What You Can Rent For $2,000 in Honolulu
Every month, we look at rental rates across O‘ahu. This month: Kalihi, Punchbowl and Waikīkī.
If you’ve searched for a place to rent in Honolulu lately, you know firsthand just how hot the market is. Looking on Craigslist? Come ready to compete—references and credit reports help. If the place is nice, you’re going to have to move quickly to lock down a lease, all the while taking care to impress the landlord with your superstar tenant qualities. And the line between being a proactive, eager tenant and slightly stalkerlike can be a hard one to walk.
A common guideline for budgeting rent expense is 30 to 35 percent of income, which puts a couple right at $1,900 to $2,200 per month, based on the 2015 median income of $76,700 for a two-person household in Honolulu.* So we thought we’d take a look at what you can rent in the Honolulu metro area for around $2000 per month. Which spot would you pick?
For $2,000, you can walk to work from your walk-up 1,200-plus-square-foot penthouse at 281 Huali Street in Punchbowl. Bonuses include: plenty of space, skipping the bill for downtown parking, gorgeous sweeping views of town and the ocean, and toned glutes and calves. This two-bedroom, one-and-a-half-bath place is only available for a year but comes completely furnished, flat-screen TV and all.
Realty 2000 Inc., MLS: #1203011
At The Villa on Eaton Square, a popular building located at the ‘Ewa end of Waikīkī near Ala Moana, a nicely outfitted 16th floor one-bedroom, one-bathroom condo with granite countertops, tile floors and a lānai will cost you $2,000 a month. For your money, rent includes utilities (complete with central air conditioning) and parking—which we all know is hard to come by in Waikīkī. Live here and you can walk to the beach in five minutes before and after work.
Captain Cook Real Estate, MLS: #201606581
In Kalihi Valley, you can get a three-bedroom home, complete with hardwood floors, parking and tropical landscaping all for $2,100 a month on Kula Kolea Drive. At nearly 1,000 square feet, this is one of few standalone homes, complete with yard service, that falls into this price range in urban Honolulu.
Sanford R. Ujimori Realty, Inc. honolulu.craigslist.org
Source: HUD Income Limits, dbedt.hawaii.gov
At 1807 Waiola Street, a fully renovated three-bedroom, two-bath place is up for grabs for $2,200/month. The McCully area is often ignored, but if you want central, convenient living, this is the place. It’s all fixed up, like many recent remodels in the area, and it comes with two parking stalls to boot. Walk to school at UH Mānoa, drinks with friends at Pint + Jigger, or venture into Waikīkī with a $5 Uber ride.
Central Pacific Properties Inc.