Cheap Homes for Rent in the Lower Punchbowl Neighborhood of Honolulu, HI from $1,400 (27 Rentals)

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

property at 824 Kinau St

$1,450 - $2,200

Studio Rentals

Available Now

824 Kinau St

HonoluluHI96813

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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property at 1188 Bishop St

$1,600 - $1,800

Studio Rentals

Available Now

1188 Bishop St

HonoluluHI96813

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 785 Kinau St

$1,750

1 Bedroom Rentals

Available Now

785 Kinau St

HonoluluHI96813
property at 1511 Nuuanu Ave

$1,700 - $2,500

Studio To 1 Bedroom Rentals

Available Now

1511 Nuuanu Ave

HonoluluHI96817

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1050 Kinau St

$1,900 - $2,450

1 To 2 Bedroom Rentals

Available Now

1050 Kinau St

HonoluluHI96814
property at 1516 Ward Ave

$1,900 - $2,000

1 Bedroom Rentals

Available Now

1516 Ward Ave

HonoluluHI96822

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-27, 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. Kokua Hale has the second lowest priced unit, which is a Studio apartment currently listed from $1,310. Here are the most affordable Lower Punchbowl apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,465
1024 Green St.1BR/1.0BA1BR,1BA$1,485
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$1,577
1623 Alapai1BR/1.0BA1BR,1BA$1,625
Birch Street2BR/1.0BA2BR,1BA$1,750
1060 BishopStudio 1 BathroomStudio,1BA$1,800
1407 Pensacola St0 Beds, 1 BathsStudio,1BA$1,850
1654 Liholiho St.1BR/1.0BA1BR,1BA$1,900

Best Value Apartments for Rent in Lower Punchbowl, HI

As of August 19, 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 2 Beds, 1 Baths Model at 39 Hialoa St starting at $2,100 with a $3.45 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
39 Hialoa St2 Beds, 1 Baths2BR,1BA$3.45
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.84
The Residences at Bishop PlaceAlcove One Bedroom1BR,1BA$4.55
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.82
1654 Liholiho St.1BR/1.0BA1BR,1BA$3.64
1060 BishopStudio 1 BathroomStudio ,1BA$4.60
1024 Green St.1BR/1.0BA1BR,1BA$4.24
Kewalo ApartmentsStudioStudio ,1BA$4.58
1506 Piikoi St1 Bedroom1BR,1BA$3.00

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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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 Lower Punchbowl

What type of rentals are currently available in Lower Punchbowl?

There are currently 906 Apartments for Rent in Lower Punchbowl, HI with pricing that ranges from $900 to $3,285. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower Punchbowl ranging from $1,300 to $7,500.

What is the current price range for Rental Homes in Lower Punchbowl?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower Punchbowl ranges from $1,300 to $7,500 with an average monthly rent of $2,834.

How much are larger Three and Four Bedroom Rentals in Lower Punchbowl?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lower Punchbowl range from $2,785 to $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $3,500. Four Bedroom Single-Family rentals are also available starting from $5,950 and Four Bedroom Apartments start at $3,015.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.