$5,250 Per Month
- 2 Beds
- 2 Baths
- 1,200 Sq Ft
- House for Rent
1551 Ala Wai Blvd Unit 1204, Honolulu, HI 96815
1551 Ala Wai Blvd Unit 1204, Honolulu, HI 96815
Frequently Asked Questions
How much does it cost to rent a home in Honolulu, HI?
The median rent for a home in Honolulu, HI is $2,950 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Honolulu, HI?
To comfortably afford the median rent in Honolulu, HI, a household needs to earn roughly $118,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,950 per month in Honolulu, HI, renters typically need to show $8,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Honolulu, HI?
In Honolulu, HI, the price-to-rent ratio is 19.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Honolulu, HI are best for renting a home?
The best neighborhood for renting in Honolulu, HI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Manoa, Palolo, Diamond Head-Kapahula-Saint Louis, Makiki and Kaimuki, each with its own character and price range.
