
Cheap Homes for Rent near Wake Island, HI from $1,600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Wake Island.


3045 Ala Napuaa Pl
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.

1905 Kalihi St

150 N King St
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.

909 Ala Lilikoi St
Wake Island, HI Local Guide

How much does it cost to rent a home in Wake Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wake Island 2 Bedroom Homes for Rent | $2,561 | $1,750 | $4,500 |
| Wake Island 3 Bedroom Homes for Rent | $2,950 | $2,200 | $3,500 |
| Wake Island 4 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in Wake Island
Explore Wake Island
Wake Island, HI Local Guide
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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 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 |
Best Value Apartments for Rent in Wake Island, HI and Nearby
As of August 22, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kalaeloa | Kaimana 3/2.5 1402sf Townhome | 3BR,2.5BA | $3.08 |
| Kalo Terrace | 4-Bedroom | 4BR,2BA | $0.59 |
| Weinberg Hale | Studio | Studio ,1BA | $1.00 |
| Moanalua Hillside Apartments | The Duke | 2BR,1BA | $2.93 |
| Napili Towers | 2 Bdrm - Plan4 | 2BR,1BA | $3.17 |
| Punahou Heights | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $3.28 |
| 2612 Kapiolani | 2 Bedroom 1 Bathroom | 2BR,1BA | $3.38 |
| Halewai'olu Senior Residences | 1 Bed, 1 bath | 1BR,1BA | $2.82 |
| Waikiki Vista | Studio | Studio ,1BA | $2.86 |
| 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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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 Wake Island, HI Rentals by Map
See the most popular apartments and homes in Wake Island, HI
Frequently Asked Questions about Wake Island
What type of rentals are currently available in Wake Island?
There are currently 50 Apartments for Rent in Wake Island, HI with pricing that ranges from $900 to $10,923. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake Island ranging from $1,600 to $4,500.
What is the current price range for Rental Homes in Wake Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wake Island ranges from $1,600 to $4,500 with an average monthly rent of $2,684.
How much are larger Three and Four Bedroom Rentals in Wake Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wake Island range from $1,095 to $10,923, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $3,500. Four Bedroom Single-Family rentals are also available starting from $4,500 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

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.

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.