Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $500 (12 Rentals)

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

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Royal Kinau Apartments
1 to 2 Bedroom Apartments

Royal Kinau Apartments

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

34 Hialoa St

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

1089 Karratti Ln

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

1508 Pensacola St

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

1650 Young St

1650 Young StHonolulu, HI 96826
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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 April 13, 2025 the best value apartment in the Lower Punchbowl area is the $2.89 price per square foot 152 S School St Model at 152 S School St, Unit A in the in the Honolulu Ahupua`a neighborhood starting from $2,600. The second greatest value Lower Punchbowl apartment is the 2 Bedroom 1.5 Bathroom Model at Punahou Heights starting at $2,495 with a $3.21 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 A152 S School St1BR,1BA$2.89
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.21
1322 Moku Pl, Unit A1322 Moku Pl2BR,1BA$3.55
1241 Rycroft St, Unit 3021241 Rycroft St1BR,1BA$2.79
Waena ApartmentsMaile1BR,1BA$3.52
1060 Bishop1 Bedroom 1 Bathroom1BR,1BA$3.60
Royal Kinau Apartments1 Bedroom1BR,1BA$2.27
1515B S King St, Unit 71515B S King St1BR,1BA$4.59
Kewalo ApartmentsStudioStudio ,1BA$4.55
1506 Piikoi St1 Bedroom1BR,1BA$3.00

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Pet Friendly Lifestyle
Lower Punchbowl, Honolulu, HI

Ranked #26

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 $2,050.

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 $2,090.

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 55 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 $1,144 which is $946 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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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

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

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How Your Move-In Inspection Can Protect Your Security Deposit

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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.