Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,200 (29 Rentals)

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

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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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.

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property at 2572 Lemon Rd

$1,350 - $2,597

Studio To 1 Bedroom Rentals

Available Now

2572 Lemon Rd

HonoluluHI96815
property at 454 Namahana St

$1,900 - $2,250

1 Bedroom Rentals

Available Now

454 Namahana St

HonoluluHI96815

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

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property at 445 Kaiolu St

$2,200 - $2,300

1 Bedroom Rentals

Available Now

445 Kaiolu St

HonoluluHI96815

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.

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property at 440 Seaside Ave

$2,200 - $3,380

1 To 2 Bedroom Rentals

Available Now

440 Seaside Ave

HonoluluHI96815
Showing Results 1-29, 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 $1,395. 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$1,395
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,669
Waikiki Whale WatcherFully Furn Studio Month-to-Month1BR,1BA$1,850
Lilia Waikiki1F1BR,1BA$3,155

Best Value Apartments for Rent in Waikiki, HI

As of December 22, 2025 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 1 Bedroom 1 Bathroom Model at Kanekapolei Collection starting at $1,669 with a $2.95 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.
1910 Ala Moana Blvd., Unit 18AF1910 Ala Moana Blvd.2BR,2BA$4.19
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$2.95
Lilia WaikikiSTStudio ,1BA$7.66
Waikiki VistaStudioStudio ,1BA$2.86
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88
2214 Aloha Dr, Unit Private room rental2214 Aloha Dr1BR,2BA$14.50

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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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

3.0
Pet Friendly

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Frequently Asked Questions about Waikiki

What type of rentals are currently available in Waikiki?

There are currently 530 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $20,862. There are also 115 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,200 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 $1,200 to $8,550 with an average monthly rent of $3,154.

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

decorative image for Your Guide to the Aloha Life: The Top Value Neighborhoods for Renting in Honolulu article

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!