Average Rent in Honolulu, HI

Current Versus Historical Honolulu, HI Rents

Honolulu 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 $17 (1.09%) year-over-year from $1,533 to $1,550. 1-bedroom rentals prices have increased by $494 (26.99%) year-over-year from $1,831 to $2,325. 2-bedroom rentals prices have increased by $483 (20.00%) year-over-year from $2,417 to $2,900. 3-bedroom rentals prices have increased by $200 (6.06%) year-over-year from $3,300 to $3,500. 4-bedroom rentals prices have increased by $133 (3.20%) year-over-year from $4,167 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 3.13% this month. 1-bedroom rents have gone up by 12.05% this month. 2-bedroom rents have gone up by 9.43% this month. 3-bedroom rents have gone up by 1.45% this month. 4-bedroom rents have gone down by 0.77% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.57	$1,550	$1,533 (1.09%)	$1,367 (13.41%)
1 BR	$3.89	$2,325	$1,831 (26.99%)	$1,533 (51.63%)
2 BR	$3.24	$2,900	$2,417 (20.00%)	$2,028 (42.97%)
3 BR	$2.74	$3,500	$3,300 (6.06%)	$2,930 (19.45%)
4+ BR	$2.80	$4,300	$4,167 (3.20%)	$3,567 (20.56%)

Historical Rents in Honolulu, HI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Honolulu

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

Let's compare Honolulu, HI's rent against other top cities nearby by bedroom size. Typically, rent for studios in Honolulu, HI is 8.82% more expensive than other cities nearby. One bedrooms are about 4.55% more affordable. Two bedrooms in Honolulu, HI are about 14.29% more affordable. Finally, rent for three bedrooms are about 23.08% more affordable. Want more information? Check out the top 3 cities near 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 Honolulu

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

The average rent for these 5 neighborhoods in or near Honolulu, HI 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 Honolulu's average rent, which is only $2,800. Out of all the neighborhoods in or near Honolulu, 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 Honolulu. 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 Honolulu

There are a total of 5 counties located by Honolulu, HI. The average rent for rentals in these counties is $2,550. 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 Hawaii, HI. It's average rent per month is $2,550. Vice versa, with an average rent of $2,550, Hawaii, HI is the most expensive county by Honolulu, HI.

Typically, rent for studios in Honolulu, HI is 4.41% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Honolulu, HI is 6.82% more expensive than other counties nearby. Finally, rent for two bedrooms in Honolulu, HI is 3.57% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.

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

Top Zipcodes Near Honolulu

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

The following chart includes the top 5 zipcodes in 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	$2,650
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 - Honolulu Average Rents

What is the average rent price in Honolulu, HI?

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

Do 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 Honolulu, HI.

How much is a studio apartment in Honolulu, HI?

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 94 studio apartment listings currently available for rent in Honolulu.

How much is a one bedroom apartment in Honolulu, HI?

The average monthly rental price for one bedroom apartments is $2,200 and an average price per square feet of $3.89. There are a total of 238 one bedroom apartment listings currently available for rent in Honolulu.

How much is a two bedroom apartment in Honolulu, HI?

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 272 two bedroom apartment listings currently available for rent in Honolulu.

How have rent prices in Honolulu, HI changed this year?

Rent prices for rentals in Honolulu, HI can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.27%, two bedroom rental prices have changed by 0.20%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Honolulu, HI?

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