Waikiki, Honolulu, HI Rental Market Trends
Average rent in Waikiki, Honolulu, HI by Number of Bedrooms
The chart below shows the average rent in Waikiki, Honolulu, HI for apartments by number of bedrooms:
Average apartment size in Waikiki, Honolulu, HI
The average apartment size in Waikiki, Honolulu, HI is 623 sqft, which is -38% below the U.S. national average apartment size of 1,003 sqft. This graph illustrates average size in Waikiki, Honolulu, HI for each unit type:
Average Rent in Honolulu, HI by Neighborhood
There are 6 neighborhoods in Honolulu, HI . Waialae-Kahala is the most expensive neighborhood, with an average rent of $5,250 ($2.62 per sqft), and McCully-Moiliili is the most affordable neighborhood in Honolulu, HI , with an average rent of $1,764 ($3.21 per sqft). The following tables show the Top 5 neighborhoods in Honolulu, HI by average rent and the top 5 most affordable neighborhoods in Honolulu, HI by average rent:
Top 5 most expensive neighborhoods in Honolulu, HI by average rent:
Top 5 most affordable neighborhoods in Honolulu, HI by average rent:
Average Rent in Honolulu, HI by Zip Code
There are 9 zip codes in Honolulu, HI . 96816 is the most expensive zip code, with an average rent of $3,350 ($2.58 per sqft), and 96826 is the most affordable zip code in Honolulu, HI , with an average rent of $1,777 ($3.23 per sqft). The following tables show the Top 5 zip codes in Honolulu, HI by average rent and the top 5 most affordable zip codes in Honolulu, HI by average rent:
Top 5 most expensive zip codes in Honolulu, HI by average rent:
Top 5 most affordable zip codes in Honolulu, HI by average rent:
Average Apartment Listing Volume and Average Time on Market in Waikiki, Honolulu, HI
Average number of days on market in Waikiki, Honolulu, HI
The average listing remains on the market for 12 days in Waikiki, Honolulu, HI. This is greater than the national average time on market of 10 days for apartment listings. The chart below shows how many units remain on the market by number of days in Waikiki, Honolulu, HI:
Available Apartments in Waikiki, Honolulu, HI by Unit Type
On May 28, 2023 Hello Data, Inc. surveyed 48 active apartment listings in Waikiki, Honolulu, HI. The graph below shows the breakdown of multifamily units listed by bedroom count:
Frequently Asked Questions – Waikiki, Honolulu, HI Average Rents
What are the most affordable neighborhoods in Honolulu, HI?
The most affordable neighborhoods in Honolulu, HI are McCully-Moiliili, where the average rent is $1,764 ($3.21 per sqft) and Makiki-Lower Punchbowl-Tantalus, where renters pay $2,103 ($2.77 per sqft) per month on average.
What are the most expensive neighborhoods in Honolulu, HI?
The most expensive neighborhoods in Honolulu, HI are Waialae-Kahala, with an average rent of $5,250 ($2.62 per sqft) and Hawaii Kai, with an average rent of $3,800 ($2.92 per sqft) per month.
What are the most popular neighborhoods in Honolulu, HI?
The most popular neighborhoods in Honolulu, HI are Waikiki, with 50 active listings as of May 28, 2023 and Ala Moana-Kakaako, with 31 active listings as of May 28, 2023.
How much is a Studio apartment in Waikiki, Honolulu, HI?
The average monthly rental price for Studio apartments in Waikiki, Honolulu, HI is $1,600 ($4.21 per sqft).
How much is a 1 Bedroom apartment in Waikiki, Honolulu, HI?
The average monthly rental price for 1 Bedroom apartments in Waikiki, Honolulu, HI is $2,400 ($4.08 per sqft).
How much is a 2 Bedroom apartment in Waikiki, Honolulu, HI?
The average monthly rental price for 2 Bedroom apartments in Waikiki, Honolulu, HI is $3,600 ($3.69 per sqft).