
Cheap Homes for Rent in Waimalu, HI from $1,700 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Waimalu.


723 Hoomalimali St

98-383-383 Pono St

936 Lehua Ave

2319 Ahaiki St

1313 Hoowali 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.

98-630-731 Moanalua Loop

1278 Nanakai St

99-225-225 Ohekani Lp

96-226-226 Waiawa Rd

99-036 Moanalua Rd

lot 98-402-402 Koauka Loop
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.

98-402-402 Koauka Loop

98-351-351 Koauka Loop

98-142-142 Lipoa Pl

1655 Ho?olaule?a St

96-159-159 Waiawa Rd

98-410-410 Koauka Loop
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.

96-239-159 Waiawa Rd

98-1425-1425 Kamahao St
Waimalu, HI Local Guide

How much does it cost to rent a home in Waimalu?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waimalu 2 Bedroom Homes for Rent | $2,432 | $1,900 | $3,400 |
| Waimalu 3 Bedroom Homes for Rent | $3,796 | $2,800 | $7,500 |
| Waimalu 4 Bedroom Homes for Rent | $4,220 | $4,100 | $4,600 |
| Waimalu 5 Bedroom Homes for Rent | $5,100 | $4,700 | $5,500 |
Browse Top Homes for Rent in Waimalu
Explore Waimalu
Waimalu, HI Local Guide
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Cheapest Available Waimalu Apartments for Rent and Nearby
 The cheapest available apartment rental in Waimalu, HI is a 1 Bed unit found at 1506 Piikoi St in the Honolulu Ahupua`a neighborhood priced from $900. Cloudbreak Hawaii in the Makakilo Kapolei Honokai Hale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Waimalu apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1506 Piikoi St | 1 Bedroom | 1BR,1BA | $900 |
| Cloudbreak Hawaii | Building 37 | Studio, | $1,000 |
| Weinberg Hale | Studio | Studio,1BA | $1,250 |
| Kokua Hale | Studio | Studio,1BA | $1,310 |
| Kewalo Apartments | Studio | Studio,1BA | $1,465 |
Best Value Apartments for Rent in Waimalu, HI and Nearby
As of April 15, 2026 the best value apartment in the Waimalu area is the $2.88 price per square foot Orchid Model at Kapilina Beach Homes in the in the Ewa neighborhood starting from $3,543. The second greatest value Waimalu apartment is the Kaimana 2/1.5 1126sf Townhome Model at Kalaeloa starting at $3,388 with a $3.01 price per square foot in the Makakilo Kapolei Honokai Hale neighborhood. Here is today’s list of the best values for Waimalu apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kapilina Beach Homes | Orchid | 4BR,2BA | $2.88 |
| Kalaeloa | Kaimana 2/1.5 1126sf Townhome | 2BR,1.5BA | $3.01 |
| The Villas at Royal Kunia | Model I | 3BR,1.5BA | $3.68 |
| Waikahe | Two bedroom | 2BR,1BA | $2.73 |
| Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $3.28 |
| Olino at Puuloa Apartments | Two Bedroom, One Bath | 2BR,1BA | $3.41 |
| Waena Apartments | Kiele - Ilima - Maile | 1BR,1BA | $3.95 |
| Halewai'olu Residences 55+ | 1 Bed, 1 bath | 1BR,1BA | $2.76 |
| Weinberg Hale | Studio | Studio ,1BA | $3.12 |
| 1506 Piikoi St | 1 Bedroom | 1BR,1BA | $3.00 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waimalu, HI Rentals by Map
See the most popular apartments and homes in Waimalu, HI
Frequently Asked Questions about Waimalu
What type of rentals are currently available in Waimalu?
There are currently 160 Apartments for Rent in Waimalu, HI with pricing that ranges from $900 to $6,420. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waimalu ranging from $1,750 to $7,500.
What is the current price range for Rental Homes in Waimalu?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waimalu ranges from $1,750 to $7,500 with an average monthly rent of $3,290.
How much are larger Three and Four Bedroom Rentals in Waimalu?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waimalu range from $1,000 to $4,442, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,800 to $7,500. Four Bedroom Single-Family rentals are also available starting from $4,100 and Four Bedroom Apartments start at $1,325.
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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.