Median rent for residential apartment in Honolulu, HI as of Aug, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
260 Honolulu, HI, USA apartments for rent
Honolulu
The tropical capital of the United States, this city have it all, the active business community and vibrant cultural scene. It is the famous destination for surfing, scuba diving and just experiencing the local culture. It is a cosmopolitan mix of all races and religion. Dive into the vibrant Hawaii culture and embrace the aloha spirit.
City Overview
Don’t be fooled with bucolic magazine covers, Honolulu is the capital of the Pacific. The city is the Western gates of the United States and capital of Hawaii. It is the primary hub for trade and international business. Honolulu is the stronghold of the US Armed Forces and Navy with various bases and military installations. It is also a cosmopolitan city with a diverse mix of Asian, European and Pacific culture.
Business & Economy
The city is home to the largest airport on the island and naturally serves as a gateway for the states colossal tourism industry. Tourism is crucial for the island’s economy with millions of tourists contributing 10 billion dollars annually to the local economy. Honolulu conveniently positioned in the middle of the Pacific Ocean on the crossroads of the major trading routes. Consequently, it attracts foreign investments and serves as a trading hub for Asia, North and South America. Other leading industries include manufacturing, military defense, research, and development.
Climate
Honolulu has a tropical hot semi-arid climate. The summer is hot, sometimes to an extreme, while winters are warm and mild with minimal precipitation. Despite that city is situated in the tropics, hurricanes are very rare. Waterspouts are also quite rare and usually spotted about once every five years.
Demographics
Honolulu is one of the most diverse cities of the United States. The majority of the population are Asian Americans. Japanese, Filipino and Chinese dominate Asian ethnic landscape. There also strong Korean and Vietnamese communities on the island. Native Hawaiians constitute about 3% percent of the local population but have a significant impact on the cultural landscape and overall atmosphere.
Housing Trends
How much is an apartment in Honolulu, HI, USA
Average rent in Honolulu: $3,215 (+4.7%)
| Rent Price | Aug | vs Last Month |
|---|---|---|
| Studio rentals | $1,803 | +1.2% |
| 1 bed rentals | $1,938 | +7.3% |
| 2 bed rentals | $3,561 | +14.8% |
| 3 bed rentals | $3,995 | -1.4% |
| 4+ bed rentals | $7,056 | -18.4% |
Over the Aug 2022, the average rent for an apartment in/near Honolulu, HI increased by 4.7% to $3,215.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 7.3% to $1,938. Pricing for 2-bed apartment also increased by 14.8% and a place of this size will now cost you $3,561. 3-bed apartment rent pricing starts at $3,995, it decreased by 1.4% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 18.4% and made it down to $7,056.
| Rent Type Price | Aug | vs Last Month |
|---|---|---|
| Townhouse rentals | $3,086 | -12.5% |
| Apartment rentals | $1,608 | -9.2% |
| Room rentals | $916 | -15.6% |
| House rentals | $3,965 | -1.7% |
| Condo rentals | $3,122 | +15.2% |
| Duplex rentals | $2,450 | +3.6% |
The median rent for an apartment in Honolulu, HI decreased by 9.2% to $1,608. Statistics show that house rent price decreased by 1.7% this month making it up to $3,965. Condos faced an upward trend these days. The median rent for a condo increased by 15.2%, it’s now available for $3,122. You can now rent a duplex for $2,450, duplex rent price increased by 3.6% this month. An average room will now go for $916, the median rent price for a room decreased by 15.6%. The median rent for a townhouse decreased by 12.5%, you’ll have to spend around $3,086 to get one.
Honolulu Neighborhoods
Downtown Honolulu
This neighborhood is an embodiment of the entrepreneurial spirit. It is a financial and commercial district. The area has magnificent waterfront and one of the tallest buildings in Hawaii- Aloha Tower. Additionally, It is a seat of the local government and state government. The main campus of Hawaii Pacific University is also located here.
Waikiki
A significant tourist district of Honolulu. It is located between Diamond Head and Ala Wai Canal. It is the major tourist destination with thousands of nightclubs, shops, and music halls. If you crave the nightlife visit Kuhio Avenue after dawn. Major hotels are also located here.
Kāhala
This affluent neighborhood of the city is notorious for the expensive real estate and beach properties. This area contains some of the old historic homes that represent the distinctive style of the local architecture. New properties are usually large mansion-like homes with lavish gardens and swimming pools. Local beaches are rarely crowded and attract families and elderlies. The landscape is flat and walkable.
Kaimuki
Located in the urban part of Honolulu between Kahala and Diamond Head. This neighborhood is a mix of the cozy residential area and the small business quarter. The hood has down-low not rushed atmosphere with family-run restaurants and small service companies. It is home to numerous public and private schools, as well as Kapiolani Community College, a branch of the University of Hawai’i system. The neighborhood is also famous for an active Japanese community that regularly conducts festivals and cultural events.