Cheap Apartments for Rent in the Diamond Head Neighborhood of Honolulu, HI from $1,000 (11 Rentals)

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

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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Ala Wai House
Studio to 1 Bedroom Apartments

Ala Wai House

2411 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included
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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

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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Ohualani
2 Bedroom Apartments

Ohualani

320 Ohua AveHonolulu, HI 96815
  • Utilities Included

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 $1,395. Kanekapolei Collection has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,669. 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$1,395
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,669
Waikiki Whale WatcherFully Furn Studio Month-to-Month1BR,1BA$1,850
Lilia Waikiki1D1BR,1BA$3,065
Napili Towers2 Bdrm - Plan62BR,2BA$3,787

Best Value Apartments for Rent in Diamond Head, HI

As of December 11, 2025 the best value apartment in the Diamond Head area is the $3.40 price per square foot 2 Bdrm - Plan6 Model at Napili Towers in the in the Diamond Head neighborhood starting from $3,787. The second greatest value Diamond Head apartment is the 3032 Lakimau St Model at 3032 Lakimau St, Unit D starting at $2,400 with a $3.69 price per square foot in the Waikiki Ahupua`a 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.
Napili Towers2 Bdrm - Plan62BR,2BA$3.40
3032 Lakimau St, Unit D3032 Lakimau St2BR,1BA$3.69
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$2.95
Lilia WaikikiSTStudio ,1BA$7.66
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88
3147 Francis St, Unit 43147 Francis StStudio ,1BA$8.75
2214 Aloha Dr, Unit Aloha Drive unit #12214 Aloha Dr1BR,2BA$14.50

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Diamond Head, Honolulu, HI

Ranked #21

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 a cheap apartment in Diamond Head?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Diamond Head is under $3,787.

What is the price of a cheap apartment in Diamond Head?

The cheapest apartment in Diamond Head is Kanekapolei Collection which is listed at $1,669, while the average apartment in Diamond Head costs $7,130.

What types of apartments are the cheapest in Diamond Head?

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 23 regular apartments in Diamond Head 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 Diamond Head?

Cheap apartments in Diamond Head have an average cost of $4,249 which is $2,881 cheaper than the average rent for all rentals in Diamond Head.

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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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!