Cheap Apartments for Rent in the Waikiki Neighborhood of Honolulu, HI from $600 (16 Rentals)

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

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2551 Kapiolani Blvd
Studio Apartments

2551 Kapiolani Blvd

2551 Kapiolani BlvdHonolulu, HI 96826
  • Utilities Included
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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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Canal House
Studio Apartments

Canal House

2611 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included
  • Smoke Free
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Kapiolani Village
1 to 3 Bedroom Apartments

Kapiolani Village

2647 Kapiolani BlvdHonolulu, HI 96826
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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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Ala Wai Garden Plaza
1 Bedroom Apartments

Ala Wai Garden Plaza

2055 Ala Wai BlvdHonolulu, HI 96815
  • Utilities Included

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. 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 ListingModel NameBed/BathPriced From
Waikiki VistaStudioStudio,1BA$1,200
Ala Wai Gardens Apartments0 Beds, 1 BathsStudio,1BA$1,495
Waikiki Walina ApartmentsStudio - Plan B - RenovatedStudio,1BA$1,657
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,787
Waikiki Whale WatcherFully Furn Studio Month-to-Month1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$3.01
Lilia WaikikiSUStudio ,1BA$6.78
WaikaheOne Bedroom1BR,1BA$4.51
Waikiki VistaStudioStudio ,1BA$2.86
Waikiki Walina ApartmentsStudio - Plan B - RenovatedStudio ,1BA$4.60
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88

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Pet Friendly Lifestyle
Waikiki, Honolulu, HI

Ranked #2

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.