How many apartments are available in Makawao, HI on Rentable.co?
Rentable.co has over 174 apartments available in Makawao.
Can I afford an apartment for rent in Makawao, HI?
Based on average rent prices in Makawao, to afford a three-bedroom apartment you would need an annual household income of $140,000 to live comfortably.
Welcome to the April 2024 Makawao Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
April 2024 key findings and figures for the Makawao rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Makawao and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Makawao average rent prices in the chart below.
Monthly Rent Report
$5,400
$4,050
$2,700
$1,350
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR2 BR
Makawao Rent Prices Increase From March to April
Makawao rent prices increased over the last month. From March to April, the city experienced a 8.3% increase for the price of a one-bedroom apartment. The rent price for a Makawao one-bedroom apartments currently stands at $2,740.0.
When we take a look at the two-bedroom comparison from March to April, Makawao experienced a 42.2% increase for the price of a two-bedroom apartment. The rent price for a Makawao two-bedroom apartments currently stands at $5,321.0.
April Prices: Makawao vs. Surrounding Areas
Rent Prices in Makawao and Surrounding Areas
Rent prices have increased in Makawao over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Makawao suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Makawao suburbs
Rents did not decrease in any of the Makawao suburbs.
April 2024 Pricing Trends: Makawao vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Makawao Rent Prices More Affordable Than Major Cities
Rent growth in Makawao over the past year has been
on the rise. When compared to major cities nearby, along
with some of the most expensive cities in the country, Makawao average rent prices appear to be
relatively affordable for local residents.
The price for a Makawao one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Makawao and surrounding area rent prices, take a look at the complete data set below.
Data set for Makawao and suburbs
1 BR April
1 BR M/M % Change
2 BR April
2 BR M/M % Change
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.