu Rent Report

Welcome to the November 2017 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

November 2017 Honolulu Rent Report

Welcome to the November 2017 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 0.6% over the past month, but have remained steady at 0.4% in comparison to the same time last year. Currently, median rents in Honolulu stand at $1,580 for a one-bedroom apartment and $2,100 for a two-bedroom. This is the second 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 2.7%.

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 $2,100 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Honolulu.
  • While rents in Honolulu remained moderately stable this year, similar cities saw increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%); note that median 2BR rents in these cities go for $1,690, $1,020, and $1,100 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.