Cheap Homes for Rent in Downtown Honolulu Neighborhood of Honolulu, HI from $1,300 (16 Rentals)

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

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

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property at 1088 Bishop St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available May 8

1088 Bishop St, Unit 1808, Unit 1808

1088 Bishop St
HonoluluHI96813

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Downtown Honolulu, Honolulu, HI Local Guide

Cheapest Available Downtown Honolulu Apartments for Rent

 

The cheapest available apartment rental in the Downtown Honolulu area of Honolulu, HI is a Studio unit found at Kokua Hale priced from $1,310. 34 Hialoa St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Downtown Honolulu apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
Kokua HaleStudioStudio,1BA$1,310
34 Hialoa Stone bed/one bath1BR,1BA$1,500
Halewai'olu Residences 55+1 Bed, 1 bath1BR,1BA$1,545
1060 BishopStudio 1 BathroomStudio,1BA$1,800
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$2,300

Best Value Apartments for Rent in Downtown Honolulu, HI

As of April 10, 2026 the best value apartment in the Downtown Honolulu area is the $2.88 price per square foot 1625 Frog Ln Model at 1625 Frog Ln, Unit #C in the in the Honolulu Ahupua`a neighborhood starting from $2,300. The second greatest value Downtown Honolulu apartment is the 2BR/1.0BA Model at k3800ty - Keauhou Lane starting at $2,475 with a $3.92 price per square foot in the Downtown Honolulu neighborhood. Here is today’s list of the best values for Downtown Honolulu apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1625 Frog Ln, Unit #C1625 Frog Ln2BR,1BA$2.88
k3800ty - Keauhou Lane2BR/1.0BA2BR,1BA$3.92
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.95
Halewai'olu Residences 55+1 Bed, 1 bath1BR,1BA$2.76
1511 Nuuanu Ave, Unit #8271511 Nuuanu Ave1BR,1BA$4.01
34 Hialoa Stone bed/one bath1BR,1BA$3.13
The Residences at Bishop PlaceStudio ApartmentStudio ,1BA$5.63
914 Kinau St914 Kinau St1BR,1BA$5.24
1060 BishopStudio 1 BathroomStudio ,1BA$4.60
Kokua HaleStudioStudio ,1BA$4.76

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Frequently Asked Questions about Downtown Honolulu

What type of rentals are currently available in Downtown Honolulu?

There are currently 323 Apartments for Rent in Downtown Honolulu, HI with pricing that ranges from $980 to $6,010. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Honolulu ranging from $1,350 to $7,800.

What is the current price range for Rental Homes in Downtown Honolulu?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Honolulu ranges from $1,350 to $7,800 with an average monthly rent of $3,261.

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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.