Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,300 (23 Rentals)

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

property at 2572 Lemon Rd

2572 Lemon Rd

HonoluluHI96815

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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property at 440 Seaside Ave

440 Seaside Ave

HonoluluHI96815

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.

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property at 400 Hobron Ln

400 Hobron Ln

HonoluluHI96815

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.

Read Article
property at 2345 Ala Wai Blvd

2345 Ala Wai Blvd

HonoluluHI96815
property at 2092 Kuhio Ave.

2092 Kuhio Ave.

HonoluluHI96815
property at 425 Ena Rd

425 Ena Rd

HonoluluHI96815
Showing Results 1-23, Page 1 of 1

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 $1,445. 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$1,445
Moana Vista ApartmentsStudioStudio,1BA$1,595
Waikiki Walina ApartmentsStudio - Plan B - RenovatedStudio,1BA$1,657
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,669

Best Value Apartments for Rent in Waikiki, HI

As of September 19, 2025 the best value apartment in the Waikiki area is the $6.96 price per square foot 3F Model at Lilia Waikiki in the in the Diamond Head neighborhood starting from $13,870. The second greatest value Waikiki apartment is the 1 Bedroom 1 Bathroom Model at Kanekapolei Collection starting at $1,669 with a $2.81 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.
Lilia Waikiki3F3BR,3BA$6.96
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$2.81
Waikiki VistaStudioStudio ,1BA$2.86
WaikaheOne Bedroom1BR,1BA$4.51
Moana Vista ApartmentsStudioStudio ,1BA$4.20
Waikiki Walina ApartmentsStudio - Plan B - RenovatedStudio ,1BA$4.60
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88
2214 Aloha Dr, Unit Aloha Drive unit #12214 Aloha Dr1BR,2BA$14.50

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Waikiki, Honolulu, HI

Ranked #7

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Waikiki

What type of rentals are currently available in Waikiki?

There are currently 529 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $13,870. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,300 to $8,550.

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 $1,300 to $8,550 with an average monthly rent of $3,708.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.