Average Rent in Waikiki, Urban Honolulu, HI

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Current Versus Historical Waikiki, Urban Honolulu, HI Rents

Waikiki rentals average $2,295 for a 1-bedroom rental to $4,325 for a 2-bedroom rental. The median price of all currently available listings is $2,900, or roughly $48 per square feet.

For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $127 (9.61%) year-over-year from $1,318 to $1,445. 1-bedroom rentals prices have increased by $923 (44.57%) year-over-year from $2,072 to $2,995. 2-bedroom rentals prices have increased by $1,380 (31.58%) year-over-year from $4,370 to $5,750. 3-bedroom rentals prices have decreased by $1,253 (-18.56%) year-over-year from $6,748 to $5,495. 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 8.78% this month. 1-bedroom rents have gone up by 29.00% this month. 2-bedroom rents have gone up by 29.00% this month. 3-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$2,995	$2,072 (44.57%)	$2,217 (35.11%)
2 BR	$47.56	$5,750	$4,370 (31.58%)	$3,158 (82.06%)

Historical Rents in Waikiki, Urban Honolulu, HI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Waikiki

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Waikiki

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Waikiki

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Waikiki

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Waikiki Average Rents

What is the average rent price in Waikiki, Urban Honolulu, HI?

The average monthly rental price for Waikiki, Urban Honolulu, HI apartments for rent is approximately $2,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Waikiki, 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 Waikiki, Urban Honolulu, HI.

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

The average monthly rental price for one bedroom apartments is $2,295. There are a total of 3 one bedroom apartment listings currently available for rent in Waikiki.

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

The average monthly rental price for two bedroom apartments is $4,325 and an average price per square feet of $47.56. There are a total of 2 two bedroom apartment listings currently available for rent in Waikiki.

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

Rent prices for rentals in Waikiki, Urban Honolulu, HI can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.45%, two bedroom rental prices have changed by 0.32%, three bedroom rental prices have changed by -0.19% year-over-year.

What is a reasonable rent price in Waikiki, Urban Honolulu, HI?

A reasonable rent price in Waikiki, Urban Honolulu, HI is around $2,320/month. You can search for these reasonably priced rental listings on RentHop.