Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $500 (6 Rentals)

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

Lower Punchbowl, Honolulu, HI Local Guide

Cheapest Neighborhoods for Apartments in Lower Punchbowl, HI

Pricing Updated: 03/21/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units

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 ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Loliana ApartmentsStudioStudio,1BA$1,000
Royal Kinau Apartments1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
135 Prospect St, Unit Downstairs Unit135 Prospect St1BR,1.5BA$2.81
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.02
1322 Moku Pl, Unit A1322 Moku Pl2BR,1BA$3.55
k3800ty - Keauhou Lane2BR/1.0BA2BR,1BA$3.79
1570 Frear St, Unit #21570 Frear St1BR,1BA$2.97
Waena ApartmentsMaile1BR,1BA$3.39
Royal Kinau Apartments1 Bedroom1BR,1BA$2.27
Kewalo ApartmentsStudioStudio ,1BA$4.55
Loliana ApartmentsStudioStudio ,1BA$3.33
1506 Piikoi St1 Bedroom1BR,1BA$3.00

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Pet Friendly Lifestyle
Lower Punchbowl, Honolulu, HI

Ranked #24

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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