Homes & Apartments for Rent in 96720

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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 June 2026, 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 33.1% ($1,012) lower than the Hawaii average of $3,062 and 14.1% ($253) higher than the U.S. average of $1,797.

Average Rent
$2,050
Monthly ChangeMonth Over Month Change
Decreased0.9% ($19)
Yearly ChangeYear Over Year Change
Increased24.3% ($401)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,468 Increased1.3% ($19) Increased2.4% ($34)
2 Beds $1,904 Decreased0.2% ($4) Increased19.2% ($307)
3 Beds $2,613 Increased2.3% ($59) Increased33.7% ($658)
Nearby Cities Average Rent Avg. Rent vs. HiloAverage Rent vs. Hilo Avg. Days on MarketAverage Days on Market
Keaau $2,451 Increased19.6% ($401) 25 days
Pahoa $2,178 Increased6.2% ($128) 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 $2,050 per month.
Homes in Hilo typically rent for between $1,028 and $3,397 per month, with an average of $2,050 per month.
In Hilo, the average rent for a 1-bedroom home is $1,468 per month, for a 2-bedroom home, $1,904 per month, and a 3-bedroom home is $2,613 per month.
The average rent in Hilo is 14.1% ($253) higher than the national average of $1,797 per month.
The average rent in Hilo has decreased by 0.9% ($19) in the last month and increased by 24.3% ($401) 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 48 rental properties available in Hilo, HI.
Based on the current averages, a household would need an annual income of $76,160 to comfortably afford a 2-bedroom home in Hilo.
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