Average Rent in Ala Moana - Kakaako, Urban Honolulu, HI

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Current Versus Historical Ala Moana - Kakaako, Urban Honolulu, HI Rents

Ala Moana - Kakaako rentals average $2,550 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,800, 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 $275 (12.09%) year-over-year from $2,275 to $2,550. 1-bedroom rentals prices have increased by $625 (21.74%) year-over-year from $2,875 to $3,500. 2-bedroom rentals prices have decreased by $267 (-6.64%) year-over-year from $4,017 to $3,750. 3-bedroom rentals prices have decreased by $642 (-9.96%) year-over-year from $6,442 to $5,800. 4-bedroom rentals prices have decreased by $3,942 (-79.76%) year-over-year from $4,942 to $1,000. 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 12.92% this month. 1-bedroom rents have gone up by 11.41% this month. 2-bedroom rents have gone down by 7.02% this month. 3-bedroom rents have gone down by 25.80% 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 $2,550 $2,275 (12.09%) $1,398 (82.36%)
1 BR $5.20 $3,500 $2,875 (21.74%) $1,763 (98.58%)
2 BR $4.63 $3,750 $4,017 (-6.64%) $3,108 (20.64%)
3 BR $5.03 $5,800 $6,442 (-9.96%) $4,525 (28.18%)

Historical Rents in Ala Moana - Kakaako, Urban Honolulu, HI

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Ala Moana - Kakaako

There are a total of 3 cities nearby Ala Moana - Kakaako. The average rent in Ala Moana - Kakaako 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 Ala Moana - Kakaako, Urban Honolulu, HI is East Honolulu, HI. Monthly rents here are on average $5,175 per month.

Let's compare Ala Moana - Kakaako, Urban Honolulu, HI's rent against other top cities nearby by bedroom size. Typically, rent for studios in Ala Moana - Kakaako, Urban Honolulu, HI is 39.22% more expensive than other cities nearby. One bedrooms are about 30.30% more expensive. Two bedrooms in Ala Moana - Kakaako, Urban Honolulu, HI are about 32.63% more expensive. Finally, rent for three bedrooms are about 64.80% more expensive. Want more information? Check out the top 3 cities near Ala Moana - Kakaako, 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 Ala Moana - Kakaako

There are a total of 4 neighborhoods in or near Ala Moana - Kakaako. Some of these neighborhoods include Waikiki, Makakilo - Kapolei - Honokai Hale, and Ewa. We've included all of these top 4 neighborhoods in or near Ala Moana - Kakaako, Urban Honolulu, HI in the following chart.

The average rent for these 4 neighborhoods in or near Ala Moana - Kakaako, Urban Honolulu, HI is currently around $3,488 per month. A total of 3 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 Ala Moana - Kakaako, Waikiki has the most affordable average rent at $2,548 per month. Whereas, at $4,500 average rent per month, Kailua is the most expensive neighborhood in or near Ala Moana - Kakaako. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Waikiki, Urban Honolulu, HI $1,850 $2,500 $3,450 $2,548
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
Kailua, Honolulu County, HI N/A $2,300 $2,795 $4,500

Top Counties Near Ala Moana - Kakaako

There are a total of 4 counties located by Ala Moana - Kakaako, 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 Ala Moana - Kakaako, Urban Honolulu, HI.

Typically, rent for studios in Ala Moana - Kakaako, Urban Honolulu, HI is 33.33% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Ala Moana - Kakaako, Urban Honolulu, HI is 33.33% more expensive than other counties nearby. Finally, rent for two bedrooms in Ala Moana - Kakaako, Urban Honolulu, HI is 41.05% 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 Ala Moana - Kakaako

There are a total of 5 zipcodes in or near Ala Moana - Kakaako, Urban Honolulu, HI. The average rent for all of these zipcodes is $3,500. 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 $2,650 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 $1,850. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Ala Moana - Kakaako, Urban Honolulu, HI is $2,300 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,000 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in Ala Moana - Kakaako, Urban Honolulu, HI. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
96814, Urban Honolulu, HI $2,550 $3,500 $4,775 $3,950
96815, Urban Honolulu, HI $1,850 $2,500 $3,500 $2,650
96734, Honolulu County, HI N/A $2,300 $2,795 $4,500
96706, Ewa Gentry, HI $2,300 $2,150 $2,400 $3,500
96707, Honolulu County, HI N/A N/A $3,000 $3,475

Frequently Asked Questions - Ala Moana - Kakaako Average Rents

What is the average rent price in Ala Moana - Kakaako, Urban Honolulu, HI?
The average monthly rental price for Ala Moana - Kakaako, Urban Honolulu, HI apartments for rent is approximately $3,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Ala Moana - Kakaako, 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 Ala Moana - Kakaako, Urban Honolulu, HI.
How much is a studio apartment in Ala Moana - Kakaako, 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 Ala Moana - Kakaako.
How much is a one bedroom apartment in Ala Moana - Kakaako, Urban Honolulu, HI?
The average monthly rental price for one bedroom apartments is $3,300 and an average price per square feet of $5.20. There are a total of 51 one bedroom apartment listings currently available for rent in Ala Moana - Kakaako.
How much is a two bedroom apartment in Ala Moana - Kakaako, Urban Honolulu, HI?
The average monthly rental price for two bedroom apartments is $4,750 and an average price per square feet of $4.63. There are a total of 43 two bedroom apartment listings currently available for rent in Ala Moana - Kakaako.
How have rent prices in Ala Moana - Kakaako, Urban Honolulu, HI changed this year?
Rent prices for rentals in Ala Moana - Kakaako, Urban Honolulu, HI can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.22%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by -0.10% year-over-year.
What is a reasonable rent price in Ala Moana - Kakaako, Urban Honolulu, HI?
A reasonable rent price in Ala Moana - Kakaako, Urban Honolulu, HI is around $3,040/month. You can search for these reasonably priced rental listings on RentHop.
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