Cheap Homes for Rent in Downtown Honolulu Neighborhood of Honolulu, HI from $1,500 (23 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.

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property at 1188 Bishop St

$1,600 - $1,800

Studio Rentals

Available Now

1188 Bishop St

HonoluluHI96813
property at 1255 Nuuanu Ave

$1,900 - $2,800

1 Bedroom Rentals

Available Now

1255 Nuuanu Ave

HonoluluHI96817

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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property at 39 Hi?aloa St

$2,200

2 Bedroom Rentals

Available Now

39 Hi?aloa St

HonoluluHI96817
property at 55 S Judd St

$2,000 - $2,200

Studio To 1 Bedroom Rentals

Available Now

55 S Judd St

HonoluluHI96817
property at 225 Queen St

$2,200 - $3,500

1 To 2 Bedroom Rentals

Available Now

225 Queen St

HonoluluHI96813
property at 920 Ward Ave

$2,245 - $3,000

1 To 2 Bedroom Rentals

Available Now

920 Ward Ave

HonoluluHI96814

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 801 South St

$2,300 - $3,500

1 To 2 Bedroom Rentals

Available Now

801 South St

HonoluluHI96813
Showing Results 1-23, Page 1 of 1

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 1 Bed unit found at Royal Kinau 62+ Senior Apartments priced from $1,201. Kokua Hale has the second lowest priced unit, which is a Studio apartment currently listed from $1,310. Here are the most affordable Downtown Honolulu apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$1,201
Kokua HaleStudioStudio,1BA$1,310
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$1,545
1060 BishopStudio 1 BathroomStudio,1BA$1,650
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$2,200

Best Value Apartments for Rent in Downtown Honolulu, HI

As of May 27, 2026 the best value apartment in the Downtown Honolulu area is the $3.93 price per square foot Kiele - Ilima - Maile Model at Waena Apartments in the in the Honolulu Ahupua`a neighborhood starting from $2,290. The second greatest value Downtown Honolulu apartment is the 1 Bed, 1 bath Model at Halewai'olu Senior Residences starting at $1,545 with a $2.76 price per square foot in the Honolulu Ahupua`a 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.
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.93
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.76
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$2.22
The Residences at Bishop PlaceStudio ApartmentStudio ,1BA$5.09
1060 BishopStudio 1 BathroomStudio ,1BA$4.22
Kokua HaleStudioStudio ,1BA$4.76

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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Best Local Schools in
Downtown Honolulu, Honolulu, HI

School data provided by Great Schools

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 $5,860. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Honolulu ranging from $1,500 to $5,700.

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 $1,500 to $5,700 with an average monthly rent of $3,278.

How much are larger Three and Four Bedroom Rentals in Downtown Honolulu?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Honolulu range from $1,850 to $5,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $4,800. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $3,150.

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.