Cheap Apartments for Rent in Honolulu, HI from $500 (48 Rentals)

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2551 Kapiolani Blvd
Studio Apartments

2551 Kapiolani Blvd

2551 Kapiolani BlvdHonolulu, HI 96826
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2048 Kapiolani Blvd
1 Bedroom Apartments

2048 Kapiolani Blvd

2048 Kapiolani BlvdHonolulu, HI 96826
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Royal Kinau Apartments
1 to 2 Bedroom Apartments

Royal Kinau Apartments

728 Kinau StHonolulu, HI 96814
Senior Living
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34 Hialoa St
1 Bedroom Apartments

34 Hialoa St

34 Hialoa StHonolulu, HI 96817
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1089 Karratti Ln
1 Bedroom Apartments

1089 Karratti Ln

1089 Karratti LnHonolulu, HI 96822
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1650 Young St
1 Bedroom Apartments

1650 Young St

1650 Young StHonolulu, HI 96826
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Ala Wai House
Studio to 1 Bedroom Apartments

Ala Wai House

2411 Ala Wai BlvdHonolulu, HI 96815
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1508 Pensacola St
1 Bedroom Apartments

1508 Pensacola St

1508 Pensacola StHonolulu, HI 96822
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Liholiho Lani
2 Bedroom Apartments

Liholiho Lani

1615 Liholiho StHonolulu, HI 96822
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2135 Eluwene St
Studio Apartments

2135 Eluwene St

2135 Eluwene StHonolulu, HI 96819
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Malulani Hale
1 Bedroom Apartments

Malulani Hale

114 N Kuakini StHonolulu, HI 96813
Senior Living
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1547 Wilder Ave
1 Bedroom Apartments

1547 Wilder Ave

1547 Wilder AveHonolulu, HI 96822
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Canal House
Studio Apartments

Canal House

2611 Ala Wai BlvdHonolulu, HI 96815
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  • Smoke Free
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Waipahu West
2 Bedroom Apartments

Waipahu West

94-820 Awanei StWaipahu, HI 96797
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91-737 Fort Weaver Rd
2 Bedroom Apartments

91-737 Fort Weaver Rd

91-737 Fort Weaver RdEwa Beach, HI 96706
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Val Hala Apartments
1 to 2 Bedroom Apartments

Val Hala Apartments

45-677 Kamehameha HwyKaneohe, HI 96744
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98-135 Lipoa Pl
2 Bedroom Apartments

98-135 Lipoa Pl

98-135 Lipoa PlAiea, HI 96701
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Hale Maluniu
Studio to 2 Bedroom Apartments

Hale Maluniu

101-117 Maluniu AveKailua, HI 96734
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Honolulu, HI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Honolulu, HI

Pricing Updated: 03/24/2025

Current apartment rentals in the Honolulu, HI area range in price from $595 to $12,545 with an overall median price of $3,189. The three Honolulu neighborhoods with the lowest median rent pricing are Mccully Moiliili at $1,200, Lower Punchbowl at $595, and Honolulu Ahupua`a at $595. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Honolulu Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mccully Moiliili$2,080$1,2002503
Lower Punchbowl$2,125$5952815
Honolulu Ahupua`a$2,150$5952745
Makiki Lower Punchbowl Tantalu$2,170$5952786
Waihe`e Ahupua`a$2,300$2,3006
Chinatown$2,575$900536
Downtown Honolulu$2,575$900525
Financial District$2,575$900536
Kalihi Palama$2,575$900666
Liliha Kapalama$2,575$900295

Cheapest Available Honolulu Apartments for Rent

 

The cheapest available apartment rental in Honolulu, HI is a 1 Bed unit found at 1506 Piikoi St in the Honolulu Ahupua`a neighborhood priced from $900. Loliana Apartments in the Honolulu Ahupua`a neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Honolulu apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Loliana ApartmentsStudioStudio,1BA$1,000
Waikiki VistaStudioStudio,1BA$1,200
Royal Kinau Apartments1 Bedroom1BR,1BA$1,228
Weinberg HaleStudioStudio,1BA$1,250
Hale Mahana ApartmentsC23BR,2BA$1,260
Ala Wai Gardens Apartments0 Beds, 1 BathsStudio,1BA$1,295
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,457

Best Value Apartments for Rent in Honolulu, HI

As of March 24, 2025 the best value apartment in the Honolulu area is the $2.93 price per square foot Orchid Model at Kapilina Beach Homes in the in the Ewa neighborhood starting from $3,599. The second greatest value Honolulu apartment is the 135 Prospect St Model at 135 Prospect St, Unit Downstairs Unit starting at $2,700 with a $2.81 price per square foot in the Honolulu Ahupua`a neighborhood. Here is today’s list of the best values for Honolulu apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kapilina Beach HomesOrchid4BR,2BA$2.93
135 Prospect St, Unit Downstairs Unit135 Prospect St1BR,1.5BA$2.81
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.02
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$2.61
1570 Frear St, Unit #21570 Frear St1BR,1BA$2.97
Royal Kinau Apartments1 Bedroom1BR,1BA$2.27
Waikiki VistaStudioStudio ,1BA$2.86
Weinberg HaleStudioStudio ,1BA$3.12
1182 Palekaiko St, Unit Studio1182 Palekaiko StStudio ,1BA$3.00
1506 Piikoi St1 Bedroom1BR,1BA$3.00

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Honolulu Overview

Honolulu is the capital of Hawaii and located on the island of Oahu. It is the tourism, military defense, and international business hub in the middle of the Pacific Ocean. The residential population of the city and surrounding county is nearly 1 million people, but more than 8 million people visit each year. Finding apartments in Honolulu is a dream that many people have due to the beautiful surroundings, relaxed island lifestyle, and big city atmosphere. Ranking as one of the most livable cities in the world for quality of life and standard of living conditions, it is also one of the safest cities in America due to strict gun control laws, low car fatality rates, and few violent crimes.

Why live in Honolulu, HI?

Island living with the conveniences of modern city life is a huge draw for most people who move to Honolulu. Beautiful beaches, world-class surfing, friendly locals, and comfortable year-round temperatures are what make Hawaiian living a dream. Apartments in Honolulu are surprisingly affordable and run the gamut of beach bungalow living to modern high-rise style. Whether you work in the tourism industry, for the military, or are a student, life in Honolulu is exciting and can feel like being on vacation every day with all the sun and fun activities that are available.

Honolulu, HI
Population: 347,397

Ranked #56

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Honolulu, HI Rentals by Map

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Getting Around Honolulu, HI

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

67 / 100

Bikeable

Some bike infrastructure

Transit Score®

64 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Honolulu Apartments

What is a cheap apartment in Honolulu?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Honolulu is under $1,457.

What is the price of a cheap apartment in Honolulu?

The cheapest apartment in Honolulu is 1506 Piikoi St which is listed at $900, while the average apartment in Honolulu costs $3,189.

What types of apartments are the cheapest in Honolulu?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 26,355 regular apartments in Honolulu that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Honolulu?

Cheap apartments in Honolulu have an average cost of $814 which is $2,375 cheaper than the average rent for all rentals in Honolulu.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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