Cheap Apartments for Rent in Honolulu, HI from $850 (118 Rentals)

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Search the lowest-cost Apartments available for rent right now in Honolulu.

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4477 Sierra Dr, Unit Cabin
$895

Total Monthly Price

Base Rent$895
Total Monthly Price$895
Studio Apartment Available Oct 1

4477 Sierra Dr, Unit Cabin

4477 Sierra DrHonolulu, HI 96816
Affordability
  • Smoke Free
property at 116 Hanupaoa Pl
$1,195
1 To 4 Bedroom Rentals
Available Nov 1
Furnished

116 Hanupaoa Pl

HonoluluHI96822

Your Guide to the Aloha Life: The Top Value Neighborhoods for Renting in Honolulu

Find your perfect spot in paradise! Explore Honolulu's most vibrant and budget-friendly neighborhoods for renting, from Waikīkī to family-friendly McCully

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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.

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2551 Kapiolani Blvd
Studio Apartments

2551 Kapiolani Blvd

2551 Kapiolani BlvdHonolulu, HI 96826
  • Utilities Included
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1302 Kinau St
Studio Apartments

1302 Kinau St

1302 Kinau StHonolulu, HI 96814

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.

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2048 Kapiolani Blvd
Studio to 1 Bedroom Apartments

2048 Kapiolani Blvd

2048 Kapiolani BlvdHonolulu, HI 96826
  • Utilities Included
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Kapuni Street
1 Bedroom Apartments

Kapuni Street

221 Kapuni StHonolulu, HI 96815
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1818 Anapuni St
1 to 2 Bedroom Apartments

1818 Anapuni St

1818 Anapuni StHonolulu, HI 96822
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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 to 2 Bedroom Apartments

1508 Pensacola St

1508 Pensacola StHonolulu, HI 96822
  • Utilities Included
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BK-1720
1 Bedroom Apartments

BK-1720

1143 Hassinger StHonolulu, HI 96814

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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2428 Koa Avenue
1 Bedroom Apartments

2428 Koa Avenue

2428 Koa AveHonolulu, HI 96815
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1650 Young St
1 Bedroom Apartments

1650 Young St

1650 Young StHonolulu, HI 96826
  • Utilities Included
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Ala Wai House
Studio to 1 Bedroom Apartments

Ala Wai House

2411 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included
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H361ach (TEOM)
1 Bedroom Apartments

H361ach (TEOM)

1313 Ahiahi StHonolulu, HI 96817

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Honolulu, HI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Honolulu, HI

Pricing Updated: 09/27/2026

Current apartment rentals in the Honolulu, HI area range in price from $895 to $20,040 with an overall median price of $2,510. The three Honolulu neighborhoods with the lowest median rent pricing are Manoa at $1,555, Mccully Moiliili at $1,585, and Makiki Lower Punchbowl Tantalu at $1,800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Honolulu Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Manoa$1,555$89556
Mccully Moiliili$1,585$1,09550
Makiki Lower Punchbowl Tantalu$1,800$90010
Kapahulu$1,850$1,09572
Waimalu Ahupua`a$1,875$1,7952
Diamond Head Kapahulu St Louis$1,895$1,09572
Waikele Ahupua`a$1,950$1,9501
Waimano Ahupua`a$1,950$1,7951
Manana Ahupua`a$1,972$1,7954
Kalauao Ahupua`a$1,995$1,7955

Cheapest Available Honolulu Apartments for Rent

 

The cheapest available apartment rental in Honolulu, HI is a Studio unit found at 620 Dillingham Blvd Apartments in the Kalihi Ahupua`a neighborhood priced from $850. 1506 Piikoi St in the Honolulu Ahupua`a neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Honolulu apartments for rent:

Apartment ListingModel NameBed/BathPriced From
620 Dillingham Blvd ApartmentsStudioStudio, 1BA$850
1506 Piikoi St1 Bedroom1BR, 1BA$900
Waikiki VistaStudioStudio, 1BA$1,200
Weinberg HaleStudioStudio, 1BA$1,250
2428 Koa Avenue1BR/1.0BA1BR, 1BA$1,300
Kokua HaleStudioStudio, 1BA$1,310
Varsity Apartments0BR/1.0BAStudio, 1BA$1,345
Kanekapolei CollectionStudio 1 BathroomStudio, 1BA$1,370

Best Value Apartments for Rent in Honolulu, HI

As of September 27, 2026 the best value apartment in the Honolulu area is the $2.11 price per square foot 2417 Nihi St Model at 2417 Nihi St, Unit lower level in the Honolulu Ahupua`a neighborhood starting from $3,800. The second greatest value Honolulu apartment is the 4-Bedroom Model at Kalo Terrace in the Kapahulu neighborhood starting at $799 with a $0.59 price per square foot. Here is today’s list of the best values for Honolulu apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2417 Nihi St, Unit lower level2417 Nihi St4BR, 2BA$2.11
Kalo Terrace4-Bedroom4BR, 2BA$0.59
Weinberg HaleStudioStudio, 1BA$1.00
Kapilina Beach HomesLehua3BR, 2BA$2.54
44 -124 Ikeanani Dr, Unit B - Downstairs44 -124 Ikeanani Dr2BR, 1BA$2.10
2020 Waterhouse St.1BR/1.0BA1BR, 1BA$2.75
Kinau Street2BR/1.0BA2BR, 1BA$2.75
PATSY B. Y. DUNG1BR/1.0BA1BR, 1BA$2.59
2112 Fern Street1BR/1.0BA1BR, 1BA$2.64
4448 Sierra Dr, Unit Studio4448 Sierra Dr1BR, 1BA$2.24

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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.

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Honolulu Overview

Honolulu is the capital of Hawaii and located on the island of Oahu. It is the tourism, military defense, and international business hub in the middle of the Pacific Ocean. The residential population of the city and surrounding county is nearly 1 million people, but more than 8 million people visit each year. Finding apartments in Honolulu is a dream that many people have due to the beautiful surroundings, relaxed island lifestyle, and big city atmosphere. Ranking as one of the most livable cities in the world for quality of life and standard of living conditions, it is also one of the safest cities in America due to strict gun control laws, low car fatality rates, and few violent crimes.

Why live in Honolulu, HI?

Island living with the conveniences of modern city life is a huge draw for most people who move to Honolulu. Beautiful beaches, world-class surfing, friendly locals, and comfortable year-round temperatures are what make Hawaiian living a dream. Apartments in Honolulu are surprisingly affordable and run the gamut of beach bungalow living to modern high-rise style. Whether you work in the tourism industry, for the military, or are a student, life in Honolulu is exciting and can feel like being on vacation every day with all the sun and fun activities that are available.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Honolulu, HI Rentals by Map

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Honolulu, HI Area Reviews

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Allison • 4+ years in Honolulu

October 15, 2025

I can't imagine raising my daughter anywhere else. It's expensive but worth it.

Frequently Asked Questions about Cheap Honolulu Apartments

What is a cheap apartment in Honolulu?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Honolulu is under $1,370.

What is the price of a cheap apartment in Honolulu?

The cheapest apartment in Honolulu is 1506 Piikoi St which is listed at $900, while the average apartment in Honolulu costs $2,510.

What types of apartments are the cheapest in Honolulu?

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 238 regular apartments in Honolulu 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 Honolulu?

Cheap apartments in Honolulu have an average cost of $1,022 which is $1,488 cheaper than the average rent for all rentals in Honolulu.

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

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A Local Hawaii Expert's Guide To Student Renting in Honolulu Neighborhoods

Written by: Allison Wallis

Aloha! This is Allison Wallis, your local Apartmenthomeliving.com expert for Honolulu, Hawai‘i, with info about the best neighborhoods for college students.

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.