Cheap Apartments for Rent near Wake Island, HI from $900 (29 Rentals)

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

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Naulu
Studio to 4 Bedroom Apartments

Naulu

99-009 Kalaloa StAiea, HI 96701

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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2135 Eluwene St
Studio to 2 Bedroom Apartments

2135 Eluwene St

2135 Eluwene StHonolulu, HI 96819
  • Utilities Included
property at 2888 Ala Ilima St

$1,800 - $2,000

Studio To 1 Bedroom Rentals

Available Now

2888 Ala Ilima St

HonoluluHI96818

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.

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Showing Results 1-29, Page 1 of 1

Wake Island, HI Local Guide

Cheapest Available Wake Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wake Island, 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 Wake Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
620 Dillingham Blvd ApartmentsStudioStudio,1BA$980
Cloudbreak HawaiiBuilding 37Studio,$1,000
Waikiki VistaStudioStudio,1BA$1,200
Weinberg HaleStudioStudio,1BA$1,250
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,465
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$1,577
1060 BishopStudio 1 BathroomStudio,1BA$1,800
Waikiki Whale WatcherFully Furn Studio Long termStudio,1BA$1,950

Best Value Apartments for Rent in Wake Island, HI and Nearby

As of August 23, 2026 the best value apartment in the Wake Island 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 Wake Island apartment is the 4-Bedroom Model at Kalo Terrace starting at $799 with a $0.59 price per square foot in the Kapahulu neighborhood. Here is today’s list of the best values for Wake Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
KalaeloaKaimana 3/2.5 1402sf Townhome3BR,2.5BA$3.08
Kalo Terrace4-Bedroom4BR,2BA$0.59
Weinberg HaleStudioStudio ,1BA$1.00
Moanalua Hillside ApartmentsThe Duke2BR,1BA$2.93
Napili Towers2 Bdrm - Plan42BR,1BA$3.17
Punahou Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$3.28
2612 Kapiolani2 Bedroom 1 Bathroom2BR,1BA$3.38
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.82
Waikiki VistaStudioStudio ,1BA$2.86
1506 Piikoi St1 Bedroom1BR,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.

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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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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 Cheap Wake Island Apartments

What is the Cheapest Studio apartment in Wake Island?

Currently the most affordable Cheap Studio Apartment in Wake Island is at 620 Dillingham Blvd Apartments listed at $980.

How much is rent for a Cheap One Bedroom Wake Island Apartment?

The lowest price for a Cheap One Bedroom Wake Island Apartment is $900 at 1506 Piikoi St.

What is the lowest price for a Cheap Two Bedroom Wake Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wake Island is starting from $1,872 at Halewai'olu Senior Residences.

What is the most affordable Wake Island Three Bedroom Apartment?

The best deal on a cheap Wake Island Three Bedroom Apartment rental is at Kapilina Beach Homes and starts from $2,819.

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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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.

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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.

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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.

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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.