
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.


264 Ka?iulani Ave

2525 Date St

Total Monthly Price
2214 Aloha Dr, Unit Private room rental

Moana Vista Apartments
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Waikahe

Waikiki Walina Apartments

Waikiki Whale Watcher

2551 Kapiolani Blvd

Ala Wai House
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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.

Ala Wai Gardens Apartments

Kanekapolei Collection

Canal House

Hale Wai Nani

Kapiolani Village
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Ala Wai Garden Plaza
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 | $1,607 | $1,200 | $2,250 |
| Waikiki 1 Bedroom Apartments | $3,464 | $1,500 | $8,026 |
| Waikiki 2 Bedroom Apartments | $5,674 | $2,495 | $10,000+ |
| Waikiki 3 Bedroom Apartments | $3,850 | $3,850 | $3,850 |
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 $1,445. 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 | $1,445 |
| Kanekapolei Collection | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,525 |
| Waikiki Whale Watcher | Fully Furn Studio Month-to-Month | 1BR,1BA | $1,850 |
| Napili Towers | 2 Bdrm - Plan3 | 2BR,1BA | $2,495 |
Best Value Apartments for Rent in Waikiki, HI
As of March 26, 2026 the best value apartment in the Waikiki area is the $6.97 price per square foot 3F Model at Lilia Waikiki in the in the Diamond Head neighborhood starting from $13,897. The second greatest value Waikiki apartment is the Two bedroom Model at Waikahe starting at $2,264 with a $2.73 price per square foot in the Kapahulu 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. |
|---|---|---|---|
| Lilia Waikiki | 3F | 3BR,3BA | $6.97 |
| Waikahe | Two bedroom | 2BR,1BA | $2.73 |
| Napili Towers | 2 Bdrm - Plan3 | 2BR,1BA | $3.70 |
| Kanekapolei Collection | Studio 1 Bathroom | Studio ,1BA | $3.58 |
| Waikiki Vista | Studio | Studio ,1BA | $2.86 |
| Waikiki Whale Watcher | Fully Furn Jr 1 Bedroom M-to-M | 1BR,1BA | $6.88 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick 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.
Pet Friendly LifestyleWaikiki, Honolulu, HI
Ranked #1
Among cities in Hawaii for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $2,778.
What is the price of a cheap apartment in Waikiki?
The cheapest apartment in Waikiki is Kanekapolei Collection which is listed at $1,525, while the average apartment in Waikiki costs $17,749.
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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.