Cheap Homes for Rent in Downtown Honolulu Neighborhood of Honolulu, HI from $900 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Honolulu area of Honolulu.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 824 Kinau St

824 Kinau St

HonoluluHI96813

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Downtown Honolulu, Honolulu, HI Local Guide

Cheapest Available Downtown Honolulu Apartments for Rent

 

The cheapest available apartment rental in the Downtown Honolulu area of Honolulu, HI is a 1 Bed unit found at 1506 Piikoi St priced from $900. Royal Kinau 62+ Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Downtown Honolulu apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$1,100
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,457
Moana Vista ApartmentsStudioStudio,1BA$1,595

Best Value Apartments for Rent in Downtown Honolulu, HI

As of May 17, 2025 the best value apartment in the Downtown Honolulu area is the $4.82 price per square foot 1551 Ala Wai Blvd Model at 1551 Ala Wai Blvd, Unit 2405 in the in the Kalihi Ahupua`a neighborhood starting from $5,250. The second greatest value Downtown Honolulu apartment is the 988 Halekauwila St Model at 988 Halekauwila St, Unit #4107 starting at $4,995 with a $6.84 price per square foot in the Downtown Honolulu neighborhood. Here is today’s list of the best values for Downtown Honolulu apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1551 Ala Wai Blvd, Unit 24051551 Ala Wai Blvd2BR,2BA$4.82
988 Halekauwila St, Unit #4107988 Halekauwila St2BR,2BA$6.84
Waena ApartmentsMaile1BR,1BA$3.78
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$2.03
The Residences at Bishop PlaceStudios (A)Studio ,1BA$5.86
1060 BishopStudio 1 BathroomStudio ,1BA$4.99
Moana Vista ApartmentsStudioStudio ,1BA$4.20
Kewalo ApartmentsStudioStudio ,1BA$4.55
1506 Piikoi St1 Bedroom1BR,1BA$3.00
Kokua HaleStudioStudio ,1BA$4.76

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown Honolulu

What type of rentals are currently available in Downtown Honolulu?

There are currently 328 Apartments for Rent in Downtown Honolulu, HI with pricing that ranges from $900 to $5,250. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Honolulu ranging from $987 to $6,985.

What is the current price range for Rental Homes in Downtown Honolulu?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Honolulu ranges from $987 to $6,985 with an average monthly rent of $2,993.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.