Cheap Apartments for Rent in the Waikiki Neighborhood of Honolulu, HI from $600 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waikiki area of Honolulu.

2214 Aloha Dr, Unit Aloha Drive unit #1

264 Ka?iulani Ave

Moana Vista Apartments
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2525 Date St

Waikiki Walina Apartments

Waikiki Whale Watcher
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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.

Waikahe
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Waikiki, Honolulu, HI Local Guide

How much does it cost to rent an apartment in Waikiki?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waikiki Studio Apartments | $2,356 | $1,200 | $3,114 |
Waikiki 1 Bedroom Apartments | $3,034 | $1,450 | $4,302 |
Waikiki 2 Bedroom Apartments | $4,278 | $2,364 | $6,500 |
Waikiki 3 Bedroom Apartments | $8,560 | $3,250 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Waikiki Neighborhood of Honolulu, HI.
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Waikiki, Honolulu, HI Local Guide
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Cheapest Available Waikiki Apartments for Rent
 The cheapest available apartment rental in the Waikiki area of Honolulu, HI is a Studio unit found at Waikiki Vista priced from $1,200. Ala Wai Gardens Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,495. Here are the most affordable Waikiki apartments for rent in Honolulu, HI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Waikiki Vista | Studio | Studio,1BA | $1,200 |
Ala Wai Gardens Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,495 |
Waikiki Walina Apartments | Studio - Plan B - Renovated | Studio,1BA | $1,657 |
Kanekapolei Collection | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,787 |
Waikiki Whale Watcher | Fully Furn Studio Month-to-Month | 1BR,1BA | $1,850 |
Best Value Apartments for Rent in Waikiki, HI
As of September 09, 2025 the best value apartment in the Waikiki area is the $3.01 price per square foot 1 Bedroom 1 Bathroom Model at Kanekapolei Collection in the in the Diamond Head neighborhood starting from $1,787. The second greatest value Waikiki apartment is the SU Model at Lilia Waikiki starting at $2,929 with a $6.78 price per square foot in the Diamond Head neighborhood. Here is today’s list of the best values for Waikiki apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Kanekapolei Collection | 1 Bedroom 1 Bathroom | 1BR,1BA | $3.01 |
Lilia Waikiki | SU | Studio ,1BA | $6.78 |
Waikahe | One Bedroom | 1BR,1BA | $4.51 |
Waikiki Vista | Studio | Studio ,1BA | $2.86 |
Waikiki Walina Apartments | Studio - Plan B - Renovated | Studio ,1BA | $4.60 |
Waikiki Whale Watcher | Fully Furn Jr 1 Bedroom M-to-M | 1BR,1BA | $6.88 |
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Pet Friendly LifestyleWaikiki, Honolulu, HI
Ranked #2
Among cities in Hawaii for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Waikiki Neighborhood in Honolulu, HI
Walk Score®
91 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
90 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
64 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waikiki Apartments
What is a cheap apartment in Waikiki?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waikiki is under $2,849.
What is the price of a cheap apartment in Waikiki?
The cheapest apartment in Waikiki is Kanekapolei Collection which is listed at $1,787, while the average apartment in Waikiki costs $8,560.
What types of apartments are the cheapest in Waikiki?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Waikiki that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.