Cheap Homes for Rent in Waikiki Neighborhood of Honolulu, HI from $1,200 (28 Rentals)

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

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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property at 2572 Lemon Rd

2572 Lemon Rd

HonoluluHI96815
property at 2525 Date St

2525 Date St

HonoluluHI96826

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 445 Kaiolu St

445 Kaiolu St

HonoluluHI96815
property at 400 Hobron Ln

400 Hobron Ln

HonoluluHI96815
property at 445 Seaside Ave

445 Seaside Ave

HonoluluHI96815

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-28, 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 $1,295. 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$1,295
Waikiki Walina ApartmentsStudio - Plan B - RenovatedStudio,1BA$1,657
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$1,787
Waikiki Whale WatcherFully Furn Studio Month-to-Month1BR,1BA$1,850
WaikaheOne Bedroom1BR,1BA$1,895
Napili Towers2 Bdrm - Plan32BR,1BA$2,695
Lilia WaikikiSUStudio,1BA$3,010

Best Value Apartments for Rent in Waikiki, HI

As of June 20, 2025 the best value apartment in the Waikiki area is the $4.83 price per square foot 1778 Ala Moana Blvd Model at 1778 Ala Moana Blvd, Unit 3318 in the in the Waikiki neighborhood starting from $3,500. The second greatest value Waikiki apartment is the 2 Bdrm - Plan3 Model at Napili Towers starting at $2,695 with a $4.00 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.
1778 Ala Moana Blvd, Unit 33181778 Ala Moana Blvd1BR,1BA$4.83
Napili Towers2 Bdrm - Plan32BR,1BA$4.00
425 Ena Rd, Unit 204-C425 Ena Rd1BR,1BA$4.50
Kanekapolei Collection1 Bedroom 1 Bathroom1BR,1BA$3.01
Lilia WaikikiSUStudio ,1BA$6.97
Waikiki VistaStudioStudio ,1BA$2.86
WaikaheOne Bedroom1BR,1BA$4.51
Waikiki Walina ApartmentsStudio - Plan B - RenovatedStudio ,1BA$4.60
Waikiki Whale WatcherFully Furn Jr 1 Bedroom M-to-M1BR,1BA$6.88

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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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 $20,908. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waikiki ranging from $1,288 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 $1,288 to $8,550 with an average monthly rent of $3,465.

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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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.

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

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

Written by: Marie Brown

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.