Cheap Homes for Rent in Lower Punchbowl Neighborhood of Honolulu, HI from $1,400 (39 Rentals)

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Search the lowest-cost Homes 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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property at 1255 Nuuanu Ave

$1,825 - $2,800

1 Bedroom Rentals

Available Now

1255 Nuuanu Ave

HonoluluHI96817

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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property at 1441 Piikoi St

$1,600 - $1,850

Studio Rentals

Available Now

1441 Piikoi St

HonoluluHI96822
property at 801 South St

$1,900 - $3,500

Studio To 2 Bedroom Rentals

Available Now

801 South St

HonoluluHI96813
property at 1011 Prospect St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

1011 Prospect St, Unit 307, Unit 307

1011 Prospect St
HonoluluHI96822

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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property at 1040 Kinau St

$2,000

1 Bedroom Rentals

Available Jun 1

1040 Kinau St

HonoluluHI96814

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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property at 39 Hi?aloa St

$2,200

2 Bedroom Rentals

Available Now

39 Hi?aloa St

HonoluluHI96817
Showing Results 1-39, 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
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$1,545
1060 BishopStudio 1 BathroomStudio,1BA$1,650
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$2,200
The Residences at Bishop PlaceStudio ApartmentStudio,1BA$2,350

Best Value Apartments for Rent in Lower Punchbowl, HI

As of May 20, 2026 the best value apartment in the Lower Punchbowl area is the $3.78 price per square foot Kiele - Ilima - Maile Model at Waena Apartments in the in the Honolulu Ahupua`a neighborhood starting from $2,200. The second greatest value Lower Punchbowl apartment is the 1 Bed, 1 bath Model at Halewai'olu Senior Residences starting at $1,545 with a $2.76 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.
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.78
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.76
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$2.22
The Residences at Bishop PlaceStudio ApartmentStudio ,1BA$5.09
1060 BishopStudio 1 BathroomStudio ,1BA$4.22
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

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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Quick 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.

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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 901 Apartments for Rent in Lower Punchbowl, HI with pricing that ranges from $855 to $5,500. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower Punchbowl ranging from $1,479 to $7,450.

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 $1,479 to $7,450 with an average monthly rent of $3,185.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.