Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in 96837
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 June 2026, Honolulu's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Honolulu's average rent is 20.7% ($634) lower than the Hawaii average of $3,062 and 35.1% ($631) higher than the U.S. average of $1,797.
Average Rent
$2,428
Monthly ChangeMonth Over Month Change
2.7% ($63)
Yearly ChangeYear Over Year Change
1.6% ($40)
Avg. Days on MarketAverage Days on Market
29
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,954 | 0.5% ($10) | 1.5% ($28) |
| 2 Beds | $2,829 | 2% ($55) | 2.5% ($69) |
| 3 Beds | $3,999 | 6.1% ($231) | 20.1% ($669) |
| Nearby Cities | Average Rent | Avg. Rent vs. HonoluluAverage Rent vs. Honolulu | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Aiea | $2,761 | 13.7% ($333) | 25 days |
| Pearl City | $2,307 | 5% ($121) | 26 days |
| Kailua | $4,169 | 71.7% ($1741) | 27 days |
| Waimanalo | $2,820 | 16.1% ($392) | 28 days |
| Kaneohe | $2,803 | 15.4% ($375) | 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 $2,428 per month.
Homes in Honolulu typically rent for between $1,368 and $5,199 per month, with an average of $2,428 per month.
In Honolulu, the average rent for a 1-bedroom home is $1,954 per month, for a 2-bedroom home, $2,829 per month, and a 3-bedroom home is $3,999 per month.
The average rent in Honolulu is 35.1% ($631) higher than the national average of $1,797 per month.
The average rent in Honolulu has increased by 2.7% ($63) in the last month and decreased by 1.6% ($40) 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 477 rental properties available in Honolulu, HI.
Based on the current averages, a household would need an annual income of $113,160 to comfortably afford a 2-bedroom home in Honolulu.
