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For Agents
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Honolulu remains one of the nation's tightest rental markets as rent-vs-buy gap stays remarkably small

By
Rental Beast

The quarter at a glance:

  • Rents rose across every unit type, led by 1-bedrooms at +5.0% quarter-over-quarter, one of the strongest showings this quarter
  • Concessions remain almost nonexistent at just 1.7% of listings, among the lowest of any market tracked
  • Days on market held tight at 15 (from 16), reflecting a consistently fast-moving market
  • The rent-vs-buy gap widened sharply to $115/month from just $9 in Q1, as ownership costs pulled further ahead of renting

Median Rent by Unit Type

Rent growth remained broad-based in Q2, with every property type posting quarter-over-quarter gains and multifamily and two-bedroom units leading annual appreciation.

Honolulu, HI · Q2 2026

Median rent by property type

Bars show YoY % change

1BD
+7.7%
$2,100
2BD
+8.0%
$2,700
3BD
+2.9%
$3,500
SF
+0.0%
$3,000
MF
+8.3%
$2,600
Quarter over quarter: 1BD +5.0%, 2BD +1.9%, 3BD +2.9%, SF +1.7%, MF +4.0% Rental Beast

Concessions & Days on Market

At just 1.7% of listings, concessions remain virtually nonexistent, underscoring the strength of Honolulu's rental market, and days on market stayed low, among the tightest markets Rental Beast tracks.

Honolulu, HI · Q2 2026

Concessions and days on market

1.7%

of listings offer a concession
up from 1.6% last quarter (YoY comparison not available)
National median: 39.9%

Median days on market

All
15
SF
14
MF
16

All -6.2% (SF -6.7%, MF +0.0%) quarter over quarter

National median: All 22 / SF 20 / MF 24

Rental Beast

Property Managers Market Sentiment

Property managers grew more optimistic about rent growth while unanimously reporting stable applicant demand, reinforcing Honolulu's position as one of the most consistent rental markets we track.

Honolulu, HI · Q2 2026

Market sentiment

Do you expect rent prices to increase, decrease, or remain the same over the next 6 months?

24%
Remain the same, 76%
Increase Decrease Remain the same

vs. Q1 2026: 12% increase, 4% decrease, 84% remain the same

Are you currently getting more, fewer, or about the same applicants for your available rentals?

About the same, 100%
Fewer More About the same

vs. Q1 2026: 20% fewer, 8% more, 72% about the same

Rent vs. buy: one of the narrowest gaps tracked

The rent-vs-buy gap narrowed to just $115 per month, one of the smallest margins tracked. Although buying became modestly more expensive this quarter, Honolulu continues to have one of the smallest rent-versus-buy gaps of any market tracked, making it a unique market to watch.

Honolulu, HI · Q2 2026

Rent vs. buy

Rent
$3,500
Buy
$3,615
$115/mo
more expensive to buy than rent. The gap widened from $9 last quarter (up $106 quarter over quarter).

Rent vs. buy gap by quarter

$115
4Q251Q262Q26
Median list price $665,000 (May 2026). 20% down, 6.5% rate, taxes and insurance Rental Beast

Check out the Q2 2026 nationwide report

Download the full national analysis including rent-vs-buy and sentiment data across every tracked metro: Q2 2026 National Rental Market Report

Additional reports are available for the following markets:

Methodology

Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Rental Beast listing data covers a range of rental property types and owner types operating within the long-term rental market (generally considered to be leases with a minimum of three months). Data provided courtesy of Arizona Regional Multiple Listing Service, Inc. Single-family rentals are considered to be properties with 4 or fewer units. Multifamily is more than 4 doors. Unless otherwise noted, our analysis uses the Urban Honolulu, HI, metropolitan statistical area (MSA) as the geographical unit.

Rents are calculated based on these listings. Days on market (DOM) and concession analysis are based on these listings, with some data sources excluded due to DOM and concession info being unavailable or deemed to be unreliable. Concessions are incentives that entice renters to sign a lease (e.g., one month free, a gift card, etc.).

Our sentiment survey is based on phone conversations during Q2 2026 with rental building and community managers and property managers. Questions and answer choices:

  • Q1. Do you expect rent prices to increase, remain the same or decrease over the next 6 months? [Possible answers: Remain the same, increase, decrease]
  • Q2. Do you believe you are currently getting more, about the same or fewer applicants for your available rentals? [Possible answers: About the same, more, fewer]

DISCLAIMER. This report attempts to provide reliable and useful information; however, there is no guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Our analysis uses MSA as the geographical unit and is not reflective of all-U.S. measures. Information from this document may be used with proper attribution.

©2026 by Rental Beast