Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $500 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Lower Punchbowl area of Honolulu.

close
View Me
34 Hialoa St
1 Bedroom Apartments

34 Hialoa St

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

1089 Karratti Ln

1089 Karratti LnHonolulu, HI 96822
close
View Me
1508 Pensacola St
1 Bedroom Apartments

1508 Pensacola St

1508 Pensacola StHonolulu, HI 96822
close
View Me
1650 Young St
1 Bedroom Apartments

1650 Young St

1650 Young StHonolulu, HI 96826
close
View Me
Liholiho Lani
2 Bedroom Apartments

Liholiho Lani

1615 Liholiho StHonolulu, HI 96822

Lower Punchbowl, Honolulu, HI Local Guide

Cheapest Available Lower Punchbowl Apartments for Rent

 

The cheapest available apartment rental in the Lower Punchbowl area of Honolulu, HI is a 1 Bed unit found at 1506 Piikoi St priced from $900. Royal Kinau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,228. Here are the most affordable Lower Punchbowl apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Royal Kinau Apartments1 Bedroom1BR,1BA$1,228
Hale Mahana ApartmentsC23BR,2BA$1,260
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,457

Best Value Apartments for Rent in Lower Punchbowl, HI

As of February 15, 2025 the best value apartment in the Lower Punchbowl area is the $3.14 price per square foot 152 S School St Model at 152 S School St, Unit 2 in the in the Honolulu Ahupua`a neighborhood starting from $2,825. The second greatest value Lower Punchbowl apartment is the 2 Bedroom 1.5 Bathroom Model at Punahou Heights starting at $2,395 with a $3.08 price per square foot in the Downtown Honolulu neighborhood. Here is today’s list of the best values for Lower Punchbowl apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
152 S School St, Unit 2152 S School St2BR,1BA$3.14
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.08
Waena ApartmentsMaile1BR,1BA$3.39
Royal Kinau Apartments1 Bedroom1BR,1BA$2.27
The Residences at Bishop PlaceAlcove One Bedroom(B)1BR,1BA$5.84
1060 BishopStudio 1 BathroomStudio ,1BA$4.99
Kewalo ApartmentsStudioStudio ,1BA$4.55
1506 Piikoi St1 Bedroom1BR,1BA$3.00
Kokua HaleStudioStudio ,1BA$4.76
Hale Mahana ApartmentsS1Studio ,1BA$9.62

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lower Punchbowl, Honolulu, HI

Ranked #6

Among neighborhoods in Honolulu, HI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Lower Punchbowl Apartments

What is the Cheapest Studio apartment in Lower Punchbowl?

Currently the most affordable Cheap Studio Apartment in Lower Punchbowl is at Kokua Hale listed at $1,310.

How much is rent for a Cheap One Bedroom Lower Punchbowl Apartment?

The lowest price for a Cheap One Bedroom Lower Punchbowl Apartment is $900 at 1506 Piikoi St.

What is the lowest price for a Cheap Two Bedroom Lower Punchbowl Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lower Punchbowl is starting from $1,425 at Hale Mahana Apartments.

What is the most affordable Lower Punchbowl Three Bedroom Apartment?

The best deal on a cheap Lower Punchbowl Three Bedroom Apartment rental is at Hale Mahana Apartments and starts from $1,260.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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

Written by: Amber Kanuckel

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.