Cheap Apartments for Rent in Wake Island, HI from $600 (32 Rentals)

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

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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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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Naulu
Studio to 4 Bedroom Apartments

Naulu

99-009 Kalaloa StAiea, HI 96701
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2135 Eluwene St
Studio to 2 Bedroom Apartments

2135 Eluwene St

2135 Eluwene StHonolulu, HI 96819
  • 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.

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Dynasty Terrace
1 to 2 Bedroom Apartments

Dynasty Terrace

94-123 Pupunohe StWaipahu, HI 96797
property at 1255 Nuuanu Ave

$1,900 - $2,800

1 Bedroom Rentals

Available Now

1255 Nuuanu Ave

HonoluluHI96817

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.

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Showing Results 1-32, 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. 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 Wake Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1506 Piikoi St1 Bedroom1BR,1BA$900
Cloudbreak HawaiiBuilding 37Studio,$1,000
Waikiki VistaStudioStudio,1BA$1,200
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$1,201
Weinberg HaleStudioStudio,1BA$1,250
Kokua HaleStudioStudio,1BA$1,310
Kewalo ApartmentsStudioStudio,1BA$1,465
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$1,545
Moana Vista ApartmentsStudioStudio,1BA$1,645
1060 BishopStudio 1 BathroomStudio,1BA$1,650

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

As of May 24, 2026 the best value apartment in the Wake Island area is the $0.59 price per square foot 4-Bedroom Model at Kalo Terrace in the in the Kapahulu neighborhood starting from $799. The second greatest value Wake Island apartment is the Orchid Model at Kapilina Beach Homes starting at $3,904 with a $3.17 price per square foot in the Ewa 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.
Kalo Terrace4-Bedroom4BR,2BA$0.59
Kapilina Beach HomesOrchid4BR,2BA$3.17
KalaeloaKaimana 2/1.5 1126sf Townhome2BR,1.5BA$3.01
The Villas at Royal KuniaModel H2BR,1.5BA$3.10
Napili Towers2 Bdrm - Plan42BR,1BA$3.56
Halewai'olu Senior Residences1 Bed, 1 bath1BR,1BA$2.76
Royal Kinau 62+ Senior Apartments1 Bedroom1BR,1BA$2.22
Waikiki VistaStudioStudio ,1BA$2.86
Weinberg HaleStudioStudio ,1BA$3.12
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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Quick 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.

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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 Cloudbreak Hawaii listed at $1,000.

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 $1,999 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 Waena Apartments and starts from $2,750.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.