Rental market trends in Honolulu, HI

from Rent.com

Average Apartment Cost in Honolulu, HI

The average rent for apartments in Honolulu, HI, is between $2,705 and $5,970 in 2022. For a studio apartment in Honolulu, HI, the average rent is $2,705. When it comes to 1-bedroom apartments, the average rent in Honolulu, HI, is $3,085. For a 2-bedroom apartment, the average rent is $4,940. The average rent for a 3-bedroom apartment in Honolulu, HI, is $5,970….

What are the most affordable neighborhoods in Honolulu, HI?

The most affordable neighborhoods in Honolulu are Kuakini, where the average 1-bedroom apartment rent goes for $1,000, Nuuanu - Punchbowl, where renters pay $1,200 on average for a 1-bedroom apartment, and Hickham, where the average 1-bedroom apartment rent goes for $1,200. If you're looking for other great deals, check out the listings in Ala Moana - Kakaako ($1,295 for a 1-bedroom apartment) or Palama ($1,295 for a 1-bedroom apartment), compared to the $3,085 average for a Honolulu 1-bedroom apartment.

What are the most expensive neighborhoods in Honolulu, HI?

The most expensive neighborhoods in Honolulu are Diamond Head - Kapahulu - St. Louis, where the average 1-bedroom apartment rent goes for $4,700, Waikiki, where renters pay $3,095 on average for a 1-bedroom apartment, and Zone 2, where the average 1-bedroom apartment rent goes for $3,080. If you're looking for other premium neighborhoods, check out the listings in Kakaako ($2,700 for a 1-bedroom apartment) or Manoa ($2,695 for a 1-bedroom apartment), compared to the $3,085 average for a Honolulu 1-bedroom apartment.

read … Full Report

KHON: Think your Hawaii rent is high? It probably is