Cheap Apartments for Rent in the Diamond Head Neighborhood of Honolulu, HI from $1,300 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Diamond Head area of Honolulu.

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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Ala Wai House
Studio to 1 Bedroom Apartments

Ala Wai House

2411 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Canal House
Studio Apartments

Canal House

2611 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included
  • Smoke Free
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Hale Wai Nani
1 to 2 Bedroom Apartments

Hale Wai Nani

287 Wai Nani WayHonolulu, HI 96815
property at 300 Wai Nani Way

$1,700 - $2,800

Studio To 1 Bedroom Rentals

Available Now

300 Wai Nani Way

HonoluluHI96815

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 249 Kapili St

$1,450 - $1,750

Studio Rentals

Available Now

249 Kapili St

HonoluluHI96815
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250 Kapili St
Studio to 1 Bedroom Apartments

250 Kapili St

250 Kapili StHonolulu, HI 96815
property at 430 Kaiolu St

$1,900 - $3,900

1 To 2 Bedroom Rentals

Available Now

430 Kaiolu St

HonoluluHI96815
property at 445 Seaside Ave

$1,700 - $2,600

Studio To 1 Bedroom Rentals

Available Now

445 Seaside Ave

HonoluluHI96815

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-28, Page 1 of 1

Diamond Head, Honolulu, HI Local Guide

Cheapest Available Diamond Head Apartments for Rent

 

The cheapest available apartment rental in the Diamond Head area of Honolulu, HI is a Studio unit found at Ala Wai Gardens Apartments priced from $1,445. 250 Kapili St has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable Diamond Head apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
Ala Wai Gardens Apartments0 Beds, 1 BathsStudio,1BA$1,445
250 Kapili StFully Furn Studio Long termStudio,1BA$1,850
Waikiki Whale WatcherFully Furn Studio Long termStudio,1BA$1,950
Kanekapolei Collection2 Bedroom 1 Bathoom2BR,1BA$2,017
Lilia WaikikiSMStudio,1BA$2,762
Napili Towers2 Bdrm - Plan42BR,1BA$2,795

Best Value Apartments for Rent in Diamond Head, HI

As of May 18, 2026 the best value apartment in the Diamond Head area is the $6.97 price per square foot 3F Model at Lilia Waikiki in the in the Diamond Head neighborhood starting from $13,897. The second greatest value Diamond Head apartment is the 2575 Kuhio Ave Model at 2575 Kuhio Ave, Unit Apt 404 starting at $3,850 with a $3.44 price per square foot in the Diamond Head neighborhood. Here is today’s list of the best values for Diamond Head apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lilia Waikiki3F3BR,3BA$6.97
2575 Kuhio Ave, Unit Apt 4042575 Kuhio Ave2BR,2BA$3.44
Kanekapolei Collection2 Bedroom 1 Bathoom2BR,1BA$2.20
Napili Towers2 Bdrm - Plan42BR,1BA$3.56
Waikiki Whale WatcherFully Furn Jr 1 Bedroom Long term1BR,1BA$7.34
2214 Aloha Dr, Unit Private room rental2214 Aloha Dr1BR,2BA$15.00

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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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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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.

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Pet Friendly Lifestyle
Diamond Head, Honolulu, HI

Ranked #9

Among cities in Hawaii for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Diamond Head Apartments

What is the Cheapest Studio apartment in Diamond Head?

Currently the most affordable Cheap Studio Apartment in Diamond Head is at Ala Wai Gardens Apartments listed at $1,445.

How much is rent for a Cheap One Bedroom Diamond Head Apartment?

The lowest price for a Cheap One Bedroom Diamond Head Apartment is $1,975 at Waikiki Whale Watcher.

What is the lowest price for a Cheap Two Bedroom Diamond Head Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Diamond Head is starting from $2,017 at Kanekapolei Collection.

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

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

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

Written by: Allison Wallis

I’m Allison, your ApartmentHomeLiving.com local expert for Honolulu, Hawaiʻi. I’ve lived on Oʻahu for nearly 20 years, and my husband and I are raising a daughter here. While it’s expensive, we wouldn’t want to be anywhere else.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.