Honolulu is the capital and largest city of the U.S. state of Hawaii, making it one of the most desirable places to live in the country. It is known for its tropical climate, warm weather, and beautiful beaches. The rental market in Honolulu is very competitive and the prices are higher than most cities in the US.
The average rent for a one bedroom apartment in Honolulu is $1,800 per month, while a two bedroom apartment is $2,400 per month. The average rent for a three bedroom apartment is $3,200 per month. The most popular neighborhoods for rentals are Waikiki, Downtown Honolulu, and Kakaako. Waikiki is home to many luxury high-rise apartment complexes and is one of the most expensive areas to rent in Honolulu. Downtown Honolulu is the city’s business district and is close to many shops and restaurants. Kakaako is an up and coming area with a mix of new and old buildings and is close to Honolulu’s beaches.
The public schools in Honolulu are highly rated and the city has several highly ranked private schools as well. The most highly rated public schools in Honolulu include Punahou School, President William McKinley High School, and Kaim
The average rental prices of apartments, townhouses, condos, lofts, and single family homes in Honolulu, HI are as follows:
Apartments: $2,100/month
Townhouses: $3,100/month
Condos: $2,300/month
Lofts: $2,400/month
Single Family Homes: $4,000/month
According to Zillow, rental prices in Honolulu, HI have increased slightly over the last 5 years. In March 2021, the median rent for a one bedroom apartment was $1,742, up 5.4% from the same time 5 years ago in March 2016. The median rent for a two bedroom apartment was $2,295, up 4.2% from the same time 5 years ago.
The median rental price for 1-bedroom apartments in Honolulu, HI is $2,095 per month. The median rental price for 2-bedroom apartments in Honolulu, HI is $2,680 per month. The median rental price for 3-bedroom apartments in Honolulu, HI is $3,450 per month.
School districts in Honolulu, HI generally perform better than the national average when it comes to student achievement. According to US News & World Report, the average graduation rate in Honolulu is 87%, compared to the national average of 83%. Additionally, Honolulu students tend to score higher than the national average on standardized tests. The average math score for Honolulu students is 22.9, compared to the national average of 21.1. Finally, Honolulu's schools are generally well-funded, with per-pupil spending at $13,309 compared to the national average of $12,383.
1. Waikiki
2. Ala Moana
3. Kakaako
4. Downtown
5. Manoa
1. Kahala
2. Waialae-Kahala
3. Hawaii Loa Ridge
4. Manoa
5. Kailua