Cheapest Neighborhoods in Honolulu, HI
Some of the cheapest neighborhoods in Honolulu are Manoa, Mccully-Moiliili, and Nuuanu-Punchbowl. These neighborhoods offer some of the lowest rent prices in Honolulu, making them ideal for renters on a budget. As of September 14, 2026, the average rent in Honolulu is $1,750, which is 1.1% higher 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.
Manoa
Average Rent
$1,739/Month
Year-Over-Year Rent Change
1.4%
Units Available
11 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.
Mccully-Moiliili
Average Rent
$2,178/Month
Year-Over-Year Rent Change
2%
Units Available
17 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.
Nuuanu-Punchbowl
Average Rent
$2,205/Month
Year-Over-Year Rent Change
1.5%
Units Available
18 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.
Makiki-Lower Punchbowl-Tantalu
Average Rent
$2,406/Month
Year-Over-Year Rent Change
1.7%
Units Available
24 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.
Downtown Honolulu
Average Rent
$2,962/Month
Year-Over-Year Rent Change
2.4%
Units Available
24 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.
Diamond Head-Kapahulu-St Louis
Average Rent
$2,987/Month
Year-Over-Year Rent Change
1.1%
Units Available
37 Rentals
When you’re looking for a great Honolulu neighborhood on a budget, check out Diamond Head-Kapahulu-St Louis. The average rent is $2,987, compared to the city average of $1,750. Rent prices have increased by 1.1%. Diamond Head-Kapahulu-St Louis is convenient to Hawaii Pacific Univ, Downtown, Kapi'olani Community College, and Waikiki Aquarium.
Waikiki
Average Rent
$3,360/Month
Year-Over-Year Rent Change
2.8%
Units Available
90 Rentals
Waikiki is an affordable neighborhood in Honolulu with an average rent price of $3,360. Compare this to the city average of $1,750. In the past year, rent prices have decreased by 2.8%. Waikiki provides easy access to University of Hawaii at Manoa, Kuhio District, and Daniel K Inouye International.
Ala Moana-Kakaako
Average Rent
$3,476/Month
Year-Over-Year Rent Change
1.4%
Units Available
29 Rentals
If you’re looking for a great, affordable neighborhood in Honolulu, Ala Moana-Kakaako might be the perfect place! It has an average rent price of $3,476, while the city’s average stands at $1,750. In the last year, prices have increased by 1.4%. Ala Moana-Kakaako is near Honolulu Zoo, Hawaii Nature Center-Oahu, and Foster Botanical Garden.
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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.