Cheap Homes for Rent in Lower Punchbowl Neighborhood of Honolulu, HI from $1,200 (31 Rentals)

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

property at 138 Prospect St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

Studio, 1 Bath Home for Rent

Available Now

138 Prospect St

HonoluluHI96813
property at 24 Hialoa St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Jul 16

24 Hialoa St, Unit Nuuanu Place

24 Hialoa St
HonoluluHI96817
property at 1188 Bishop St

$1,600 - $1,800

Studio Rentals

Available Now

1188 Bishop St

HonoluluHI96813

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.

property at 801 South St

$1,800 - $3,500

Studio To 2 Bedroom Rentals

Available Now

801 South St

HonoluluHI96813

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.

property at 1050 Kinau St

$1,900 - $2,500

1 To 2 Bedroom Rentals

Available Now

1050 Kinau St

HonoluluHI96814
property at 1040 Kinau St

$1,900

1 Bedroom Rentals

Available Now

1040 Kinau St

HonoluluHI96814

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.

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.

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
1407 Pensacola St0 Beds, 1 BathsStudio,1BA$1,850
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$2,275
1060 Bishop2 Bedroom 1 Bathroom2BR,1BA$2,350
The Residences at Bishop PlaceStudio ApartmentStudio,1BA$2,495
Punahou Heights2 Bedroom 1.5 Bathroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1446 Liholiho St, Unit B1446 Liholiho St2BR,1BA$2.85
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.28
1060 Bishop2 Bedroom 1 Bathroom2BR,1BA$3.27
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.91
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$5.40
Kewalo ApartmentsStudioStudio ,1BA$4.58
1506 Piikoi St1 Bedroom1BR,1BA$3.00
Kokua HaleStudioStudio ,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.

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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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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

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Your Guide to the Aloha Life: The Top Value Neighborhoods for Renting in Honolulu

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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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