Rent prices for Apartments in Hawaii are some of the highest in the nation but how much exactly depends on which island you're on, and which side of each island you're on.
How much does it cost to have an apartment in Hawaii?
Rental costs in Hawaii
The median price for a one-bedroom apartment in Honolulu is $1,630, according to 2022 data from Zumper, a rental listing platform. That's an 11.6 percent increase over a year earlier. The cost of a two-bedroom is about $2,180, which is about 9.5 percent more expensive than one year ago.What is the monthly rent in Hawaii?
Average Apartment Cost in Honolulu, HI
The average rent for apartments in Honolulu, HI, is between $1,300 and $1,880 in 2023. For a studio apartment in Honolulu, HI, the average rent is $1,300. When it comes to 1-bedroom apartments, the average rent in Honolulu, HI, is $1,450.
How much do you pay for rent in Hawaii?
Housing cost in Hawaii
| CITY | STUDIO | 1 BEDROOM |
|---|---|---|
| HONOLULU | $1,331 | $1,082 |
| HILO | $1350 | $1,065 |
| KAILUA | $1,706 | $2,100 |
| WAIPAHU | $1,600 | $1,650 |
Is Hawaii worth moving to?
Pro: Hawaii's natural resources make it one of the most beautiful destinations in the world. Con: You pay a premium for all of that beauty. Hawaii has a high cost of living. Pro: The mild climate makes Hawaii a year-round destination.
What is the average price for a house in Hawaii?
Hawaii is the most expensive state in the country to live in, according to World Population Review rankings. As of December 2021, the median price of a home in Hawaii was $1.06 million, according to real estate firm Locations Hawaii. However, it also has the fourth lowest poverty rate.
State of the market:
— Dimitris Drolapas (@DDrolapas) August 25, 2023
The current state of the San Francisco apartment market does not correlate to what you hear in the news. You can watch the news or search some articles on your computer and you'll find that San Francisco office buildings are 30% vacant which can be blamed on…
How much do you need to make a month to live comfortably in Hawaii?
To live comfortably in Hawaii, an annual income of around $70,000 to $100,000 for a single person, or $120,000 to $200,000 for a family is recommended. Is it expensive to live in Hawaii? Yes, Hawaii is known for its high cost of living due to factors such as housing, groceries, utilities, and transportation.
Frequently Asked Questions
Is there a limit on rent increase in Georgia?
Are There Any Limits To Rent Increases In Georgia? No, they aren't. Landlords can increase rent prices as much as they want. Georgia has not imposed a cap on the amount that property owners can request for a rental unit.
Is there a limit on rent increase in Florida?
Florida landlords can raise rent by any amount they want to. In fact, Florida doesn't have any legal limits or caps on rent increases.
Is rent expensive in Honolulu?
The median rent in Honolulu, HI is $2,700. Houses in Honolulu, HI rent between $600 - $120,000 with a median rent of $2,700. This is $0 more than October 2022.
What is Hawaii's minimum wage?
What is the minimum wage in Hawaii? The current minimum wage in Hawaii is $12.00 per hour, which is $4.75 higher than the federal minimum wage of $7.25. Tipped employees may be paid below the minimum wage as long as the combined pay from wages and tips is at least $7 more than the minimum wage.
Who qualifies for affordable housing in Hawaii?
Typically, households qualify for AH rental units if they earn no more than 80 percent of the area median income (AMI) for Oahu, and qualify for AH for-sale units if they earn no more than 120 percent of the AMI.
What is the lowest credit score to rent an apartment?
In general, a landlord will look for a credit score that is at least “good,” which is generally in the range of 670 to 739.
How much does it cost to live in an apartment in Hawaii?
Hear this out loudPauseIn Honolulu county, the average single-family home price was $1.15 million for a single-family house and $515,500 for a condo. The average rent in Hawaii is around $1,630 for a one-bedroom apartment and $2,180 for a two-bedroom apartment.
FAQ
- Is rent expensive in Hawaii?
Hear this out loudPauseRent prices for Apartments in Hawaii are some of the highest in the nation but how much exactly depends on which island you're on, and which side of each island you're on.
- What salary do you need to live comfortably in Hawaii?
Hear this out loudPauseIn Hawaii, you need to earn $112,411 a year to make what's considered a living wage, according to the GBR study. It's the only state where a six-figure salary is required to live comfortably — and no other state even comes close.
- How much does it cost to live in Hawaii?
The cost of living in Honolulu for a family of four is about $7,980 a month, while a single adult will have to pay on average $2,457. Housing in Honolulu will set the single adult back about $1,331 a month, while food will cost around $556.76 for the month.
- What is the average rent in Maui Hawaii?
In Maui County, the median asking rent — which was derived from median price among rental housing advertisements on Craigslist — is $2,500, the most expensive across the state. Median rent in the county is $1,667, which is the second highest in the state. Honolulu City and County has the highest median rent at $1,870.
- What is the most a landlord can raise rent in Colorado?
In Colorado rent increments are not controlled by the state, meaning the landlord can raise rent to any amount that they wish if they feel it is necessary according to the rental market.
- What is the maximum rent increase in Oregon?
10%
A 2019 law capped rent increases at 7% plus inflation, but high inflation in 2022 meant tenants received rent hikes as high as 14.6% this year. The new law added a 10% cap. It only applies to buildings that are at least 15 years old and doesn't apply to subsidized housing.
How much can a property owner raise rent on an apartment
| What is the most a landlord can raise rent in Illinois? | Rent Increases Illinois does not have a rent control law. Therefore, your landlord can raise your rent as much as he/she deems necessary. However, you should contact your local units of government to see if your city or county has a rent control ordinance. |
| What is the new renters law in California 2023? | Rent Control Laws According to the AB-1482 from the California Tenant Protection Act), any rent increase is capped at 5% plus inflation or 10% of the lowest price paid in the last 12 months. These laws started in January 2020, and it's expected to last until January 2030. You can read more about this measure here. |
| Is there a rent increase limit in WA? | In Washington State, there is no maximum amount of rent that is set and rent increases are made at the landlord's discretion and according to the local rental prices. No rent control law determines how often rental prices can be hiked as long as this is not done during a lease term. |
| Is there a limit on rent increase in NJ? | New Jersey has no statewide rent control laws in place. However, cities and counties can enforce their own rent control laws which must be followed if you own a property in one of these areas. Typically local rent control limits rent increases to between 2-6%, though it all depends on the area. |
| How much notice does a landlord have to give to raise rent in NYS? | Rent Increase Notice 30 days in advance of renewal if a tenant has lived in the apartment less than one year and has less than a 12-month lease. 60 days in advance for a tenant who has lived in the apartment for one to two years or for a tenant with a lease term of between one and two years. |
| What is the CPI for rent increase in California 2023? | Effective July 1, 2023, the annual rent adjustment maximum rate will be 9.2%. The Tenant Protection Program annual rent adjustment is based on 5% plus the percentage of the annual increase in the California Consumer Price Index (CPI) for All Urban Consumers for all items, if any. 5.156. |
- How often can a landlord raise rent in PA?
Pennsylvania has no statewide legislation regarding rent control, so you can increase rent as much as you see fit. However, you cannot raise the rent in retaliation because the tenant exercised a legal right or filed a complaint of discrimination.
- How often can a landlord raise rent in Florida?
How Often Can You Increase Rent in Florida? Once again, landlords can increase rent as often as they like, as long as they give tenants a sufficient rent increase notice.
- What is the rent increase for 2023 in NY?
For a two-year lease commencing on or after October 1, 2023 and on or before September 30, 2024: For the first year of the lease, 2.75%; and. For the second year of the lease, 3.20% of the amount lawfully charged in the first year, excluding any increases other than the first-year guideline increase.
- Can you live cheaply in Hawaii?
Looking for an affordable city in Hawaii that has both budget-friendly homes and tons of exciting things to do? Waimalu should be at the top of your list! Just 20 minutes from Honolulu, this Oahu city is the ultimate place to be if you want to live close to the city without having to pay city prices.
- How much does it cost to rent an apartment in hawaii
The price range of a 1 bedroom apartment is between $1,250 and $4,234. Search 1 bedroom apartments in Hawaii. How many 1 bedroom apartments for rent are
- What is the average rent for an apartment in hawaii
The average 1 bedroom rent in Honolulu, HI is $1450. Research in-depth renter data, rent price trends and other rental statistics for Honolulu, HI.
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