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Oahu Rental Market Overview
The number of Oahu property rentals decreased in July compared to last year but increased from last month. Median price increased year-over-year but decreased from June. Properties took a couple days longer to rent for both time period comparisons. The number of available rentals decreased about 6% from the past few months.
In the luxury rental market, there was a significant increase in the number of properties rented compared to last year but a decreased in month-over-month rentals. As with the overall market, median price increased year-over-year but decreased from June and properties took a couple days longer to rent for both time period comparisons. There are 126 luxury properties currently available for long-term rent on Oahu, a 10% decreased from June.
Highest Rented Single-Family Home
Lanikai, Kailua
3 bedrooms | 3 bathrooms | 2,000 sq ft living
Why this property is spectacular: Beautiful, furnished, long-term rental is available in Lanikai. This fabulous location boasts a big yard, several outdoor seating areas (one all-weather type space), extra long driveway, EV charger outlet, storage space, and split ac in the bedrooms as well as main living room! Great beach home, 1/2 block to water, walk to Lanikai Pillbox hike, and pet friendly. Large kitchen with all the conveniences including a gas range! Outdoor shower, coconut trees, bbq, and plenty of play space in the back yard.
Rented for: $10,000/month after 260 days on market.
Source: State Tax Office & Bureau of Conveyances
Picture from Honolulu Board of Realtors
Highest Rented Condo
Waiea, Kaka’ako
3 bedrooms | 3.5 bathrooms | 2,801 sq ft living
Why this property is spectacular: Experience Hawaii’s iconic and breathtaking ocean views, Waikiki, and Diamond Head as you come home to this exquisite corner oceanfront unit, accessed through your private 217 sq. ft. foyer. This spacious, unfurnished 2,801 sq. ft. Waiea residence features 3 bedrooms and 3.5 bathrooms, offering the pinnacle of contemporary coastal luxury and privacy. The residence is equipped with Miele appliances, an upgraded oversized wine cooler, a spacious walk-in pantry, and motorized blackout shades in all bedrooms.
Rented for: $16,000/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
