
Cheap Homes for Rent in the Waikiki Neighborhood of Honolulu, HI from $900 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Waikiki area of Honolulu.


707 Hausten St, Unit B

2509 Ala Wai Blvd

1676 Ala Moana Blvd, Unit 607

444 Niu St, Unit 1205

749 Mahiai St

1839 Kaio?o Dr
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

444 Niu St

225 Lili?uokalani Ave

300 Wai Nani Way, Unit 1005

300 Wai Nani Way

444 Niu St, Unit 1212

432 Nmhana St

1941 Church Ln
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.

445 Seaside Ave, Unit 3010

1621 Ala Wai Blvd

607 Isenberg St, Unit 6

411 Kaiolu St

445 Seaside Ave, Unit 1015

2465 Kuhio Ave, Unit KW501

410 Nahua St
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.

1765 Ala Moana Blvd

1920 Ala Moana Blvd, Unit Inn on The Park Condo

2572 Lemon Rd

417 Namahana St

417 Namahana St

1911 Kalakaua Ave

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.

1867 Kaio?o Dr

2118 Kuhio Ave.

500 University Ave
Waikiki, Honolulu, HI Local Guide

How much does it cost to rent a home in Waikiki?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waikiki 2 Bedroom Homes for Rent | $3,395 | $1,695 | $6,600 |
| Waikiki 3 Bedroom Homes for Rent | $5,095 | $2,800 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Waikiki Neighborhood of Honolulu, HI.
Explore Honolulu
Waikiki, Honolulu, HI Local Guide
- Nearby Honolulu neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 |
| 2550E Date St. | 1BR/1.0BA | 1BR,1BA | $1,550 |
| Waikiki Whale Watcher | Fully Furn Studio Long term | Studio,1BA | $1,950 |
| 2612 Kapiolani | 2 Bedroom 1 Bathroom | 2BR,1BA | $2,195 |
| Napili Towers | 2 Bdrm - Plan4 | 2BR,1BA | $2,495 |
| Lilia Waikiki | 1M | 1BR,1BA | $3,198 |
Best Value Apartments for Rent in Waikiki, HI
As of August 22, 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 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 starting at $3,850 with a $3.44 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. |
|---|---|---|---|
| 1910 Ala Moana Blvd., Unit 18AF | 1910 Ala Moana Blvd. | 2BR,2BA | $4.19 |
| 2575 Kuhio Ave, Unit Apt 404 | 2575 Kuhio Ave | 2BR,2BA | $3.44 |
| Napili Towers | 2 Bdrm - Plan4 | 2BR,1BA | $3.17 |
| 2612 Kapiolani | 2 Bedroom 1 Bathroom | 2BR,1BA | $3.38 |
| 1778 Ala Moana Blvd, Unit 4115 | 1778 Ala Moana Blvd | Studio ,1BA | $5.14 |
| Lilia Waikiki | ST | Studio ,1BA | $7.91 |
| Waikiki Vista | Studio | Studio ,1BA | $2.86 |
| 2550E Date St. | 1BR/1.0BA | 1BR,1BA | $3.88 |
| 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
4.0Pet Friendly
Frequently Asked Questions about Waikiki
What type of rentals are currently available in Waikiki?
There are currently 517 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $30,747. There are also 133 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $900 to $12,000.
What is the current price range for Rental Homes in Waikiki?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waikiki ranges from $900 to $12,000 with an average monthly rent of $3,065.
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.

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.