Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,000 (21 Rentals)

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

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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 $1,325. 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$1,325
Moana Vista ApartmentsStudioStudio,1BA$1,595
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,787
Waikiki Whale WatcherFully Furn Studio Month-to-Month1BR,1BA$1,850

Best Value Apartments for Rent in Waikiki, HI

As of August 04, 2025 the best value apartment in the Waikiki area is the $3.50 price per square foot 419A Atkinson Drive Model at 419A Atkinson Drive, Unit 14th Floor in the in the Waikiki neighborhood starting from $2,800. The second greatest value Waikiki apartment is the 2 Bdrm - Plan4 Model at Napili Towers starting at $2,995 with a $3.81 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.
419A Atkinson Drive, Unit 14th Floor419A Atkinson Drive2BR,1BA$3.50
Napili Towers2 Bdrm - Plan42BR,1BA$3.81
425 Ena Rd, Unit 204-C425 Ena Rd1BR,1BA$4.50
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$3.01
1778 Ala Moana Blvd, Unit 39151778 Ala Moana BlvdStudio ,1BA$5.14
Lilia WaikikiSUStudio ,1BA$7.37
Waikiki VistaStudioStudio ,1BA$2.86
WaikaheOne Bedroom1BR,1BA$4.51
Moana Vista ApartmentsStudioStudio ,1BA$4.20
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88

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Frequently Asked Questions about Waikiki

What type of rentals are currently available in Waikiki?

There are currently 524 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $19,144. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,000 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 $1,000 to $8,550 with an average monthly rent of $3,663.

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.

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

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.