Average Rent in Urban Honolulu, HI↓ Rents falling 3.8% YoY

Urban Honolulu, HI has rental prices ranging from $1,836/month to $4,249/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,951/month — 39% above the national average of $1,400/month. With a median household income of $104,264/year, spending $1,951/month on a 1-bedroom represents 22% of gross income — within the recommended 30% threshold.

How Urban Honolulu Compares

With an average 2-bedroom rent of $2,542/month, Urban Honolulu ranks #2 most expensive of the 7 cities tracked in Hawaii — pricier than 99% of all US cities in our data.

The Urban Honolulu Rental Market

The Urban Honolulu, HI area has a population of about 1,003,666 and 41% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Urban Honolulu, HI have fallen by $100/month (3.8%) over the past year, from $2,642 to $2,542. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Urban Honolulu, HI without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $78,040. The local median household income of $104,264 exceeds that threshold by $26,224, making Urban Honolulu relatively accessible compared to local wages.

Is Urban Honolulu, HI Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Urban Honolulu?

Break-even analysis and mortgage estimates based on local market data.

Living in Urban Honolulu

Cost of living, job market, crime rates, and moving cost estimates.