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Oahu Rental Market Overview
In January, rental volume increased both year-over-year and month-over-month. Median price rose compared to both time periods. It took about the same amount of time for vacancies to fill in January 2026 as in January 2025 and December 2025. As of 2/25, there are 534 properties available for long-term rent on Oahu, down 1.8% from last month. This is the lowest inventory since we started tracking in June 2022.
The number of luxury rentals increased significantly both last year but and last month, but it still lower than mid-2025 highs. Luxury rental median price was up slightly from January of last year but there was no change from December 2025. 30.6% of luxury rentals had price reductions, compared to 19.3% in December 2025. As with the overall rental market, there wasn’t much change in how long it took to fill vacancies. As of 2/25, there are 147 luxury properties currently available for long-term rent on Oahu, no change from last month.
Long-Term Rentals Year-Over-Year: January 2026 vs. January 2025
- 464 Rented, up 9.1%
- $2,725 Median Rental Price, up 4.8%
- 30 Average Days on Market, 1 day slower
- Received 99.6% of Asking Price vs. 99.9%
Long-Term Rentals Month-Over-Month: January 2026 vs. December 2025
- 464 Rented, up 8.4%
- $2,725 Median Rental Price, up 1.0%
- 30 Average Days on Market, 2 day faster
- Received 99.6% of Asking Price vs. 101%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: January 2026 vs. January 2025
- 75 Rented, up 31.5%
- $4,500 Median Rental Price, up 2.2%
- 35 Average Days on Market, 1 day faster
- Received 99.1% of Asking Price vs. 100%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: January 2026 vs. December 2025
- 75 Rented, up 20.9%
- $4,500 Median Rental Price, no change
- 35 Average Days on Market, 2 days slower
- Received 99.1% of Asking Price vs. 113%
Highest Rented Single-Family Home
Bluestone, Kailua
4 bedrooms | 2.5 bathrooms | 2,200 sq ft living
Why this property is spectacular: Experience luxury living in Lanikai with this rare 4-bedroom, 2.5-bath corner end townhome at Bluestone perfectly positioned to capture sweeping views of the Ko’olau mountain range and the Mid-Pacific Country Club golf course. Offering exceptional privacy and generous interior square footage, this residence also features a wrap-around lanai, and a versatile third-level bonus room ideal for an office, studio, or additional living space and is thoughtfully renovated with high-end finishes.
Rented for: $7,800/month after 37 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Park Lane, Ala Moana
3 bedrooms | 3.5 bathrooms | 2,713 sq ft living
Why this property is spectacular: Designed by well-known Hitoshi Tomoda from Estile, this floor plan takes advantage of the natural light that flows throughout giving you the sense of a single family home in a resort setting. Lavishly appointed with furniture from Italy, Subzero & Wolf appliances, 100+ wine refrigerator, double pantry, Sonos system throughout, customized closet systems & motorized window coverings. Enjoy the incomparable amenities at Park Lane which include men’s & women’s spa’s, outdoor hot & cold plunge pools, movement studio, private training room, and more.
Rented for: $23,000/month after 31 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
