Cheap Homes for Rent in Waipio, HI from $1,000 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Waipio.

property at 723 Hoomalimali St

$1,750 - $2,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,400

Total Monthly Price
$1,750 - $2,400

1 To 2 Bedroom Homes for Rent

Available Now

723 Hoomalimali St

Pearl CityHI96782

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

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Waipio, HI Local Guide

Cheapest Available Waipio Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waipio, 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 Waipio apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Cloudbreak HawaiiBuilding 37Studio,$1,000
Weinberg HaleStudioStudio,1BA$1,250
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,465

Best Value Apartments for Rent in Waipio, HI and Nearby

As of April 11, 2026 the best value apartment in the Waipio 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 Waipio 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 Waipio apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kapilina Beach HomesOrchid4BR,2BA$2.88
KalaeloaKaimana 2/1.5 1126sf Townhome2BR,1.5BA$3.01
WaikaheTwo bedroom2BR,1BA$2.73
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.28
Dynasty Terrace2 Bedroom 1 Bathroom2BR,1BA$3.08
Waena ApartmentsKiele - Ilima - Maile1BR,1BA$3.95
Halewai'olu Residences 55+1 Bed, 1 bath1BR,1BA$2.76
Waikiki Walina ApartmentsStudio - Plan C - RenovatedStudio ,1BA$3.60
Weinberg HaleStudioStudio ,1BA$3.12
1506 Piikoi St1 Bedroom1BR,1BA$3.00

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Frequently Asked Questions about Waipio

What type of rentals are currently available in Waipio?

There are currently 212 Apartments for Rent in Waipio, HI with pricing that ranges from $900 to $6,420. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waipio ranging from $1,000 to $8,000.

What is the current price range for Rental Homes in Waipio?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waipio ranges from $1,000 to $8,000 with an average monthly rent of $3,895.

How much are larger Three and Four Bedroom Rentals in Waipio?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waipio range from $1,000 to $4,447, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,800 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

decorative image for Your Guide to the Aloha Life: The Top Value Neighborhoods for Renting in Honolulu article

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.

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.