
Cheap Homes for Rent near Waimalu, HI from $1,100 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Waimalu.


98-1038 Moanalua Rd, Unit 201a

99-1056-1056 Manako Pl

936 Lehua Ave

1313 Hoowali St
Your Guide to the Aloha Life: The Top Value Neighborhoods for Renting in Honolulu
Find your perfect spot in paradise! Explore Honolulu's most vibrant and budget-friendly neighborhoods for renting, from Waikīkī to family-friendly McCully

lot 98-402-402 Koauka Loop

98-1038-1038 Moanalua Rd

98-410-410 Koauka Loop

98-500-500 Koauka Loop

98-164 Hekaha St
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.

98-164A Hekaha 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 | $2,696 | $1,700 | $4,650 |
| Waimalu 3 Bedroom Homes for Rent | $3,920 | $3,200 | $5,800 |
| Waimalu 4 Bedroom Homes for Rent | $4,800 | $3,900 | $5,500 |
| Waimalu 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
| Waimalu 6 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Top Homes for Rent in Waimalu
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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. 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 Waimalu apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1506 Piikoi St | 1 Bedroom | 1BR,1BA | $900 |
| 620 Dillingham Blvd Apartments | Studio | Studio,1BA | $980 |
| Cloudbreak Hawaii | Building 37 | Studio, | $1,000 |
| Weinberg Hale | Studio | Studio,1BA | $1,250 |
| Kokua Hale | Studio | Studio,1BA | $1,310 |
Best Value Apartments for Rent in Waimalu, HI and Nearby
As of August 30, 2026 the best value apartment in the Waimalu 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 Waimalu apartment is the Studio Model at Weinberg Hale starting at $1,250 with a $1.00 price per square foot in the Kapahulu 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. |
|---|---|---|---|
| Kalaeloa | Kaimana 3/2.5 1402sf Townhome | 3BR,2.5BA | $3.08 |
| Weinberg Hale | Studio | Studio ,1BA | $1.00 |
| The Villas at Royal Kunia | Model E | 2BR,1.5BA | $3.58 |
| Napili Towers | 2 Bdrm - Plan4 | 2BR,1BA | $3.17 |
| Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $3.28 |
| Waena Apartments | Kiele - Ilima - Maile | 1BR,1BA | $3.84 |
| Halewai'olu Senior Residences | 1 Bed, 1 bath | 1BR,1BA | $2.82 |
| Hale Mahana Apartments | A2 | 1BR,1BA | $4.20 |
| Kewalo Apartments | Studio | Studio ,1BA | $4.58 |
| 1506 Piikoi St | 1 Bedroom | 1BR,1BA | $3.00 |
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waimalu
What type of rentals are currently available in Waimalu?
There are currently 164 Apartments for Rent in Waimalu, HI with pricing that ranges from $900 to $10,923. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waimalu ranging from $1,100 to $5,800.
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 $1,100 to $5,800 with an average monthly rent of $3,266.
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 $1,095 to $10,923, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $5,800. Four Bedroom Single-Family rentals are also available starting from $3,900 and Four Bedroom Apartments start at $1,575.
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.

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.

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.

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.