Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,200 (33 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

$1,450 - $1,500

Studio Rentals

Available Now

249 Kapili St

HonoluluHI96815
property at 234 ?Ohua Ave

$1,550 - $1,600

Studio Rentals

Available Now

234 ?Ohua Ave

HonoluluHI96815

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 445 Seaside Ave

$1,675 - $2,600

Studio To 1 Bedroom Rentals

Available Now

445 Seaside Ave

HonoluluHI96815
property at 300 Wai Nani Way

$1,700 - $2,800

Studio To 1 Bedroom Rentals

Available Now

300 Wai Nani Way

HonoluluHI96815
property at 1920 Ala Moana Blvd

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

Studio, 1 Bath Condo for Rent

Available Now

1920 Ala Moana Blvd, Unit 802, Unit 802

1920 Ala Moana Blvd
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 2522 Date St

$1,900

1 Bedroom Rentals

Available Jun 8

2522 Date St

HonoluluHI96826
property at 425 Ena Rd

$1,900 - $2,060

1 Bedroom Rentals

Available Now

425 Ena Rd

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 2442 Tusitala St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

Studio, 1 Bath Condo for Rent

Available Jun 8

2442 Tusitala St

HonoluluHI96815
property at 1778 Ala Moana Blvd

$2,300 - $3,750

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $3,750
Total Monthly Price
$2,300 - $3,750

Studio To 1 Bedroom Condos for Rent

Available Now

1778 Ala Moana Blvd

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.

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Showing Results 1-33, 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$1,645
250 Kapili StFully Furn Studio Long termStudio,1BA$1,850
Waikiki Whale WatcherFully Furn Studio Long termStudio,1BA$1,950
Kanekapolei Collection2 Bedroom 1 Bathoom2BR,1BA$2,017
Lilia WaikikiSMStudio,1BA$2,762
Napili Towers2 Bdrm - Plan42BR,1BA$2,795

Best Value Apartments for Rent in Waikiki, HI

As of May 24, 2026 the best value apartment in the Waikiki area is the $7.05 price per square foot 2W Model at Lilia Waikiki in the in the Diamond Head neighborhood starting from $11,113. 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 Waikiki2W2BR,2BA$7.05
1910 Ala Moana Blvd., Unit 18AF1910 Ala Moana Blvd.2BR,2BA$4.19
2575 Kuhio Ave, Unit Apt 4042575 Kuhio Ave2BR,2BA$3.44
Kanekapolei Collection2 Bedroom 1 Bathoom2BR,1BA$2.20
Napili Towers2 Bdrm - Plan42BR,1BA$3.56
Waikiki VistaStudioStudio ,1BA$2.86
Moana Vista ApartmentsStudioStudio ,1BA$4.33
Waikiki Whale WatcherFully Furn Jr 1 Bedroom Long term1BR,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.

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Real 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.

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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 #6

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 520 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $22,009. There are also 140 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,200 to $18,000.

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 $1,200 to $18,000 with an average monthly rent of $4,415.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.