Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $800 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lower Punchbowl 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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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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1089 Karratti Ln
1 Bedroom Apartments

1089 Karratti Ln

1089 Karratti LnHonolulu, HI 96822
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1650 Young St
1 Bedroom Apartments

1650 Young St

1650 Young StHonolulu, HI 96826
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1508 Pensacola St
1 to 2 Bedroom Apartments

1508 Pensacola St

1508 Pensacola StHonolulu, HI 96822
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Liholiho Lani
2 Bedroom Apartments

Liholiho Lani

1615 Liholiho StHonolulu, HI 96822
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Malulani Hale
1 Bedroom Apartments

Malulani Hale

114 N Kuakini StHonolulu, HI 96813
Senior Living
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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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34 Hialoa St
1 Bedroom Apartments

34 Hialoa St

34 Hialoa StHonolulu, HI 96817
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1547 Wilder Ave
1 Bedroom Apartments

1547 Wilder Ave

1547 Wilder AveHonolulu, HI 96822
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Kauhale Kaka'ako
1 to 2 Bedroom Apartments

Kauhale Kaka'ako

860 Halekauwila StHonolulu, HI 96813
  • Utilities Included

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

Lower Punchbowl, Honolulu, HI Local Guide

Cheapest Available Lower Punchbowl Apartments for Rent

 

The cheapest available apartment rental in the Lower Punchbowl area of Honolulu, HI is a Studio unit found at 1302 Kinau Street priced from $855. 1506 Piikoi St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Lower Punchbowl apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
1302 Kinau Street0BR/1.0BAStudio,1BA$855
1506 Piikoi St1 Bedroom1BR,1BA$900
Kokua HaleStudioStudio,1BA$1,310
34 Hialoa Stone bed/one bath1BR,1BA$1,450
Kewalo ApartmentsStudioStudio,1BA$1,465
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$1,545
1060 BishopStudio 1 BathroomStudio,1BA$1,800
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$2,300
The Residences at Bishop PlaceAlcove One Bedroom1BR,1BA$2,450

Best Value Apartments for Rent in Lower Punchbowl, HI

As of April 29, 2026 the best value apartment in the Lower Punchbowl area is the $3.28 price per square foot 2 Bedroom 1.5 Bathroom Model at Punahou Heights in the in the Lower Punchbowl neighborhood starting from $2,549. The second greatest value Lower Punchbowl apartment is the Kiele - Ilima - Maile Model at Waena Apartments starting at $2,300 with a $3.95 price per square foot in the Honolulu Ahupua`a neighborhood. Here is today’s list of the best values for Lower Punchbowl apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.28
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.95
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.76
34 Hialoa Stone bed/one bath1BR,1BA$3.02
The Residences at Bishop PlaceStudio ApartmentStudio ,1BA$5.63
1060 BishopStudio 1 BathroomStudio ,1BA$4.60
Kewalo ApartmentsStudioStudio ,1BA$4.58
1506 Piikoi St1 Bedroom1BR,1BA$3.00
Kokua HaleStudioStudio ,1BA$4.76
1302 Kinau St, Unit 31302 Kinau StStudio ,1BA$8.55

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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Best Local Schools in
Lower Punchbowl, Honolulu, HI

School data provided by Great Schools

Frequently Asked Questions about Cheap Lower Punchbowl Apartments

What is a cheap apartment in Lower Punchbowl?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lower Punchbowl is under $2,450.

What is the price of a cheap apartment in Lower Punchbowl?

The cheapest apartment in Lower Punchbowl is 1506 Piikoi St which is listed at $900, while the average apartment in Lower Punchbowl costs $2,975.

What types of apartments are the cheapest in Lower Punchbowl?

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 3 regular apartments in Lower Punchbowl 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 Lower Punchbowl?

Cheap apartments in Lower Punchbowl have an average cost of $344 which is $2,631 cheaper than the average rent for all rentals in Lower Punchbowl.

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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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.

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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.