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Oahu Rental Market Overview
In April, the number of properties rented on Oahu decreased both year-over-year and month-over-month. Median price in April was up compared both time periods. Properties rented at about the same speed and received about the same ratio of rental price to asking price. As of 5/27, there properties currently available for long-term rent on Oahu, down 2.5% from March.
The number of luxury rentals increased in April, up over 14% from last April, reaching one of the highest monthly rental volumes in our data. Median price increased compared to both time periods. Luxury properties rented a few days slower than last April but a couple days faster than April 2025. As of 5/27, there are 160 luxury properties currently available for long-term rent on Oahu, up 1.9% from March.
Long-Term Rentals Year-Over-Year: April 2025 vs. April 2024
- 445 Rented, down 7.6%
- $2,750 Median Rental Price, up 5.7%
- 28 Average Days on Market, 1 day faster
- Received 100% of Asking Price vs. 99.9%
Long-Term Rentals Month-Over-Month: April 2025 vs. March 2025
- 445 Rented, down 3.4%
- $2,750 Median Rental Price, up 3.7%
- 28 Average Days on Market, 1 day slower
- Received 100% of Asking Price vs. 99.8%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: April 2025 vs. April 2024
- 80 Rented, up 6.6%
- $4,750 Median Rental Price, up 5.5%
- 36 Average Days on Market, 3 days slower
- Received 99.8% of Asking Price vs 99.6%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: April 2025 vs. March 2025
- 80 Rented, up 14.3%
- $4,750 Median Rental Price, up 1.6%
- 36 Average Days on Market, 2 days faster
- Received 99.8% of Asking Price (no change)
Highest Rented Single-Family Home
Kawailoa North Shore
4 bedrooms | 3.5 bathrooms | 3,370 sq ft living
Why this property is spectacular: This 4-bed, 3.5-bath home features high ceilings, ocean views, a brand-new kitchen, and multiple lanais. Enjoy spacious living areas, a private outdoor BBQ, and a cozy primary suite. Two other bedrooms offer ocean views. Includes a lush yard, laundry room, and off-road parking for 5 cars.
Rented for: $15,500/month after 78 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Waiea, Kaka’ako
3 bedrooms | 2.5 bathrooms | 2,015 sq ft living
Why this property is spectacular: This stunning ocean-view property boasts a spacious 130 sq ft foyer, a 78 sq ft covered lanai, and two full-size parking stalls. Residents can indulge in a host of upscale amenities, including a fitness center, yoga room, steam room, sauna, theater, cabana, pool, indoor golf simulator, concierge service, and guest suites. For those who appreciate culinary delights, access to a catering and chef’s kitchen with a spacious dining room makes this residence the epitome of luxury and practicality in an unparalleled location.
Rented for: $14,050/month after 39 days on market.
Source: State Tax Office & Bureau of Conveyances
We manage rental properties across Oahu, from Honolulu, to Leeward Oahu, to Kailua and the North Shore. We would be happy to answer any property management or real estate sales questions you have. Call us to schedule a private consultation at (808) 593-9826 or email concierge@caronb.com
