The Residences at Bishop Place
1132 Bishop St,
Honolulu, HI 96813
$2,500 - $3,220 | Studio - 1 Bed
Downtown Honolulu
Honolulu, HI
Downtown Honolulu - Honolulu, HI
Area Guide
Find your place in paradise
Ocean
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Beaches
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Historic
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Walkable
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Tropical
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University
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Seeming to rise from the ocean like the mountain peaks that surround it, Downtown Honolulu is a business hub in the middle of paradise. This stunning mix of modern buildings, historic landmarks, and verdant landscape provides the ultimate lifestyle – surf or enjoy the beaches on weekends and walk to work in this capital city during the week.
Some of the most important historic locations in Oahu are located in Downtown Honolulu, including Iolani Place, the Aloha Tower, and the King Kamehameha I statue. Iolani Place, built in 1882, has the distinction of being the only royal palace in the United States. Other important destinations include Hawai’i Pacific University, the Hawaii State Art Museum, and Kakaako Waterfront Park.
Downtown Honolulu is divided into several smaller districts. As you look at apartments in Honolulu, be sure to take note of them: the Capitol District, Chinatown, the Waterfront, and the Central Business District.
Rent Trends
As of June 2025, the average apartment rent in Downtown Honolulu is $2,035 for a studio, $1,711 for one bedroom, $2,483 for two bedrooms, and $2,777 for three bedrooms. Apartment rent in Downtown Honolulu has increased by 1.7% in the past year.
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Studio
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371 sq ft
Average Sq Ft
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$2,035/month
Average Rent
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1 BR
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319 sq ft
Average Sq Ft
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$1,711/month
Average Rent
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2 BR
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780 sq ft
Average Sq Ft
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$2,483/month
Average Rent
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3 BR
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1,076 sq ft
Average Sq Ft
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$2,777/month
Average Rent
Transportation
95
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
78
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
66
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Iolani Palace State Monument
- Foster Botanical Garden
- Lili'uokalani Botanical Garden
- Royal Mausoleum State Monument
- Hawaii Nature Center-Oahu
Transit / Subway
Military Bases
Airports
- Daniel K Inouye International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.