Average Rent in 96814, Urban Honolulu, HI

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Current Versus Historical 96814, Urban Honolulu, HI Rents

96814 rentals average $2,550 for a studio rental to $1,800 for a 4-bedroom rental. The median price of all currently available listings is $3,900, or roughly $5 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $233 (9.96%) year-over-year from $2,342 to $2,575. 1-bedroom rentals prices have increased by $642 (22.45%) year-over-year from $2,858 to $3,500. 2-bedroom rentals prices have decreased by $93 (-2.28%) year-over-year from $4,093 to $4,000. 3-bedroom rentals prices have decreased by $75 (-1.16%) year-over-year from $6,475 to $6,400. 4-bedroom rentals prices have decreased by $2,342 (-47.39%) year-over-year from $4,942 to $2,600. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 15.30% this month. 1-bedroom rents have gone up by 16.02% this month. 2-bedroom rents have gone down by 2.93% this month. 3-bedroom rents have gone down by 21.31% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.19 $2,575 $2,342 (9.96%) $1,398 (84.15%)
1 BR $5.39 $3,500 $2,858 (22.45%) $1,433 (144.19%)
2 BR $4.63 $4,000 $4,093 (-2.28%) $3,033 (31.87%)
3 BR $6.15 $6,400 $6,475 (-1.16%) $4,742 (34.97%)
4+ BR $1.82 $2,600 $4,942 (-47.39%) $14,571 (-82.16%)

Historical Rents in 96814, Urban Honolulu, HI

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 96814

There are a total of 3 cities nearby 96814. The average rent in 96814 is currently $4,500 per month. Only one city nearby has an average rent lower than that. Our records show that Urban Honolulu, HI, with an average rent of $2,600, is the most affordable city nearby. In contrast, the most expensive city near 96814, Urban Honolulu, HI is East Honolulu, HI. Monthly rents here are on average $5,175 per month.

Let's compare 96814, Urban Honolulu, HI's rent against other top cities nearby by bedroom size. Typically, rent for studios in 96814, Urban Honolulu, HI is 39.22% more expensive than other cities nearby. One bedrooms are about 34.29% more expensive. Two bedrooms in 96814, Urban Honolulu, HI are about 33.33% more expensive. Finally, rent for three bedrooms are about 75.56% more expensive. Want more information? Check out the top 3 cities near 96814, Urban Honolulu, HI in the following chart.
City Studio 1 Bed 2 Bed All
Urban Honolulu, HI $1,700 $2,300 $3,200 $2,600
Kailua, HI N/A $2,300 $2,795 $4,500
East Honolulu, HI $1,550 $2,450 $4,500 $5,175

Top Neighborhoods Near 96814

There are a total of 5 neighborhoods in or near 96814. Some of these neighborhoods include Waikiki, Makakilo - Kapolei - Honokai Hale, and Ewa. We've included all of these top 5 neighborhoods in or near 96814, Urban Honolulu, HI in the following chart.

The average rent for these 5 neighborhoods in or near 96814, Urban Honolulu, HI is currently around $3,500 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 96814, Waikiki has the most affordable average rent at $2,595 per month. Whereas, at $4,500 average rent per month, Kailua is the most expensive neighborhood in or near 96814. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Waikiki, Urban Honolulu, HI $1,850 $2,500 $3,450 $2,595
Makakilo - Kapolei - Honokai Hale, Makakilo, HI N/A N/A $3,000 $3,475
Ewa, Honolulu County, HI $2,300 $2,150 $2,400 $3,500
Ala Moana - Kakaako, Urban Honolulu, HI $2,550 $3,300 $4,775 $3,775
Kailua, Honolulu County, HI N/A $2,300 $2,795 $4,500

Top Counties Near 96814

There are a total of 5 counties located by 96814, Urban Honolulu, HI. The average rent for rentals in these counties is $2,800. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Honolulu, HI. It's average rent per month is $2,800. Vice versa, with an average rent of $2,800, Honolulu, HI is the most expensive county by 96814, Urban Honolulu, HI.

Typically, rent for studios in 96814, Urban Honolulu, HI is 33.33% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 96814, Urban Honolulu, HI is 37.14% more expensive than other counties nearby. Finally, rent for two bedrooms in 96814, Urban Honolulu, HI is 41.67% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Honolulu, HI $1,700 $2,200 $2,800 $2,800

Top Zipcodes Near 96814

There are a total of 4 zipcodes in or near 96814, Urban Honolulu, HI. The average rent for all of these zipcodes is $3,488. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 96815, Urban Honolulu, HI at $2,663 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 96734, Honolulu County, HI.

Studios in these zipcodes have an average rent of $925. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 96814, Urban Honolulu, HI is $2,225 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,898 per month. Which comes out to $3 per sqft. The following chart includes the top 4 zipcodes in 96814, Urban Honolulu, HI. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
96815, Urban Honolulu, HI $1,850 $2,500 $3,500 $2,663
96734, Honolulu County, HI N/A $2,300 $2,795 $4,500
96707, Honolulu County, HI N/A N/A $3,000 $3,475
96706, Ewa Gentry, HI $2,300 $2,150 $2,400 $3,500

Frequently Asked Questions - 96814 Average Rents

What is the average rent price in 96814, Urban Honolulu, HI?
The average monthly rental price for 96814, Urban Honolulu, HI apartments for rent is approximately $3,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 96814, Urban Honolulu, HI rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 96814, Urban Honolulu, HI.
How much is a studio apartment in 96814, Urban Honolulu, HI?
The average monthly rental price for studio apartments is $2,550 and an average price per square feet of $6.19. There are a total of 12 studio apartment listings currently available for rent in 96814.
How much is a one bedroom apartment in 96814, Urban Honolulu, HI?
The average monthly rental price for one bedroom apartments is $3,500 and an average price per square feet of $5.39. There are a total of 45 one bedroom apartment listings currently available for rent in 96814.
How much is a two bedroom apartment in 96814, Urban Honolulu, HI?
The average monthly rental price for two bedroom apartments is $4,800 and an average price per square feet of $4.63. There are a total of 39 two bedroom apartment listings currently available for rent in 96814.
How have rent prices in 96814, Urban Honolulu, HI changed this year?
Rent prices for rentals in 96814, Urban Honolulu, HI can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.22%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.01% year-over-year.
What is a reasonable rent price in 96814, Urban Honolulu, HI?
A reasonable rent price in 96814, Urban Honolulu, HI is around $3,120/month. You can search for these reasonably priced rental listings on RentHop.
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