Honolulu, Hawaii Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Honolulu, Hawaii rental market.
Honolulu, Hawaii
Average Apartment Rent
$2,131
Y-o-Y Change in Average
Apartment Rent
5.2%
As of May 2026
Compared to a year ago, Honolulu, Hawaii apartments have recorded a 5.2% rent increase.
Honolulu, Hawaii Average apartment rent trend
Honolulu, Hawaii Average Apartment Rent
Honolulu, Hawaii Apartment rent ranges
At 37.24%, apartments priced $2,000 - $2,500 represent the bulk of Honolulu, Hawaii rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 6.64%.
Honolulu, Hawaii Housing tenure**
Renters take up 52% of Honolulu, Hawaii real estate, occupying a total of 69,760 units, while homeowners live in 64,504 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$63,508
Average household size of renter-occupied housing units**
2.37
Rental vacancy rate**
6.1%
Honolulu, Hawaii Renter-occupied housing units by no. of bedrooms**
There are 24,730 rentals in Honolulu, Hawaii with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 1,416 units. Overall, the median number of rooms in Honolulu, Hawaii homes for rent is 3.3.
Honolulu, Hawaii Renter-occupied units by age of householder**
Most condos for rent in Honolulu, Hawaii are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Honolulu, Hawaii Renter-occupied housing units by family type**
Honolulu, Hawaii Renter-occupied housing units by the presence of own children**
A total of 35,160 apartments for rent in Honolulu, Hawaii, or 50% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 17,043 units. All in all, the median size of a renter-occupied household in Honolulu, Hawaii is 2.37.
Honolulu, Hawaii Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Honolulu, Hawaii.
Honolulu, Hawaii Renter-occupied units by year structure built**
The highest share of Honolulu, Hawaii apartment rentals, namely 26% or 18,321 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (21%, 14,329 units), and the ones Built 1980 - 1989 (11%, 7,614 units).
Honolulu, Hawaii Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Honolulu, Hawaii renters (37%) moved in 2010 to 2017, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Honolulu, Hawaii condos for rent is 2016.
Honolulu, Hawaii Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Honolulu, Hawaii renters have 1 vehicle available per household, 24% of them have No vehicle available, and 22% have 2 vehicles available.
Honolulu, Hawaii Means of transportation to work of householders living in renter-occupied housing units**
Honolulu, Hawaii Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Honolulu, Hawaii apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
