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58 Cheap Apartments for rent in Honolulu, HI

Last updated December 11 at 1:00pm UTC
1008 Kapiolani
Ala Moana - Kakaako
Honolulu, HI
Updated December 11 at 11:15am UTC
1 Bedroom
$1,200
1438 Liliha Street
Kalihi - Palama
Honolulu, HI
Updated December 11 at 1:00pm UTC
1 Bedroom
$1,400
2 Bedrooms
Ask
VILLAGE MALUHIA 1535 PENSACOLA STREET #1000
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 11 at 10:24am UTC
1 Bedroom
$1,550
2420 Kuhio Avenue
Waikiki
Honolulu, HI
Updated December 11 at 12:28pm UTC
Studio
Ask
1 Bedroom
$1,370
1617 Kapiolani Blvd Apt 802A
Ala Moana - Kakaako
Honolulu, HI
Updated December 11 at 5:38am UTC
Studio
$1,100
1 Bedroom
Ask
747 AMANA ST.,#713 PACIFIC GRAND
Ala Moana - Kakaako
Honolulu, HI
Updated December 8 at 10:20am UTC
Studio
$1,395
1561 Pensacola Street #1104
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 8 at 10:15am UTC
Studio
$1,400
1718 Anapuni Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 11 at 1:36am UTC
Studio
$1,200
1430 Wilder Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,200
441 Lewers Street
Waikiki
Honolulu, HI
Updated December 11 at 1:36am UTC
Studio
$1,400
1055 Kalo Place
Mccully - Moiliili
Honolulu, HI
Updated December 11 at 1:36am UTC
2 Bedrooms
$1,195
920 Kaheka Street
Ala Moana - Kakaako
Honolulu, HI
Updated December 11 at 1:36am UTC
2 Bedrooms
$1,295
1335 Wilder Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,195
5122 Likini Street
Aliamanu - Salt Lake - Foster Village
Honolulu, HI
Updated December 11 at 1:36am UTC
Studio
$1,350
2503 Ala Wai Boulevard
Waikiki
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,400
2238 Aulii Street
Liliha - Kapalama
Honolulu, HI
Updated December 11 at 1:36am UTC
2 Bedrooms
$1,575
455 Nohonani Street
Waikiki
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,200
1655 Makaloa Street
Ala Moana - Kakaako
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,500
1242 Matlock Avenue
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,575
1020 Green Street
Makiki - Lower Punchbowl - Tantalu
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,450
837 Kapahulu Avenue
Diamond Head - Kapahulu - St. Louis
Honolulu, HI
Updated December 11 at 1:36am UTC
2 Bedrooms
$1,500
1025 Kalo Pl #1104
Mccully - Moiliili
Honolulu, HI
Updated December 11 at 5:38am UTC
1 Bedroom
$1,395
1617 Clark Street
Manoa
Honolulu, HI
Updated December 11 at 1:36am UTC
1 Bedroom
$1,350
523 Panui Street
Liliha - Kapalama
Honolulu, HI
Updated December 11 at 1:36am UTC
3 Bedrooms
$1,300

December 2018 Honolulu Rent Report

Welcome to the December 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

December 2018 Honolulu Rent Report

Welcome to the December 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 decline sharply over the past month

Honolulu rents have declined 0.8% over the past month, and have decreased significantly by 2.3% in comparison to the same time last year. Currently, median rents in Honolulu stand at $1,530 for a one-bedroom apartment and $2,040 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Honolulu's year-over-year rent growth lags the state average of -1.6%, as well as the national average of 1.3%.

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 $2,040 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 2.3% decline in Honolulu.
  • While rents in Honolulu fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+3.2%), New York (+2.3%), and Denver (+1.9%).
  • 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.