Average Rent in Hawaii

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Current Versus Historical Hawaii Rents

Hawaii rentals average $1,700 for a studio rental to $6,000 for a 4-bedroom rental. The median price of all currently available listings is $2,800, or roughly $3 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 $12 (0.76%) year-over-year from $1,538 to $1,550. 1-bedroom rentals prices have increased by $475 (25.68%) year-over-year from $1,850 to $2,325. 2-bedroom rentals prices have increased by $418 (16.82%) year-over-year from $2,483 to $2,900. 3-bedroom rentals prices have increased by $188 (5.66%) year-over-year from $3,313 to $3,500. 4-bedroom rentals prices have increased by $67 (1.57%) year-over-year from $4,233 to $4,300. 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 down by 4.12% this month. 1-bedroom rents have gone up by 12.14% this month. 2-bedroom rents have gone up by 8.75% this month. 3-bedroom rents have gone up by 0.96% this month. 4-bedroom rents have gone down by 2.27% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.57	$1,550	$1,538 (0.76%)	$1,367 (13.41%)
1 BR	$3.85	$2,325	$1,850 (25.68%)	$1,533 (51.63%)
2 BR	$3.24	$2,900	$2,483 (16.82%)	$1,979 (46.53%)
3 BR	$2.81	$3,500	$3,313 (5.66%)	$2,932 (19.39%)
4+ BR	$2.84	$4,300	$4,233 (1.57%)	$3,567 (20.56%)

Historical Rents in Hawaii

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Hawaii

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

Let's compare Hawaii's rent against other top cities nearby by bedroom size. Typically, rent for studios in Hawaii is 8.82% more expensive than other cities nearby. One bedrooms are about 4.55% more affordable. Two bedrooms in Hawaii are about 14.29% more affordable. Finally, rent for three bedrooms are about 20.55% more affordable. Want more information? Check out the top 3 cities near Hawaii 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 Hawaii

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

The average rent for these 5 neighborhoods in or near Hawaii is currently around $3,500 per month. A total of one neighborhood has a lower average rent. Meaning, only four neighborhoods have a higher average rent than $3,500. Interestingly, the neighborhoods' average rent is higher than Hawaii's average rent, which is only $2,800. Out of all the neighborhoods in or near Hawaii, 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 Hawaii. 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
Ala Moana - Kakaako, Urban Honolulu, HI	$2,550	$3,300	$4,750	$3,800
Kailua, Honolulu County, HI	N/A	$2,300	$2,795	$4,500

Top Counties Near Hawaii

There are a total of 5 counties located by Hawaii. The average rent for rentals in these counties is $2,675. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Hawaii, HI. It's average rent per month is $2,550. Vice versa, with an average rent of $2,800, Honolulu, HI is the most expensive county by Hawaii.

Typically, rent for studios in Hawaii is 2.21% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Hawaii is 3.41% more expensive than other counties nearby. Finally, rent for two bedrooms in Hawaii is 1.79% more expensive than other counties nearby. We've listed the top 2 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Hawaii, HI	$1,775	$2,050	$2,700	$2,550
Honolulu, HI	$1,700	$2,200	$2,800	$2,800

Top Zipcodes Near Hawaii

There are a total of 5 zipcodes in or near Hawaii. The average rent for all of these zipcodes is $3,500.

The following chart includes the top 5 zipcodes in Hawaii. 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	$2,650
96814, Urban Honolulu, HI	$2,550	$3,500	$4,775	$3,950
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 - Hawaii Average Rents

What is the average rent price in Hawaii?

The average monthly rental price for Hawaii apartments for rent is approximately $2,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Hawaii 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 Hawaii.

How much is a studio apartment in Hawaii?

The average monthly rental price for studio apartments is $1,700 and an average price per square feet of $4.57. There are a total of 103 studio apartment listings currently available for rent in Hawaii.

How much is a one bedroom apartment in Hawaii?

The average monthly rental price for one bedroom apartments is $2,200 and an average price per square feet of $3.85. There are a total of 262 one bedroom apartment listings currently available for rent in Hawaii.

How much is a two bedroom apartment in Hawaii?

The average monthly rental price for two bedroom apartments is $2,800 and an average price per square feet of $3.24. There are a total of 316 two bedroom apartment listings currently available for rent in Hawaii.

How have rent prices in Hawaii changed this year?

Rent prices for rentals in Hawaii can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.26%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Hawaii?

A reasonable rent price in Hawaii is around $2,240/month. You can search for these reasonably priced rental listings on RentHop.