
Cheap Homes for Rent in Hilo, HI from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Hilo.


1303 Kalanianaole St

963 Kilauea Ave

15-1579-1579 Loke Rd

15-1810-1810 Akeakamai Loop
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

34 Maikai St

272 Kapiolani St

101 Aupuni St

1521 Kinoole St

15-1510-1510 14th Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

16-1949-1949 King Kamehameha Dr
Hilo, HI Local Guide

How much does it cost to rent a home in Hilo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hilo 2 Bedroom Homes for Rent | $2,501 | $1,658 | $3,800 |
| Hilo 3 Bedroom Homes for Rent | $2,566 | $1,750 | $4,500 |
| Hilo 4 Bedroom Homes for Rent | $2,962 | $2,500 | $3,450 |
Browse Top Homes for Rent in Hilo
Explore Hilo
Hilo, HI Local Guide
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Cheapest Neighborhoods for Apartments in Hilo, HI
Pricing Updated: 07/21/2026Current apartment rentals in the Hilo, 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 Hilo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| WaiÄkea Homesteads | $1,800 | $1,800 | 1 |
| Puu Eo Ahupua`a | $2,065 | $2,000 | 2 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Hilo, HI
Hilo Union Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hilo, HI Rentals by Map
See the most popular apartments and homes in Hilo, HI
Frequently Asked Questions about Hilo
What type of rentals are currently available in Hilo?
There are currently 74 Apartments for Rent in Hilo, HI with pricing that ranges from $1,800 to $2,130. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hilo ranging from $586 to $4,500.
What is the current price range for Rental Homes in Hilo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hilo ranges from $586 to $4,500 with an average monthly rent of $2,263.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.