
Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $500 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Punchbowl area of Honolulu.
Lower Punchbowl, Honolulu, HI Local Guide

How much does it cost to rent an apartment in Lower Punchbowl?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lower Punchbowl Studio Apartments | $1,830 | $595 | $2,550 |
Lower Punchbowl 1 Bedroom Apartments | $1,801 | $900 | $2,825 |
Lower Punchbowl 2 Bedroom Apartments | $2,064 | $1,425 | $2,700 |
Lower Punchbowl 3 Bedroom Apartments | $1,553 | $1,260 | $2,700 |
Lower Punchbowl 4 Bedroom Apartments | $1,738 | $1,585 | $1,855 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Lower Punchbowl Neighborhood of Honolulu, HI.
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Lower Punchbowl, Honolulu, HI Local Guide
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Cheapest Neighborhoods for Apartments in Lower Punchbowl, HI
Pricing Updated: 03/21/2025Current apartment rentals in the Lower Punchbowl, HI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lower Punchbowl Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
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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. Loliana Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Lower Punchbowl apartments for rent in Honolulu, HI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1506 Piikoi St | 1 Bedroom | 1BR,1BA | $900 |
Loliana Apartments | Studio | Studio,1BA | $1,000 |
Royal Kinau Apartments | 1 Bedroom | 1BR,1BA | $1,228 |
Best Value Apartments for Rent in Lower Punchbowl, HI
As of March 21, 2025 the best value apartment in the Lower Punchbowl area is the $2.81 price per square foot 135 Prospect St Model at 135 Prospect St, Unit Downstairs Unit in the in the Honolulu Ahupua`a neighborhood starting from $2,700. The second greatest value Lower Punchbowl apartment is the 2 Bedroom 1.5 Bathroom Model at Punahou Heights starting at $2,352 with a $3.02 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
135 Prospect St, Unit Downstairs Unit | 135 Prospect St | 1BR,1.5BA | $2.81 |
Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $3.02 |
1322 Moku Pl, Unit A | 1322 Moku Pl | 2BR,1BA | $3.55 |
k3800ty - Keauhou Lane | 2BR/1.0BA | 2BR,1BA | $3.79 |
1570 Frear St, Unit #2 | 1570 Frear St | 1BR,1BA | $2.97 |
Waena Apartments | Maile | 1BR,1BA | $3.39 |
Royal Kinau Apartments | 1 Bedroom | 1BR,1BA | $2.27 |
Kewalo Apartments | Studio | Studio ,1BA | $4.55 |
Loliana Apartments | Studio | Studio ,1BA | $3.33 |
1506 Piikoi St | 1 Bedroom | 1BR,1BA | $3.00 |
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Pet Friendly LifestyleLower Punchbowl, Honolulu, HI
Ranked #24
Among neighborhoods in Honolulu, HI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lower Punchbowl, Honolulu, HI
Robert Louis Stevenson Middle School
School data provided by Great Schools
Best Local Schools in Lower Punchbowl, Honolulu, HI
Robert Louis Stevenson Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Lower Punchbowl Apartments
What is a cheap apartment in Lower Punchbowl?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lower Punchbowl is under $1,950.
What is the price of a cheap apartment in Lower Punchbowl?
The cheapest apartment in Lower Punchbowl is 1506 Piikoi St which is listed at $900, while the average apartment in Lower Punchbowl costs $2,125.
What types of apartments are the cheapest in Lower Punchbowl?
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 2,288 regular apartments in Lower Punchbowl 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 Lower Punchbowl?
Cheap apartments in Lower Punchbowl have an average cost of $1,161 which is $964 cheaper than the average rent for all rentals in Lower Punchbowl.
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.

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.

What to Know About Fees and Fines When Renting
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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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
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.

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.