Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,400 (15 Rentals)

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

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

Showing Results 1-15, Page 1 of 1

Waikiki, Honolulu, HI Local Guide

Cheapest Available Waikiki Apartments for Rent

 

The cheapest available apartment rental in the Waikiki area of Honolulu, HI is a Studio unit found at Waikiki Vista priced from $1,200. Hale Mahana Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,260. Here are the most affordable Waikiki apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
Waikiki VistaStudioStudio,1BA$1,200
Hale Mahana ApartmentsC23BR,2BA$1,260
Ala Wai Gardens Apartments0 Beds, 1 BathsStudio,1BA$1,295
Kokua HaleStudioStudio,1BA$1,310
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,552

Best Value Apartments for Rent in Waikiki, HI

As of March 24, 2025 the best value apartment in the Waikiki area is the $6.87 price per square foot 2T Den Model at Lilia Waikiki in the in the Waikiki Ahupua`a neighborhood starting from $9,610. The second greatest value Waikiki apartment is the 1778 Ala Moana Blvd Model at 1778 Ala Moana Blvd, Unit 3318 starting at $3,500 with a $4.83 price per square foot in the Waikiki neighborhood. Here is today’s list of the best values for Waikiki apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lilia Waikiki2T Den2BR,2BA$6.87
1778 Ala Moana Blvd, Unit 33181778 Ala Moana Blvd1BR,1BA$4.83
k3800ty - Keauhou Lane2BR/1.0BA2BR,1BA$3.79
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$2.61
The Residences at Bishop PlaceStudios (A)Studio ,1BA$5.70
WaikaheOne Bedroom1BR,1BA$4.65
Waikiki VistaStudioStudio ,1BA$2.86
1060 BishopStudio 1 BathroomStudio ,1BA$4.99
Kokua HaleStudioStudio ,1BA$4.76
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88

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

Frequently Asked Questions about Waikiki

What type of rentals are currently available in Waikiki?

There are currently 536 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $12,545. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,400 to $8,550.

What is the current price range for Rental Homes in Waikiki?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waikiki ranges from $1,400 to $8,550 with an average monthly rent of $3,535.

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

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.

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.