
Cheap Homes for Rent in Palolo Neighborhood of Honolulu, HI from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Palolo area of Honolulu.


2046 Palolo Ave, Unit A
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.

1347 Palolo Ave

4559 Sierra Dr
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.
Palolo, Honolulu, HI Local Guide

How much does it cost to rent a home in Palolo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palolo 2 Bedroom Homes for Rent | $2,540 | $1,950 | $3,200 |
| Palolo 3 Bedroom Homes for Rent | $4,005 | $2,900 | $5,995 |
| Palolo 4 Bedroom Homes for Rent | $6,666 | $5,500 | $8,500 |
| Palolo 5 Bedroom Homes for Rent | $6,250 | $6,000 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Palolo Neighborhood of Honolulu, HI.
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Best Value Apartments for Rent in Palolo, HI
As of April 25, 2026 the best value apartment in the Palolo area is the $3.67 price per square foot 2012 St Louis Dr Model at 2012 St Louis Dr, Unit 2 in the in the Waikiki Ahupua`a neighborhood starting from $3,300. The second greatest value Palolo apartment is the 4448 Sierra Dr Model at 4448 Sierra Dr, Unit Studio starting at $890 with a $8.90 price per square foot in the Waikiki Ahupua`a neighborhood. Here is today’s list of the best values for Palolo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2012 St Louis Dr, Unit 2 | 2012 St Louis Dr | 2BR,2BA | $3.67 |
| 4448 Sierra Dr, Unit Studio | 4448 Sierra Dr | 1BR,1BA | $8.90 |
Frequently Asked Questions about Palolo
What type of rentals are currently available in Palolo?
There are currently 53 Apartments for Rent in Palolo, HI with pricing that ranges from $790 to $6,500. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palolo ranging from $1,500 to $8,500.
What is the current price range for Rental Homes in Palolo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palolo ranges from $1,500 to $8,500 with an average monthly rent of $3,826.
How much are larger Three and Four Bedroom Rentals in Palolo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palolo range from $4,800 to $5,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $5,995. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $6,500.
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.

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.

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.

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.