Homes for Rent in Hilo, HI

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What to Know About

Life in Hilo & Beyond

Hilo shares many of the great qualities that make Hawaii a desirable place to live.

Hawaii is the tropical paradise of the Pacific. It is unlike any other state because it is composed of islands that boast pristine beaches, lush landscapes, towering volcanoes, and a rich cultural heritage. Immerse yourself in Hawaii's history by visiting the Pearl Harbor Memorial, exploring Bishop Museum and Waimea Canyon, or visiting universities such as the University of Hawaii and Hawaii Pacific University. Hawaii's economy is flourishing, driven by diverse industries, including tourism, agriculture, and technology.

Whether you're an outdoor enthusiast or prefer to relax on the beach, Hawaii has something for everyone. Hike through the Hawaiian Islands' verdant rainforests, surf the Waikiki's legendary waves, or try snorkeling and paddleboarding. In addition, take advantage of top attractions like the Diamond Head State Monument, the Polynesian Cultural Center, and the historic town of Lahaina.

With its breathtaking natural beauty and strong economy, Hawaii is a dream come true for those seeking an outdoor lifestyle and a unique island experience. The state's high quality of life makes it a great place to call home, and its warm and welcoming culture will make you feel at home. Discover why Hawaii is truly a special place that captures your heart and soul.

Rental Market Trends

Hilo, HI

As of July 2025, Hilo's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Hilo's average rent is 43.9% ($1,241) lower than the Hawaii average of $2,829 and 10.5% ($187) lower than the U.S. average of $1,775.

Average Rent
$1,588
Monthly ChangeMonth Over Month Change
Decreased3.7% ($61)
Yearly ChangeYear Over Year Change
Increased5% ($76)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,214 Decreased15.3% ($220) Decreased5.8% ($75)
2 Beds $1,622 Increased1.6% ($25) Decreased2.6% ($44)
3 Beds $2,065 Increased5.6% ($110) Decreased17.9% ($449)
Nearby Cities Average Rent Avg. Rent vs. HiloAverage Rent vs. Hilo Avg. Days on MarketAverage Days on Market
Keaau $2,494 Increased57.1% ($906) 25 days
Pahoa $2,264 Increased42.6% ($676) 21 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hilo Rental Market FAQs

Explore rental prices, market trends, and availability in Hilo, HI.

The average rent in Hilo, HI is $1,588 per month.
Homes in Hilo typically rent for between $850 and $2,685 per month, with an average of $1,588 per month.
In Hilo, the average rent for a 1-bedroom home is $1,214 per month, for a 2-bedroom home, $1,622 per month, and a 3-bedroom home is $2,065 per month.
The average rent in Hilo is 10.5% ($187) lower than the national average of $1,775 per month.
The average rent in Hilo has decreased by 3.7% ($61) in the last month and increased by 5.0% ($76) over the past year.
The rental market in Hilo, HI, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Hilo, HI, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 38 rental properties available in Hilo, HI.
Based on the current averages, a household would need an annual income of $64,880 to comfortably afford a 2-bedroom home in Hilo.
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