Cheap Apartments for Rent in Volcano, HI from $1,000 (20 Rentals)

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

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.

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.

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City View Apartments
2 to 3 Bedroom Apartments

City View Apartments

230 Kapiolani StHilo, HI 96720
  • Utilities Included

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.

Volcano, HI Local Guide

Cheapest Neighborhoods for Apartments in Volcano, HI

Pricing Updated: 07/03/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Ocean View$2,095$55810

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 ListingModel NameBed/BathPriced From
Hale KalokoTraditional UnitStudio,1BA$1,600
Lofts at Waikoloa2-Bedroom2BR,1BA$2,500
Lofts at Waikoloa East2-Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
73-1207 Kuakapu St, Unit Ohana73-1207 Kuakapu St2BR,2BA$3.35
67-1066 Palekaiko Rd, Unit Ohana67-1066 Palekaiko Rd2BR,1BA$3.34
Lofts at Waikoloa East2-Bedroom2BR,1BA$3.61
Lofts at Waikoloa2-Bedroom2BR,1BA$4.15
260 Kaiulani St, Unit Kaiulani St260 Kaiulani St1BR,1BA$3.15
Hale KalokoHavenStudio ,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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Volcano, HI Area Reviews

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Carl4+ years in Volcano

February 25, 2025

Volcano 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

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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.

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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.

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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.

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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.