
Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,300 (34 Rentals)
Search the lowest-cost Homes available for rent right now in the Waikiki area of Honolulu.


249 Kapili St

2126 Lau‘ula St

432 Pa?u St

1920 Ala Moana Blvd

234 ?Ohua Ave

444 Niu St

509 University Ave
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.

134 Kapahulu Ave

1946 Ala Moana Blvd

2765 Kapiolani Blvd

235 Lili?uokalani Ave

436 Pa?u St

2509 Ala Wai Blvd

445 Seaside Ave

2318 Lime St
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.

2525 Date St

702 University Ave

410 Nahua St

454 Namahana St

2211 Ala Wai Blvd

2624 Nahaku Pl

424 Walina St

425 Ena Rd
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

225 Lili?uokalani Ave

2440 Kuhio Ave

432 Nmhana St

435 Seaside Ave

430 Kaiolu St

411 Hobron Ln

1848 Kahakai Dr

555 University Ave, Unit 905
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.

445 Kaiolu St

303 Lili?uokalani Ave
Waikiki, Honolulu, HI Local Guide

How much does it cost to rent a home in Waikiki?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waikiki 2 Bedroom Homes for Rent | $3,987 | $2,300 | $6,750 |
| Waikiki 3 Bedroom Homes for Rent | $5,675 | $2,800 | $8,550 |
Browse Homes for Rent in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Waikiki Neighborhood of Honolulu, HI.
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Waikiki, Honolulu, HI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ala Wai Gardens Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,425 |
| Kanekapolei Collection | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,669 |
| Waikiki Whale Watcher | Fully Furn Studio Month-to-Month | 1BR,1BA | $1,850 |
| Lilia Waikiki | SV | Studio,1BA | $2,787 |
| Napili Towers | 2 Bdrm - Plan3 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lilia Waikiki | 3F | 3BR,3BA | $6.96 |
| 1910 Ala Moana Blvd., Unit 18AF | 1910 Ala Moana Blvd. | 2BR,2BA | $4.19 |
| Napili Towers | 2 Bdrm - Plan3 | 2BR,1BA | $4.15 |
| Kanekapolei Collection | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.95 |
| Waikiki Whale Watcher | Fully Furn Jr 1 Bedroom M-to-M | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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.
Pet Friendly LifestyleWaikiki, Honolulu, HI
Ranked #2
Among cities in Hawaii for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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

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.

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.

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.

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.