Honolulu, HI Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Honolulu is $2,173, a 9.18% increase compared to the previous year, when the average rent was $1,990.
Studio Apartments at $1,840 offer the most budget-friendly option with 363 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 581 square feet for $2,276, balancing privacy and affordability.
Two-beedroom units at $2,772 offer 790 square feet, perfect for roommates or small families.
Average rent in Honolulu, HI
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,173 | 543 sq. ft. |
| Studio | $1,840 | 363 sq. ft. |
| 1 Bed | $2,276 | 581 sq. ft. |
| 2 Beds | $2,772 | 790 sq. ft. |
| 3 Beds | n/a | n/a |
Honolulu, HI rent trends
Rental prices in Honolulu, HI have increased by 9.18% over the past year. The average rent moved from $1,990 to $2,173.
What's the typical rent budget in Honolulu, HI?
The largest share of rentals in Honolulu, HI (23%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Honolulu, HI?
68,160 or 48% of the households in Honolulu, HI are renter-occupied while 73,681 or 52% are owner-occupied.
Most affordable neighborhoods in Honolulu?
Pawaa $1,314/month
Chinatown $1,484/month
Makiki $1,574/month
All of these neighborhoods fall below the city wide average of $2,173/month.Most expensive neighborhoods in Honolulu?
Moiliili $1,674/month
Palama $2,515/month
Waikiki $3,122/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Honolulu, HI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Waikiki | $3,122 |
| Palama | $2,515 |
| Moiliili | $1,674 |
| Makiki | $1,574 |
| Chinatown | $1,484 |
| Pawaa | $1,314 |
Honolulu | Rent Comparison by Neighborhood
Rent in Chinatown is 6% lower than in Makiki
Chinatown rent is 32% lower than Honolulu average
Makiki rent is 28% lower than Honolulu average
How Honolulu Compares to Other Cities
| City | Average Rent |
|---|---|
| Honolulu | $2,173 |
| Oahu | $2,762 |
| Waipahu | $2,651 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Honolulu apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.