Homes & Apartments for Rent in 96816

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What to Know About

Living in 96816

Honolulu, the capital of Hawaii, is known for its beautiful beaches, fantastic weather, and stunning natural beauty. The city is home to several museums, including the Bishop Museum and the Honolulu Museum of Art, which offer a unique look into Hawaiian culture and history, and the Polynesian Cultural Center. Honolulu is also home to several top-ranked universities, including the University of Hawaii at Manoa and Hawaii Pacific University. In addition, the city has a diverse economy, with finance, tourism, and military defense sectors.

Take advantage of Honolulu's stunning natural beauty by hiking to the top of the iconic Diamond Head, taking a surf lesson at the world-famous Waikiki Beach, or snorkeling in the crystal-clear waters of the Pacific Ocean. The culinary scene in Honolulu features traditional Hawaiian dishes such as poi and laulau and fusion cuisine like poke bowls and shaved ice. In addition, Honolulu offers events like the Honolulu Festival and the Hawaii Food & Wine Festival. Experience the beauty, culture, and flavors of Honolulu.

The cost of living in Honolulu is relatively high, but the warm climate, natural beauty, and laid-back lifestyle make it an excellent place to live.

Rental Market Trends

Honolulu, HI

As of July 2026, Honolulu's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Honolulu's average rent is 20.8% ($647) lower than the Hawaii average of $3,104 and 37.1% ($665) higher than the U.S. average of $1,792.

Average Rent
$2,457
Monthly ChangeMonth Over Month Change
Increased1.2% ($29)
Yearly ChangeYear Over Year Change
Increased3% ($72)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,853 Decreased5.2% ($101) Decreased1.7% ($33)
2 Beds $2,916 Increased3.1% ($87) Increased7.5% ($204)
3 Beds $4,107 Increased2.7% ($108) Increased18.6% ($643)
Nearby Cities Average Rent Avg. Rent vs. HonoluluAverage Rent vs. Honolulu Avg. Days on MarketAverage Days on Market
Aiea $3,008 Increased22.4% ($551) 25 days
Pearl City $2,268 Decreased7.7% ($189) 26 days
Kailua $4,094 Increased66.6% ($1637) 27 days
Kaneohe $2,768 Increased12.7% ($311) 29 days
Ewa Beach $3,617 Increased47.2% ($1160) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Honolulu Rental Market FAQs

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

The average rent in Honolulu, HI is $2,457 per month.
Homes in Honolulu typically rent for between $1,297 and $5,339 per month, with an average of $2,457 per month.
In Honolulu, the average rent for a 1-bedroom home is $1,853 per month, for a 2-bedroom home, $2,916 per month, and a 3-bedroom home is $4,107 per month.
The average rent in Honolulu is 37.1% ($665) higher than the national average of $1,792 per month.
The average rent in Honolulu has increased by 1.2% ($29) in the last month and increased by 3.0% ($72) over the past year.
The rental market in Honolulu, HI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Honolulu, HI, the average rental stays on the market for approximately 29 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 430 rental properties available in Honolulu, HI.
Based on the current averages, a household would need an annual income of $116,640 to comfortably afford a 2-bedroom home in Honolulu.
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