Top Rental Markets in Hawaii

The top rental markets in Hawaii are Honolulu, Kihei, Kailua, and Kailua Kona. 

The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.  

Hawaii Rental Trends: 

Hawaii is made up of 137 islands, islets, and shoals. Tourism is the biggest industry in this paradise of a state, meaning property investors will have success with short-term and also long-term rental properties. Here are some highlights from the top rental markets in the Aloha State. 

Days on Market: 

The city with the lowest days on market is Kihei at ten – under the national average which sits at 15 days; Honolulu has the highest number of days on market at 21.


The top three towns for the largest number of leads per listing are under the national average which sits at 38. Here they are:

  • Honolulu – 22 leads per listing
  • Kihei – 22 leads per listing
  • Kailua Kona – 16 leads per listing

Average Rent: (2 bedroom listings)

With the national average rent at $1,207 for a two-bedroom, Kailua and Kailua Kona comes above that with the lowest average rent of $2,054 for a two-bedroom compared to the highest rent in Hawaii at $2,389 in Kihei.

Median Home Sale Price:

According to data from Redfin, which is a national real estate brokerage company, the national median home sale price sits at $306,000. Hawaii’s highest median sale price almost triple that at $857,000 in Kailua with its lowest median sale price at $534,000 in Kailua Kona.

Median Income: 

Hawaii’s median income rings in at $52,050 – above the national average at $48,500.

Security Deposit Trends: 

Security deposits have both risen and fallen in Hawaii’s cities between 2018 and 2019. With the largest being an increase of 25% in Kailua at $2,500, and the largest decrease at -13.04% in Kihei with the current average at around $2,000 – above the national average for security deposits which is $1,200.

Livability Score: 

All of Hawaii’s cities have a livability score of 70 or higher with the highest being Kailua and Kailua Kona at 82!

Please visit here for our full methodology.

Whether you’ve found the best investment property in these top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.


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Sarnen Steinbarth

CEO & Founder TurboTenant, Inc

Sarnen has been investing in rental property since the age of 19. He saw firsthand the need for an easy-to-use and affordable technology backed solution geared towards independent landlords. In October of 2015, he launched TurboTenant. Today TurboTenant serves 200,000+ landlords and is still dedicated to making the rental process easy, smooth, and hassle-free. Sarnen is a regular contributor on Forbes and Bigger Pockets and has firmly positioned himself as thought leader in the real estate and proptech space.

Guidelines for using these data.

You are welcome to use any of the data in this report for your own purposes, we just kindly ask that you properly cite the source. You can view our methodology for our TurboTenant Reports here.  

An example citing: According to a report by TurboTenant, an online property management software company….

If you have data requirements that are outside the scope of this article, please email We have a plethora of data and are happy to supply another data set if it is available. 

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