
Cheap Apartments for Rent in the Waikiki Neighborhood of Honolulu, HI from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waikiki area of Honolulu.


2421 Ala Wai Blvd, Unit 4A

2612 Kapiolani

Moana Vista Apartments

Waikahe

Waikiki Walina Apartments

445 Seaside Ave, Unit IslandColony#3416

Waikiki Whale Watcher

444 Niu St, Unit 1212

607 Isenberg St, Unit 6
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.

229 Paoakalani Ave, Unit 704

2442 Tusitala St, Unit 310

2551 Kapiolani Blvd

Ala Wai House

Ala Wai Gardens Apartments

Kanekapolei Collection

2126 Lau‘ula St

249 Kapili St

234 ?Ohua Ave

440 Lewers St
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.

Canal House

421 Lewers St

2509 Ala Wai Blvd

Hale Wai Nani

516 Kamoku St

Kapiolani Village

235 Lili?uokalani Ave

1839 Kaio?o Dr

444 Niu St

2211 Ala Wai Blvd
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2572 Lemon Rd

225 Lili?uokalani Ave

1700 Ala Moana Blvd

Ala Wai Garden Plaza

250 Kapili St

432 Nmhana St

2525 Date St

2522 Date St

2464 Prince Edward St
![Kamoku Luxury Apartment-Homes [Move 10/01/17]](https://assets.apartmenthomeliving.com/imgs/533701248/922-615-117-B/kamoku-luxury-apartment-homes-move-10-01-17-honolulu-hi-96826-4050071-newly-completed-construction-1.jpg)
Kamoku Luxury Apartment-Homes [Move 10/01/17]
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.

236 Lili?uokalani Ave

2333 Kapiolani Blvd

240 Lili?uokalani Ave

445 Seaside Ave

2765 Kapiolani Blvd

445 Kaiolu St

2345 Ala Wai Blvd

2500 Kalakaua Ave

425 Ena Rd

400 Hobron Ln
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.
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 | $1,693 | $1,200 | $2,250 |
| Waikiki 1 Bedroom Apartments | $3,407 | $1,850 | $8,107 |
| Waikiki 2 Bedroom Apartments | $7,905 | $2,195 | $10,000+ |
| Waikiki 3 Bedroom Apartments | $18,451 | $3,395 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 50 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 $1,375. 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 | $1,375 |
| 2612 Kapiolani | One Bedroom | 1BR,1BA | $1,395 |
| 516 Kamoku St | 2 Beds, 1 Baths | 2BR,1BA | $1,650 |
| Waikiki Walina Apartments | Studio - Plan C - Renovated | Studio,1BA | $1,837 |
| Waikiki Whale Watcher | Fully Furn Studio Long term | Studio,1BA | $1,950 |
| Lilia Waikiki | SM | Studio,1BA | $3,113 |
Best Value Apartments for Rent in Waikiki, HI
As of June 25, 2026 the best value apartment in the Waikiki area is the $3.44 price per square foot 2575 Kuhio Ave Model at 2575 Kuhio Ave, Unit Apt 404 in the in the Diamond Head neighborhood starting from $3,850. The second greatest value Waikiki apartment is the 1778 Ala Moana Blvd Model at 1778 Ala Moana Blvd, Unit 3318 starting at $3,750 with a $5.18 price per square foot in the Waikiki 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. |
|---|---|---|---|
| 2575 Kuhio Ave, Unit Apt 404 | 2575 Kuhio Ave | 2BR,2BA | $3.44 |
| 1778 Ala Moana Blvd, Unit 3318 | 1778 Ala Moana Blvd | 1BR,1BA | $5.18 |
| 516 Kamoku St | 2 Beds, 1 Baths | 2BR,1BA | $2.43 |
| 2612 Kapiolani | 2 Bedroom 1 Bathroom | 2BR,1BA | $3.38 |
| Waikiki Walina Apartments | Studio - Plan C - Renovated | Studio ,1BA | $3.69 |
| Lilia Waikiki | SM | Studio ,1BA | $7.22 |
| Waikiki Vista | Studio | Studio ,1BA | $2.86 |
| Waikiki Whale Watcher | Fully Furn Jr 1 Bedroom Long term | 1BR,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.
Read ArticleReal 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.
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 #4
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 the Cheapest Studio apartment in Waikiki?
Currently the most affordable Cheap Studio Apartment in Waikiki is at Waikiki Vista listed at $1,200.
How much is rent for a Cheap One Bedroom Waikiki Apartment?
The lowest price for a Cheap One Bedroom Waikiki Apartment is $1,395 at 2612 Kapiolani.
What is the lowest price for a Cheap Two Bedroom Waikiki Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waikiki is starting from $1,650 at 516 Kamoku St.
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.