
Cheap Homes for Rent in Lower Punchbowl Neighborhood of Honolulu, HI from $1,200 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Lower Punchbowl area of Honolulu.


929 Green St, Unit B

818 S King St

24 Hi?aloa St, Unit 11

24 Hialoa St, Unit Nuuanu Place

701 Pensacola St

1188 Bishop St
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.

604 Kinau St

1511 Nuuanu Ave

35 S Kuakini St

225 Queen St, Unit 14A

150 N King St

801 South St

1134 Kinau St
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.

1516 Ward Ave, Unit Westview Plaza 404

225 Queen St, Unit 14A

1560 Thurston Ave

1630 Liholiho St

1710 Makiki St

1050 Kinau St

1040 Kinau St
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.

1024 Spencer St

1571 Piikoi St

1535 Pensacola St, Unit 312

1516 Ward Ave, Unit 403

1516 Ward Ave

1653 Pensacola St

1122 Elm St
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.

785 Kinau St

732 Birch St

1630 Liholiho St
Lower Punchbowl, Honolulu, HI Local Guide

How much does it cost to rent a home in Lower Punchbowl?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower Punchbowl 2 Bedroom Homes for Rent | $3,179 | $1,500 | $4,800 |
| Lower Punchbowl 3 Bedroom Homes for Rent | $3,375 | $2,500 | $3,800 |
| Lower Punchbowl 4 Bedroom Homes for Rent | $5,087 | $4,200 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 31 rentals with your search options within a 1 mile radius of the Lower Punchbowl Neighborhood of Honolulu, HI.
Explore Honolulu
Lower Punchbowl, Honolulu, HI Local Guide
- Nearby Honolulu neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Senior Residences | 1 Bed, 1 bath | 1BR,1BA | $1,545 |
| 1407 Pensacola St | 0 Beds, 1 Baths | Studio,1BA | $1,850 |
| Waena Apartments | Kiele - Ilima - Maile | 1BR,1BA | $2,275 |
| 1060 Bishop | 2 Bedroom 1 Bathroom | 2BR,1BA | $2,350 |
| The Residences at Bishop Place | Studio Apartment | Studio,1BA | $2,495 |
| Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1BA | $2,549 |
Best Value Apartments for Rent in Lower Punchbowl, HI
As of July 05, 2026 the best value apartment in the Lower Punchbowl area is the $2.85 price per square foot 1446 Liholiho St Model at 1446 Liholiho St, Unit B in the in the Honolulu Ahupua`a neighborhood starting from $2,850. The second greatest value Lower Punchbowl apartment is the 2 Bedroom 1.5 Bathroom Model at Punahou Heights starting at $2,549 with a $3.28 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. |
|---|---|---|---|
| 1446 Liholiho St, Unit B | 1446 Liholiho St | 2BR,1BA | $2.85 |
| Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $3.28 |
| 1060 Bishop | 2 Bedroom 1 Bathroom | 2BR,1BA | $3.27 |
| Waena Apartments | Kiele - Ilima - Maile | 1BR,1BA | $3.91 |
| Halewai'olu Senior Residences | 1 Bed, 1 bath | 1BR,1BA | $2.76 |
| Royal Kinau 62+ Senior Apartments | 1 Bedroom | 1BR,1BA | $2.22 |
| The Residences at Bishop Place | Studio Apartment | Studio ,1BA | $5.40 |
| 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Lower Punchbowl, Honolulu, HI
Robert Louis Stevenson Middle School
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 904 Apartments for Rent in Lower Punchbowl, HI with pricing that ranges from $900 to $4,435. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower Punchbowl ranging from $1,200 to $17,000.
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 $1,200 to $17,000 with an average monthly rent of $5,507.
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 $2,725 to $4,435, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $3,800. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $3,095.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.