
Cheap Apartments for Rent in Volcano, HI from $1,000 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Volcano.


11-3036-3036 Anuhea Pl

11-3128-3128 Ohukapu Rd

11-3816-3816 10th St

76-6177-6177 Ali‘i Dr

Total Monthly Price
260 Kaiulani St, Unit Kaiulani St
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.

Hale Kaloko

17-451 Volcano Rd

Total Monthly Price
16-2067 Silversword Dr, Unit A

83 Lama St

92-8927-9103 Catamaran Ln

92-2418 Lei Pkwy
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.

15-2885-2885 Pahoa Village Rd

15-1579-1579 Loke Rd

16-2139-2139 Kuhio Dr

City View Apartments

15-1810-1810 Akeakamai Loop

101 Aupuni St
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.

15-1510-1510 14th Ave

16-1949-1949 King Kamehameha Dr
Volcano, HI Local Guide

How much does it cost to rent an apartment in Volcano?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Volcano Studio Apartments | $1,700 | $1,600 | $1,800 |
| Volcano 1 Bedroom Apartments | $1,800 | $1,500 | $2,100 |
| Volcano 2 Bedroom Apartments | $2,402 | $1,658 | $3,350 |
| Volcano 3 Bedroom Apartments | $2,907 | $2,000 | $4,800 |
| Volcano 4 Bedroom Apartments | $5,500 | $5,500 | $5,500 |
Browse Top Apartments in Volcano
See all Apartments in VolcanoExplore Volcano
Volcano, HI Local Guide
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Cheapest Neighborhoods for Apartments in Volcano, HI
Pricing Updated: 07/03/2026Current apartment rentals in the Volcano, HI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Volcano Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Ocean View | $2,095 | $558 | 10 |
Cheapest Available Volcano Apartments for Rent and Nearby
 The cheapest available apartment rental in Volcano, HI is a Studio unit found at Hale Kaloko in the Lanihau 1 & 2 Ahupua`a neighborhood priced from $1,600. Lofts at Waikoloa in the Waikoloa neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,500. Here is today’s list of the most affordable Volcano apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hale Kaloko | Traditional Unit | Studio,1BA | $1,600 |
| Lofts at Waikoloa | 2-Bedroom | 2BR,1BA | $2,500 |
| Lofts at Waikoloa East | 2-Bedroom | 2BR,1BA | $2,500 |
Best Value Apartments for Rent in Volcano, HI and Nearby
As of July 03, 2026 the best value apartment in the Volcano area is the $3.35 price per square foot 73-1207 Kuakapu St Model at 73-1207 Kuakapu St, Unit Ohana in the in the Kailua Kona neighborhood starting from $3,350. The second greatest value Volcano apartment is the 67-1066 Palekaiko Rd Model at 67-1066 Palekaiko Rd, Unit Ohana starting at $2,675 with a $3.34 price per square foot in the Kamuela neighborhood. Here is today’s list of the best values for Volcano apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 73-1207 Kuakapu St, Unit Ohana | 73-1207 Kuakapu St | 2BR,2BA | $3.35 |
| 67-1066 Palekaiko Rd, Unit Ohana | 67-1066 Palekaiko Rd | 2BR,1BA | $3.34 |
| Lofts at Waikoloa East | 2-Bedroom | 2BR,1BA | $3.61 |
| Lofts at Waikoloa | 2-Bedroom | 2BR,1BA | $4.15 |
| 260 Kaiulani St, Unit Kaiulani St | 260 Kaiulani St | 1BR,1BA | $3.15 |
| Hale Kaloko | Haven | Studio ,1BA | $4.86 |
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 ArticleReal 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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Volcano, HI Area Reviews
Carl • 4+ years in Volcano
February 25, 2025Volcano known as puna well no one's from puna ha quote pele
Frequently Asked Questions about Cheap Volcano Apartments
What is the Cheapest Studio apartment in Volcano?
Currently the most affordable Cheap Studio Apartment in Volcano is at Hale Kaloko listed at $1,600.
What is the lowest price for a Cheap Two Bedroom Volcano Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Volcano is starting from $2,500 at Lofts at Waikoloa.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.