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Rental Market Trends in Honolulu, HI

What is the average rent in Honolulu, HI?

$1,735/month

Average Rent

442 Sq Ft

Average Apartment Size

-0.1%

Decrease in the Last Year

As of May 2026, the average rent in Honolulu, HI is $1,735 per month. For comparison, the national average rent price in the US is currently $1,642/month, which means Honolulu rent prices are 6% higher than the national average. When you rent an apartment in Honolulu, you can expect to pay about $1,565 per month for a studio, $1,735 for a one-bedroom apartment, and around $2,264 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,684 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,565/month
355 Sq Ft
One Bedroom
$1,735/month
442 Sq Ft
Two Bedroom
$2,264/month
745 Sq Ft
Three Bedroom
$3,684/month
1,036 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,859/month
603 Sq Ft
Two Bedroom
$3,281/month
863 Sq Ft
Three Bedroom
$5,120/month
1,275 Sq Ft
Four Bedroom
$7,824/month
2,730 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,031/month
594 Sq Ft
Two Bedroom
$4,681/month
1,019 Sq Ft
Three Bedroom
$7,942/month
1,518 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,820/month
521 Sq Ft
Two Bedroom
$4,079/month
1,057 Sq Ft
Three Bedroom
$4,331/month
979 Sq Ft
Four Bedroom
$3,570/month
1,627 Sq Ft

How much has average rent changed in Honolulu, HI?

In the past year, rent has decreased by 0.1%, which averages out to $2 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Honolulu, HI
Last Updated May 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Honolulu, HI
Percentage*
Rent Range
0% Below $700/month
6% $700 - $1,000/month
47% $1,001 - $1,500/month
34% $1,501 - $2,000/month
14% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Honolulu?

Based on current rent prices, Manoa, Nuuanu-Punchbowl and Mccully-Moiliili are the most affordable neighborhoods in Honolulu.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Manoa
$1,804/month
439 Sq Ft
Nuuanu-Punchbowl
$1,984/month
594 Sq Ft
Mccully-Moiliili
$2,232/month
463 Sq Ft
Kalihi-Palama
$2,303/month
615 Sq Ft
Makiki-Lower Punchbowl-Tantalu
$2,506/month
576 Sq Ft
Downtown Honolulu
$2,588/month
599 Sq Ft
Diamond Head-Kapahulu-St Louis
$2,741/month
542 Sq Ft
Waikiki
$3,101/month
587 Sq Ft
Kakaako
$3,436/month
649 Sq Ft
Ala Moana-Kakaako
$3,799/month
647 Sq Ft

What are the most expensive neighborhoods in Honolulu?

Based on current rent prices, Ward Village, Ala Moana-Kakaako and Kakaako are the most expensive neighborhoods in Honolulu.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ward Village
$4,489/month
708 Sq Ft
Ala Moana-Kakaako
$3,799/month
647 Sq Ft
Kakaako
$3,436/month
649 Sq Ft
Waikiki
$3,101/month
587 Sq Ft
Diamond Head-Kapahulu-St Louis
$2,741/month
542 Sq Ft
Downtown Honolulu
$2,588/month
599 Sq Ft
Makiki-Lower Punchbowl-Tantalu
$2,506/month
576 Sq Ft
Kalihi-Palama
$2,303/month
615 Sq Ft
Mccully-Moiliili
$2,232/month
463 Sq Ft
Nuuanu-Punchbowl
$1,984/month
594 Sq Ft

Which Honolulu neighborhoods have the most rentals available?

The neighborhoods in Honolulu with the most apartments available are Waikiki, Ala Moana-Kakaako and Diamond Head-Kapahulu-St Louis .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Waikiki
$3,101/month
587 Sq Ft
Ala Moana-Kakaako
$3,799/month
647 Sq Ft
Diamond Head-Kapahulu-St Louis
$2,741/month
542 Sq Ft
Downtown Honolulu
$2,588/month
599 Sq Ft
Mccully-Moiliili
$2,232/month
463 Sq Ft
Makiki-Lower Punchbowl-Tantalu
$2,506/month
576 Sq Ft
Nuuanu-Punchbowl
$1,984/month
594 Sq Ft
Manoa
$1,804/month
439 Sq Ft
Ward Village
$4,489/month
708 Sq Ft
Kakaako
$3,436/month
649 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Honolulu, HI?

Because the average rent in Honolulu is $1,735, you’ll want to make about $5,783 per month or $69,396 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Honolulu, HI is 83.8% higher than the national average. Generally, housing in Honolulu is 199.1% more expensive than the national average, with rent falling between $1,565 - $3,684. You can expect to pay 31.6% more for groceries, 93.1% more for utilities, and 41.1% more for transportation.

City

Honolulu, HI

1,120 Available Apartments for Rent

Search for Nearby Apartments

How does Honolulu, HI compare to other nearby cities and neighborhoods?

Use the tool below to compare Honolulu, HI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Honolulu, HI

Apartment Averages

Manoa

Honolulu, HI

Ward Village

Honolulu, HI

Studio
$961/month
-
One Bedroom
$1,358/month
-
Two Bedroom
$1,875/month
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Kaneohe Average Rent
  • Kailua Average Rent

Apartment communities in Honolulu we think you'll love

Hale Haukani

Hale Haukani

2570 Dole St,
Honolulu, HI 96822

$1,433 - $6,420 Total Monthly Price

Studio - 4 Beds | 12 Month Lease

The Residences at Bishop Place

The Residences at Bishop Place

1132 Bishop St,
Honolulu, HI 96813

$2,250 - $3,040

Studio - 1 Bed

Moanalua Hillside Apartments

Moanalua Hillside Apartments

1221 Ala Kapuna St,
Honolulu, HI 96819

$2,000 - $2,800

Studio - 2 Beds

Kalo Terrace

Kalo Terrace

1054 Kalo Pl,
Honolulu, HI 96826

$799 - $1,399

4 Beds

Property Management Companies in Honolulu, HI

Cirrus Asset Management, Inc.
Cirrus Asset Management, Inc.
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7 Communities in Honolulu
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    Units

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    Cities

3 Communities in Honolulu
The Michaels Organization
The Michaels Organization
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Greystar
Greystar
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United States Hawaii Honolulu Rental Trends

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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity