Cheap Homes for Rent in Lower Punchbowl Neighborhood of Honolulu, HI from $1,300 (41 Rentals)

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

property at 1535 PENSACOLA St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

Studio, 1 Bath Condo for Rent

Available Now

1535 PENSACOLA St

HonoluluHI96822

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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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 1088 Bishop St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available May 8

1088 Bishop St, Unit 1808

1088 Bishop St
HonoluluHI96813
property at 1515 Nuuanu Ave

$1,800 - $2,600

1 To 2 Bedroom Rentals

Available Now

1515 Nuuanu Ave

HonoluluHI96817

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1503 Liholiho St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

1503 Liholiho St, Unit 403

1503 Liholiho St
HonoluluHI96822
property at 1516 Ward Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

1516 Ward Ave, Unit 704

1516 Ward Ave
HonoluluHI96822

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-41, 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 Studio unit found at 1302 Kinau Street priced from $855. 1506 Piikoi St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Lower Punchbowl apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
1302 Kinau Street0BR/1.0BAStudio,1BA$855
1506 Piikoi St1 Bedroom1BR,1BA$900
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,465
Halewai'olu Residences 55+1 Bed, 1 bath1BR,1BA$1,545
1060 BishopStudio 1 BathroomStudio,1BA$1,800
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$2,195

Best Value Apartments for Rent in Lower Punchbowl, HI

As of April 05, 2026 the best value apartment in the Lower Punchbowl area is the $2.88 price per square foot 1625 Frog Ln Model at 1625 Frog Ln, Unit #C in the in the Honolulu Ahupua`a neighborhood starting from $2,300. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1625 Frog Ln, Unit #C1625 Frog Ln2BR,1BA$2.88
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.28
k3800ty - Keauhou Lane2BR/1.0BA2BR,1BA$3.92
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.77
Halewai'olu Residences 55+1 Bed, 1 bath1BR,1BA$2.76
1511 Nuuanu Ave, Unit #8271511 Nuuanu Ave1BR,1BA$4.01
1060 BishopStudio 1 BathroomStudio ,1BA$4.60
1524 Pensacola St, Unit Apt #2081524 Pensacola St1BR,1BA$4.62
Kewalo ApartmentsStudioStudio ,1BA$4.58
1506 Piikoi St1 Bedroom1BR,1BA$3.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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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 902 Apartments for Rent in Lower Punchbowl, HI with pricing that ranges from $900 to $5,400. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower Punchbowl ranging from $1,300 to $7,800.

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 $7,800 with an average monthly rent of $2,915.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.