Best Affordable Neighborhoods in Honolulu, HI
Some of the cheapest neighborhoods in Honolulu are Nuuanu-Punchbowl, Manoa, and Makiki-Lower Punchbowl-Tantalu. These neighborhoods offer some of the lowest rent prices in Honolulu, making them ideal for renters on a budget. As of May 1, 2026, the average rent in Honolulu is $1,734, which is 0.2% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Nuuanu-Punchbowl
Average Rent
$1,758/Month
Year-Over-Year Rent Change
1.2%
Units Available
21 Rentals
Nuuanu-Punchbowl combines historical depth with natural beauty, offering a peaceful environment. The area is known for lush landscapes and historic landmarks like the Nuuanu Pali Lookout. Affordable housing and proximity to downtown make it an attractive option for budget-conscious renters.
Manoa
Average Rent
$1,788/Month
Year-Over-Year Rent Change
1%
Units Available
18 Rentals
Surrounded by lush greenery, Manoa provides a serene retreat from the city's hustle. Known for its picturesque scenery and cool climate, this area is ideal for those who appreciate nature. Close to the University of Hawaii, Manoa offers a quiet ambiance with easy access to educational resources.
Makiki-Lower Punchbowl-Tantalu
Average Rent
$1,922/Month
Year-Over-Year Rent Change
1.1%
Units Available
19 Rentals
Makiki-Lower Punchbowl-Tantalus boasts a scenic hillside location with sweeping views of Honolulu. The neighborhood features numerous parks and hiking trails, perfect for outdoor enthusiasts. With its proximity to downtown, residents enjoy both tranquility and convenience.
Mccully-Moiliili
Average Rent
$2,272/Month
Year-Over-Year Rent Change
2.4%
Units Available
35 Rentals
Mccully-Moiliili offers an eclectic mix of dining, shopping, and entertainment options. The neighborhood's central location provides easy access to Waikiki and Ala Moana. Residents appreciate the affordability and vibrant local culture that define this area.
Downtown Honolulu
Average Rent
$2,398/Month
Year-Over-Year Rent Change
2.4%
Units Available
30 Rentals
Downtown Honolulu provides an exciting blend of historical sites and contemporary attractions. This area's affordable housing options make it accessible for those on a budget. With numerous shopping, dining, and entertainment venues, as well as the Punchbowl Crater in the backdrop, residents enjoy a lively urban experience.
Ala Moana-Kakaako
Average Rent
$3,189/Month
Year-Over-Year Rent Change
1.3%
Units Available
14 Rentals
Ala Moana-Kakaako is an affordable neighborhood in Honolulu with an average rent price of $3,189. Compare this to the city average of $1,734. In the past year, rent prices have increased by 1.3%. Ala Moana-Kakaako provides easy access to Lili'uokalani Botanical Garden, University of Hawaii at Manoa, and Iolani Palace State Monument.
Diamond Head-Kapahulu-St Louis
Average Rent
$3,235/Month
Year-Over-Year Rent Change
1.2%
Units Available
69 Rentals
If you’re looking for a great, affordable neighborhood in Honolulu, Diamond Head-Kapahulu-St Louis might be the perfect place! It has an average rent price of $3,235, while the city’s average stands at $1,734. In the last year, prices have increased by 1.2%. Diamond Head-Kapahulu-St Louis is near 3133 Waialae Center, Hawaii Pacific Univ, Downtown, and Waikiki Aquarium.
Waikiki
Average Rent
$3,360/Month
Year-Over-Year Rent Change
1.2%
Units Available
115 Rentals
Waikiki is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waikiki is $3,360 while the city average is $1,734. This is a -1.2% difference from last year. Residents enjoy convenient access to Hawaii Nature Center-Oahu, DFS Galleria Waikiki, and Royal Hawaiian Shopping Center.
Ready to make your move to Honolulu? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.