Apartments in Mililani Mauka Launani Valley Honolulu

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24
$2,000
Mililani, HI
Studio | Available Now
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11
$2,200
Mililani, HI
2 BR | Available Now
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20
$2,200
Mililani, HI
2 BR | Available Now
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10
$2,600
Mililani, HI
3 BR | Available Now
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9
$3,000
Mililani, HI
3 BR | Apr. 1, 2024
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25
$2,895
Honolulu, HI
3 BR | Available Now
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$3,495
Mililani, HI
3 BR | Available Now
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29
$2,900
Mililani, HI
3 BR | Mar. 30, 2024
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11
$2,700
Mililani, HI
2 BR | Available Now
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34
$2,550
Mililani, HI
2 BR | Available Now
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14
$2,500
Mililani, HI
2 BR | Available Now
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6
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Wahiawa, HI
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1
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Wahiawa, HI
2 BR | Available Now
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Wahiawa Ahupua`a
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Honolulu:
March Rent Report

Welcome to the March 2024 Honolulu Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Honolulu rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Honolulu 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 Honolulu average rent prices in the chart below.

Monthly Rent Report

$2,550
$1,910
$1,280
$640
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Honolulu Rent Prices Decrease From February to March

Honolulu rent prices decreased over the last month. From February to March, the city experienced a -4.13% decrease for the price of a one-bedroom apartment. The rent price for a Honolulu one-bedroom apartments currently stands at $1,369.0.

When we take a look at the two-bedroom comparison from February to March, Honolulu experienced a -0.63% decrease for the price of a two-bedroom apartment. The rent price for a Honolulu two-bedroom apartments currently stands at $2,371.0.

March Prices: Honolulu vs. Surrounding Areas

Kailua, HI
Aiea, HI
Pearl City, HI
Waipahu, HI
Ewa Beach, HI
Waianae, HI
Honolulu, HI
Wahiawa, HI
$2,099
$1,872
$1,800
$1,795
$1,622
$1,545
$1,428
$1,245
$0
$700
$1,400
$2,100
$2,800
Median 1 BR Rent

Rent Prices in Honolulu and Surrounding Areas

Rent prices have decreased in Honolulu over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Honolulu suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Ewa Beach, HI, Wahiawa, HI .

  • Rent decreased in Waipahu, HI, Waianae, HI, Kailua, HI, Aiea, HI, Pearl City, HI.

  • 6 suburbs are currently priced higher than the city of Honolulu.

  • 1 suburb is currently priced lower than the city of Honolulu.

March 2024 Pricing Trends: Honolulu vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Honolulu, HI
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,428
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Honolulu Rent Prices More Affordable Than Major Cities

Rent growth in Honolulu over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Honolulu average rent prices appear to be relatively affordable for local residents.

The price for a Honolulu 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 Honolulu and surrounding area rent prices, take a look at the complete data set below.

Data set for Honolulu and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Honolulu, HI $1,428.0 -8.87% $2,386.0 -3.28%
Waipahu, HI $1,795.0 0.00% $2,090.0 4.76%
Waianae, HI $1,545.0 -0.19% $2,012.0 -2.66%
Ewa Beach, HI $1,622.0 8.13% $2,569.0 2.07%
Kailua, HI $2,099.0 -5.54% $2,742.0 -6.48%
Aiea, HI $1,872.0 0.00% $2,399.0 -2.44%
Pearl City, HI $1,800.0 0.00% $1,804.0 -8.10%
Wahiawa, HI $1,245.0 5.42% $2,250.0 0.00%

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.