Cheap Apartments for Rent near Punaluu, HI from $900 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in Punaluu.

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.

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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.

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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.

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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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Cheapest Available Punaluu Apartments for Rent and Nearby

 

The cheapest available apartment rental in Punaluu, HI is a 1 Bed unit found at 1506 Piikoi St in the Honolulu Ahupua`a neighborhood priced from $900. 620 Dillingham Blvd Apartments in the Kalihi Ahupua`a neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $980. Here is today’s list of the most affordable Punaluu apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
620 Dillingham Blvd ApartmentsStudioStudio,1BA$980
Waikiki VistaStudioStudio,1BA$1,200
Weinberg HaleStudioStudio,1BA$1,250
Kokua HaleStudioStudio,1BA$1,310

Best Value Apartments for Rent in Punaluu, HI and Nearby

As of August 22, 2026 the best value apartment in the Punaluu area is the $3.08 price per square foot Kaimana 3/2.5 1402sf Townhome Model at Kalaeloa in the in the Makakilo Kapolei Honokai Hale neighborhood starting from $4,312. The second greatest value Punaluu apartment is the 4-Bedroom Model at Kalo Terrace starting at $799 with a $0.59 price per square foot in the Kapahulu neighborhood. Here is today’s list of the best values for Punaluu apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
KalaeloaKaimana 3/2.5 1402sf Townhome3BR,2.5BA$3.08
Kalo Terrace4-Bedroom4BR,2BA$0.59
Weinberg HaleStudioStudio ,1BA$1.00
Napili Towers2 Bdrm - Plan42BR,1BA$3.17
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.28
2612 Kapiolani2 Bedroom 1 Bathroom2BR,1BA$3.38
Moanalua Hillside ApartmentsThe Eddie1BR,1BA$3.43
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.82
Waikiki VistaStudioStudio ,1BA$2.86
1506 Piikoi St1 Bedroom1BR,1BA$3.00

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

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.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.