Cheap Apartments for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $600 (21 Rentals)

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

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34 Hialoa St
1 Bedroom Apartments

34 Hialoa St

34 Hialoa StHonolulu, HI 96817
  • Utilities Included
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1089 Karratti Ln
1 Bedroom Apartments

1089 Karratti Ln

1089 Karratti LnHonolulu, HI 96822
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1508 Pensacola St
1 to 2 Bedroom Apartments

1508 Pensacola St

1508 Pensacola StHonolulu, HI 96822
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1650 Young St
1 Bedroom Apartments

1650 Young St

1650 Young StHonolulu, HI 96826
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Liholiho Lani
2 Bedroom Apartments

Liholiho Lani

1615 Liholiho StHonolulu, HI 96822
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Showing Results 1-21, Page 1 of 1

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 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 ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$1,201
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,465
1060 Bishop1 Bedroom 1 Bathroom1BR,1BA$2,089

Best Value Apartments for Rent in Lower Punchbowl, HI

As of September 10, 2025 the best value apartment in the Lower Punchbowl area is the $3.49 price per square foot 1415 Punahou St Model at 1415 Punahou St, Unit 901 in the in the Lower Punchbowl neighborhood starting from $2,600. The second greatest value Lower Punchbowl apartment is the 2 Bedroom Model at Royal Kinau 62+ Senior Apartments starting at $1,708 with a $2.31 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.
1415 Punahou St, Unit 9011415 Punahou St2BR,2BA$3.49
Royal Kinau 62+ Senior Apartments2 Bedroom2BR,1BA$2.31
Waena ApartmentsKiele1BR,1BA$3.65
1060 Bishop1 Bedroom 1 Bathroom1BR,1BA$3.60
The Residences at Bishop PlaceStudios (A)Studio ,1BA$5.63
1515B S King St, Unit 71515B S King St1BR,1BA$4.59
Kewalo ApartmentsStudioStudio ,1BA$4.58
1506 Piikoi St1 Bedroom1BR,1BA$3.00
Kokua HaleStudioStudio ,1BA$4.76

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Pet Friendly Lifestyle
Lower Punchbowl, Honolulu, HI

Ranked #24

Among cities in Hawaii for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $2,495.

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 $2,700.

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.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.