Cheapest Neighborhoods in Honolulu, HI
Some of the cheapest neighborhoods in Honolulu are Manoa, Nuuanu-Punchbowl, and Mccully-Moiliili. These neighborhoods offer some of the lowest rent prices in Honolulu, making them ideal for renters on a budget. As of July 31, 2026, the average rent in Honolulu is $1,789, which is 3.2% 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
$1,841/Month
Year-Over-Year Rent Change
1.2%
Units Available
10 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.
Nuuanu-Punchbowl
Average Rent
$2,039/Month
Year-Over-Year Rent Change
1.3%
Units Available
15 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.
Mccully-Moiliili
Average Rent
$2,489/Month
Year-Over-Year Rent Change
2.1%
Units Available
20 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.
Makiki-Lower Punchbowl-Tantalu
Average Rent
$2,547/Month
Year-Over-Year Rent Change
1.2%
Units Available
21 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
$3,093/Month
Year-Over-Year Rent Change
1.8%
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
$3,146/Month
Year-Over-Year Rent Change
0.8%
Units Available
64 Rentals
Diamond Head-Kapahulu-St Louis is an affordable neighborhood in Honolulu with an average rent price of $3,146. Compare this to the city average of $1,789. In the past year, rent prices have increased by 0.8%. Diamond Head-Kapahulu-St Louis provides easy access to Halawa Aloha Stadium Station, Kapi'olani Community College, and Chaminade Univ. of Honolulu.
Waikiki
Average Rent
$3,418/Month
Year-Over-Year Rent Change
1.7%
Units Available
108 Rentals
If you’re looking for a great, affordable neighborhood in Honolulu, Waikiki might be the perfect place! It has an average rent price of $3,418, while the city’s average stands at $1,789. In the last year, prices have decreased by 1.7%. Waikiki is near DFS Galleria Waikiki, Halawa Aloha Stadium Station, and Pu'u 'Ualaka'a State Wayside.
Ala Moana-Kakaako
Average Rent
$3,448/Month
Year-Over-Year Rent Change
1.3%
Units Available
31 Rentals
Ala Moana-Kakaako is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ala Moana-Kakaako is $3,448 while the city average is $1,789. This is a 1.3% difference from last year. Residents enjoy convenient access to Halawa Aloha Stadium Station, Honolulu Zoo, and University of Hawaii at Manoa.
Ala Wai
Average Rent
$3,478/Month
Units Available
48 Rentals
When you’re looking for a great Honolulu neighborhood on a budget, check out Ala Wai. The average rent is $3,478, compared to the city average of $1,789.
Dewey Beach
Average Rent
$3,593/Month
Units Available
39 Rentals
Dewey Beach is an affordable neighborhood in Honolulu with an average rent price of $3,593. Compare this to the city average of $1,789.
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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.