Cheap Homes for Rent in the Waikiki Neighborhood of Honolulu, HI from $900 (31 Rentals)

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

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 444 Niu St

$1,700 - $1,895

Studio Rentals

Available Now

444 Niu St

HonoluluHI96815
property at 300 Wai Nani Way

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

Studio, 1 Bath Condo for Rent

Available Sep 1

300 Wai Nani Way, Unit 1005

300 Wai Nani Way
HonoluluHI96815
property at 300 Wai Nani Way

$1,850 - $3,500

Studio To 2 Bedroom Rentals

Available Now

300 Wai Nani Way

HonoluluHI96815
property at 444 Niu St

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

Studio, 1 Bath Condo for Rent

Available Now

444 Niu St, Unit 1212

444 Niu St
HonoluluHI96815

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1621 Ala Wai Blvd

$1,950 - $2,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,950 - $2,150

Total Monthly Price
$1,950 - $2,150

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

1621 Ala Wai Blvd

HonoluluHI96815
property at 607 Isenberg St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

2 Bedroom, 1 Bath Condo for Rent

Available Now

607 Isenberg St, Unit 6

607 Isenberg St
HonoluluHI96826
property at 2465 Kuhio Ave

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Now

2465 Kuhio Ave, Unit KW501

2465 Kuhio Ave
HonoluluHI96815

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 2572 Lemon Rd

$1,897 - $2,597

Studio To 1 Bedroom Rentals

Available Now

2572 Lemon Rd

HonoluluHI96815
property at 417 Namahana St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 1 Bath Home for Rent

Available Now

417 Namahana St

HonoluluHI96815
property at 400 Hobron Ln

$2,100 - $3,750

Studio To 1 Bedroom Rentals

Available Now

400 Hobron Ln

HonoluluHI96815

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 $1,495. 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$1,495
2550E Date St.1BR/1.0BA1BR,1BA$1,550
Waikiki Whale WatcherFully Furn Studio Long termStudio,1BA$1,950
2612 Kapiolani2 Bedroom 1 Bathroom2BR,1BA$2,195
Napili Towers2 Bdrm - Plan42BR,1BA$2,495
Lilia Waikiki1M1BR,1BA$3,198

Best Value Apartments for Rent in Waikiki, HI

As of August 22, 2026 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 2575 Kuhio Ave Model at 2575 Kuhio Ave, Unit Apt 404 starting at $3,850 with a $3.44 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
2575 Kuhio Ave, Unit Apt 4042575 Kuhio Ave2BR,2BA$3.44
Napili Towers2 Bdrm - Plan42BR,1BA$3.17
2612 Kapiolani2 Bedroom 1 Bathroom2BR,1BA$3.38
1778 Ala Moana Blvd, Unit 41151778 Ala Moana BlvdStudio ,1BA$5.14
Lilia WaikikiSTStudio ,1BA$7.91
Waikiki VistaStudioStudio ,1BA$2.86
2550E Date St.1BR/1.0BA1BR,1BA$3.88
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.

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 #4

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 517 Apartments for Rent in Waikiki, HI with pricing that ranges from $1,200 to $30,747. There are also 133 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $900 to $12,000.

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 $900 to $12,000 with an average monthly rent of $3,065.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.