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Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Punchbowl area of Honolulu.
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$1,201 - $1,7081 to 2 Bedroom Apartments Available Now
Royal Kinau 62+ Senior Apartments
728 Kinau StHonolulu, HI 96813
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$1,300 - $2,395Studio to 2 Bedroom Apartments Contact Us For Availability
Keauhou Lane
502 Keawe StHonolulu, HI 96813
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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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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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Lower Punchbowl, Honolulu, HI Local Guide
How much does it cost to rent an apartment in Lower Punchbowl?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower Punchbowl Studio Apartments | $1,813 | $1,300 | $2,495 |
| Lower Punchbowl 1 Bedroom Apartments | $1,832 | $900 | $3,100 |
| Lower Punchbowl 2 Bedroom Apartments | $2,362 | $1,708 | $3,700 |
| Lower Punchbowl 3 Bedroom Apartments | $2,550 | $2,475 | $2,725 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Lower Punchbowl Neighborhood of Honolulu, HI.
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Lower Punchbowl, Honolulu, HI Local Guide
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Cheapest Available Lower Punchbowl Apartments for Rent
The cheapest available apartment rental in the Lower Punchbowl area of Honolulu, HI is a 1 Bed unit found at 1506 Piikoi St priced from $900. Royal Kinau 62+ Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here are the most affordable Lower Punchbowl apartments for rent in Honolulu, HI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1506 Piikoi St | 1 Bedroom | 1BR,1BA | $900 |
| Royal Kinau 62+ Senior Apartments | 1 Bedroom | 1BR,1BA | $1,201 |
| Kokua Hale | Studio | Studio,1BA | $1,310 |
| Kewalo Apartments | Studio | Studio,1BA | $1,465 |
| Halewai'olu Residences 55+ | 1 Bed, 1 bath | 1BR,1BA | $1,545 |
Best Value Apartments for Rent in Lower Punchbowl, HI
As of January 01, 2026 the best value apartment in the Lower Punchbowl area is the $3.04 price per square foot Plumeria Model at Waena Apartments in the in the Honolulu Ahupua`a neighborhood starting from $2,500. The second greatest value Lower Punchbowl apartment is the 2 Bedroom 1.5 Bathroom Model at Punahou Heights starting at $2,195 with a $2.82 price per square foot in the Lower Punchbowl neighborhood. Here is today’s list of the best values for Lower Punchbowl apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Waena Apartments | Plumeria | 3BR,1BA | $3.04 |
| Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $2.82 |
| Royal Kinau 62+ Senior Apartments | 2 Bedroom | 2BR,1BA | $2.31 |
| 1060 Bishop | 1 Bedroom 1 Bathroom | 1BR,1BA | $3.92 |
| Halewai'olu Residences 55+ | 1 Bed, 1 bath | 1BR,1BA | $2.76 |
| The Residences at Bishop Place | Alcove One Bedroom(B) | 1BR,1BA | $5.86 |
| Kewalo Apartments | Studio | Studio ,1BA | $4.58 |
| 1506 Piikoi St | 1 Bedroom | 1BR,1BA | $3.00 |
| Kokua Hale | Studio | Studio ,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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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.
Read ArticleCash 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
Robert Louis Stevenson Middle School
Hawaii Department Of Education
Public School - Grades 6-8 (576)
6 out of 10
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 $2,495.
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 $2,487.
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 9 regular apartments in Lower Punchbowl that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
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.