Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,300 (34 Rentals)

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

property at 249 Kapili St

$1,400 - $1,450

Studio Rentals

Available Now

249 Kapili St

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.

property at 445 Seaside Ave

$1,700 - $2,400

Studio To 1 Bedroom Rentals

Available Now

445 Seaside Ave

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.

property at 2525 Date St

$1,450 - $2,200

Studio To 1 Bedroom Rentals

Available Now

2525 Date St

HonoluluHI96826
property at 424 Walina St

$2,100

1 Bedroom Rentals

Available Now

424 Walina St

HonoluluHI96815
property at 425 Ena Rd

$2,100 - $2,695

1 Bedroom Rentals

Available Now

425 Ena Rd

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

property at 430 Kaiolu St

$2,200 - $4,300

1 To 2 Bedroom Rentals

Available Now

430 Kaiolu St

HonoluluHI96815
property at 411 Hobron Ln

$2,200 - $3,600

1 To 2 Bedroom Rentals

Available Now

411 Hobron Ln

HonoluluHI96815
property at 1848 Kahakai Dr

$2,295 - $3,800

1 Bedroom Rentals

Available Now

1848 Kahakai Dr

HonoluluHI96814

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 445 Kaiolu St

$2,300 - $2,806

1 Bedroom Rentals

Available Now

445 Kaiolu St

HonoluluHI96815

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 Ala Wai Gardens Apartments priced from $1,425. Kanekapolei Collection has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,669. Here are the most affordable Waikiki apartments for rent in Honolulu, HI:

Apartment ListingModel NameBed/BathPriced From
Ala Wai Gardens Apartments0 Beds, 1 BathsStudio,1BA$1,425
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,669
Waikiki Whale WatcherFully Furn Studio Month-to-Month1BR,1BA$1,850
Lilia WaikikiSVStudio,1BA$2,787
Napili Towers2 Bdrm - Plan32BR,1BA$2,795

Best Value Apartments for Rent in Waikiki, HI

As of February 22, 2026 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 Waikiki neighborhood starting from $13,870. The second greatest value Waikiki apartment is the 1910 Ala Moana Blvd. Model at 1910 Ala Moana Blvd., Unit 18AF starting at $6,500 with a $4.19 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lilia Waikiki3F3BR,3BA$6.96
1910 Ala Moana Blvd., Unit 18AF1910 Ala Moana Blvd.2BR,2BA$4.19
Napili Towers2 Bdrm - Plan32BR,1BA$4.15
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$2.95
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88

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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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.

Read Article
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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

4.0
Pet Friendly

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Frequently Asked Questions about Waikiki

What type of rentals are currently available in Waikiki?

There are currently 519 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,475 to $24,332. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,350 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 $1,350 to $8,550 with an average monthly rent of $3,709.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.