Cheap Apartments for Rent in the Waikiki Neighborhood of Honolulu, HI from $650 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waikiki area of Honolulu.

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

property at 2450 Koa Ave
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
Studio, 1 Bath Condo for Rent
Available Now
Furnished

2450 Koa Ave, Unit 73

2450 Koa Ave
HonoluluHI96815
  • Smoke Free
property at 1621 Ala Wai Blvd
$1,950 - $2,300

Total Monthly Price

Base Rent$1,950 - $2,300

Total Monthly Price$1,950 - $2,300
1 Bedroom, 1 Bath Condo for Rent
Available Now
Furnished

1621 Ala Wai Blvd

HonoluluHI96815
  • Smoke Free
property at 2442 Tusitala St
$2,150

Total Monthly Price

Base Rent$2,150

Total Monthly Price$2,150
Studio, 1 Bath Condo for Rent
Available Oct 26
Furnished

2442 Tusitala St, Unit 310

2442 Tusitala St
HonoluluHI96815
  • Smoke Free
property at 509 University Ave
$2,350

Total Monthly Price

Base Rent$2,350

Total Monthly Price$2,350
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

509 University Ave, Unit Ala Wai Cove

509 University Ave
HonoluluHI96826
  • Smoke Free
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2551 Kapiolani Blvd
Studio Apartments

2551 Kapiolani Blvd

2551 Kapiolani BlvdHonolulu, HI 96826
  • Utilities Included
property at 444 Niu St
$1,195 - $1,600
Studio Rentals
Available Now
Affordability

444 Niu St

HonoluluHI96815

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Kapuni Street
1 Bedroom Apartments

Kapuni Street

221 Kapuni StHonolulu, HI 96815
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2428 Koa Avenue
1 Bedroom Apartments

2428 Koa Avenue

2428 Koa AveHonolulu, HI 96815
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Ala Wai House
Studio to 1 Bedroom Apartments

Ala Wai House

2411 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included
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2550E Date St.
1 Bedroom Apartments

2550E Date St.

2550 Date StHonolulu, HI 96826
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Canal House
Studio Apartments

Canal House

2611 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included
  • Smoke Free
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Hale Wai Nani
1 to 2 Bedroom Apartments

Hale Wai Nani

287 Wai Nani WayHonolulu, HI 96815
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516 Kamoku St
Studio to 2 Bedroom Apartments

516 Kamoku St

516 Kamoku StHonolulu, HI 96826
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522 Lauiki St.
1 Bedroom Apartments

522 Lauiki St.

522 Lauiki StHonolulu, HI 96826

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Kapiolani Village
1 to 3 Bedroom Apartments

Kapiolani Village

2647 Kapiolani BlvdHonolulu, HI 96826
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1011
Studio to 1 Bedroom Apartments

1011

444 Kuamoo StHonolulu, HI 96815
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H106ach(TEOMe)
2 Bedroom Apartments

H106ach(TEOMe)

546 Lauiki StHonolulu, HI 96826
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2750 Date
1 Bedroom Apartments

2750 Date

2750 Date StHonolulu, HI 96815
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Pacific Oasis
Studio to 2 Bedroom Apartments

Pacific Oasis

455 Nohonani StHonolulu, HI 96815
property at 440 Lewers St
$1,795
Studio Rentals
Available Now
Affordability

440 Lewers St

HonoluluHI96815
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Ala Wai Garden Plaza
1 Bedroom Apartments

Ala Wai Garden Plaza

2055 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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250 Kapili St
Studio to 1 Bedroom Apartments

250 Kapili St

250 Kapili StHonolulu, HI 96815
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2510 Date St
1 Bedroom Apartments

2510 Date St

2510 Date StHonolulu, HI 96815
property at 445 Seaside Ave
$1,750 - $3,268
Studio To 1 Bedroom Rentals
Available Now
Furnished

445 Seaside Ave

HonoluluHI96815
property at 2525 Date St
$1,900 - $2,400
Studio To 1 Bedroom Rentals
Available Now
Affordability

2525 Date St

HonoluluHI96826
property at 417 Namahana St
$2,000

Total Monthly Price

Base Rent$2,000

Total Monthly Price$2,000
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

417 Namahana St

HonoluluHI96815

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.

Waikiki, Honolulu, HI Local Guide

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. 2428 Koa Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Waikiki apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
Waikiki VistaStudioStudio, 1BA$1,200
2428 Koa Avenue1BR/1.0BA1BR, 1BA$1,300
Kanekapolei CollectionStudio 1 BathroomStudio, 1BA$1,370
Ala Wai Gardens Apartments0 Beds, 1 BathsStudio, 1BA$1,445
H106ach(TEOMe)2BR/1.0BA2BR, 1BA$1,725
2750 Date1BR/1.0BA1BR, 1BA$1,750
2510 Date St1BR/1.0BA1BR, 1BA$1,850
Waikiki Whale WatcherFully Furn Studio Long termStudio, 1BA$1,950
240 Liliuokalani LLC1BR/1.0BA1BR, 1BA$2,100
Napili Towers1 Bdrm - Plan21BR, 1BA$2,195

Best Value Apartments for Rent in Waikiki, HI

As of September 25, 2026 the best value apartment in the Waikiki area is the $4.19 price per square foot 1910 Ala Moana Blvd. Model at 1910 Ala Moana Blvd., Unit 18AF in the Waikiki neighborhood starting from $6,500. The second greatest value Waikiki apartment is the 2575 Kuhio Ave Model at 2575 Kuhio Ave, Unit Apt 404 in the Diamond Head neighborhood starting at $3,850 with a $3.44 price per square foot. Here is today’s list of the best values for Waikiki apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1910 Ala Moana Blvd., Unit 18AF1910 Ala Moana Blvd.2BR, 2BA$4.19
2575 Kuhio Ave, Unit Apt 4042575 Kuhio Ave2BR, 2BA$3.44
Napili Towers1 Bdrm - Plan21BR, 1BA$4.33
2510 Date St1BR/1.0BA1BR, 1BA$3.85
240 Liliuokalani LLC1BR/1.0BA1BR, 1BA$4.67
Kanekapolei CollectionStudio 1 BathroomStudio, 1BA$3.09
Lilia Waikiki0TStudio, 1BA$7.19
Waikiki VistaStudioStudio, 1BA$2.86
2428 Koa Avenue1BR/1.0BA1BR, 1BA$3.74
Waikiki Whale WatcherFully Furn Jr 1 Bedroom Long term1BR, 1BA$7.34

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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

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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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Pet Friendly Lifestyle
Waikiki, Honolulu, HI

Ranked #1

Among cities in Hawaii for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $2,195.

What is the price of a cheap apartment in Waikiki?

The cheapest apartment in Waikiki is 2428 Koa Avenue which is listed at $1,300, while the average apartment in Waikiki costs $3,513.

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 8 regular apartments in Waikiki that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 A Local Hawaii Expert's Guide To Student Renting in Honolulu Neighborhoods   article

A Local Hawaii Expert's Guide To Student Renting in Honolulu Neighborhoods

Written by: Allison Wallis

Aloha! This is Allison Wallis, your local Apartmenthomeliving.com expert for Honolulu, Hawai‘i, with info about the best neighborhoods for college students.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.