Rental market snapshot for Waikiki, Honokaa

Waikiki rental market summary

The rental market in Waikiki, Hawaii is showing signs of growth. In July 2023, there were 241 new listings, a significant increase from the previous month. The median rent in July 2023 was $2,985, a 3.7% decrease from the previous month and a 7.3% decrease from the same time last year. This suggests that the rental market in Waikiki is becoming more affordable, making it an attractive option for potential renters.

The decrease in median rent is likely due to an increase in the number of available rental properties in Waikiki. With more options to choose from, renters are able to find more affordable housing options. This is good news for those looking to rent in Waikiki, as it means they can find a place to live that fits their budget. The increase in new listings also suggests that the rental market in Waikiki is becoming more competitive, which could lead to further decreases in rent prices in the future.

Median rent for all residential properties in Waikiki

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The most expensive listings and top trending buildings in Waikiki

Most Expensive Listings

AddressRent PriceBed / Bath
1910 Ala Moana Blvd$8,5003 / 3.0
1551 Ala Wai Blvd$8,0003 / 3.5
2380 Kuhio Ave$6,9253 / 2.0
1551 Ala Wai Blvd$6,0002 / 2.0
2380 Kuhio Ave$5,5152 / 2.0

Top Trending Buildings

building nameavg rent price
Brookfield Properties Multifamily LLC$3,671

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Bedroom Breakdown in Waikiki

Studio
$2,990
MEDIAN RENT
1 Bedroom
$3,685
MEDIAN RENT
2 Bedroom
$5,008
MEDIAN RENT

Waikiki neighborhood apartments rents

The rental market for studios in Waikiki, Hawaii is showing signs of stability. In July 2023, there were 8 new studio listings, and the median rent for studios remained relatively unchanged from June 2023 to July 2023, decreasing by only .8%. This suggests that the rental market for studios in Waikiki is not experiencing any significant fluctuations in rent prices, and is likely to remain stable in the near future.

The rental market for 1-bedroom apartments in Waikiki, Hawaii is showing signs of growth. In July 2023, there were 17 new 1-bedroom listings, which is a positive sign for the market. The median rent for 1-bedroom apartments in July 2023 was $3,685, which is a 1.5% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Waikiki, Hawaii is looking positive.

The rental market for 2-bedroom apartments in Waikiki, Hawaii is showing signs of growth. In July 2023, there were 8 new 2-bedroom listings, representing an increase in the available rental options. The median rent for 2-bedroom apartments in July 2023 was $5,008, a 4.5% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords increasing their prices to capitalize on the increased demand.

Explore other Honokaa Neighborhoods

Diamond Head-Kapahulu-St. Louis
Nuuanu-Punchbowl
McCully-Moiliili
Makiki-Lower Punchbowl-Tantalus
Hawaii Kai
Ala Moana-Kakaako

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Waikiki is $2,985.
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