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Oahu Luxury Rental Market Overview
Oahu’s luxury long-term rental market remained resilient in July, demonstrating strong demand despite a seasonal slowdown in leasing activity. A total of 117 luxury rentals priced at $4,000 or more per month were leased, representing a 3.5% increase from July 2025, while the median rental price rose 2.1% year-over-year to $4,700 per month. Properties also leased significantly faster, averaging 25 days on market, highlighting continued competition among well-qualified tenants. Notably, luxury rentals achieved 100% of asking price on average, reflecting landlords’ ability to secure full market value. Compared to June 2026, leasing activity softened, with rentals declining 10.7% month-over-month, but pricing remained stable and tenant demand stayed strong. As of August 25, there are 179 available long-term, luxury rentals, down 3.2% from last month.
Overall, the data suggests that Oahu’s luxury rental market remains healthy and well-balanced. While the number of transactions eased from June, strong pricing, faster leasing times, and full-price rental agreements indicate that qualified tenants continue to compete for desirable properties across the island. For owners, the market continues to provide favorable conditions for maximizing rental income, while tenants should be prepared to act quickly when premium opportunities become available.
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: July 2026 vs. July 2025
- 117 Rented, up 3.5%
- $4,700 Median Rental Price, up 2.1%
- 25 Average Days on Market, 9 days faster
- Received 100% of Asking Price, no change
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: July 2026 vs. June 2026
- 117 Rented, down 10.7%
- $4,700 Median Rental Price, no change
- 25 Average Days on Market, 9 days faster
- Received 100% of Asking Price, no change
Oahu Rental Market Overview (All Prices)
Oahu’s long-term rental market showed mixed results in July 2026, with 515 properties rented island-wide, down 11.5% compared to July 2025 but up 3.6% from June 2026. Despite fewer transactions than a year ago, rental rates continued to climb, with the median rent reaching $3,000 per month, a 7.1% year-over-year increase and a 1.7% increase month-over-month. Properties leased in an average of 26 days, unchanged from a year ago and from the previous month, while landlords received an average of 99.9% of asking price, demonstrating continued pricing stability and healthy tenant demand across Oahu. As of August 25, there are 557 available long-term rentals on Oahu.
The continued increase in median rents, coupled with properties leasing near full asking price, suggests that Oahu’s rental market remains well-balanced and competitive despite a lower volume of transactions than last year. For property owners, the market continues to provide favorable rental income opportunities, while renters should expect limited discounts and be prepared to move quickly when desirable properties become available.
Long-Term Rentals Year-Over-Year: July 2026 vs. July 2025
- 515 Rented, down 11.5%
- $3,000 Median Rental Price, up 7.1%
- 26 Average Days on Market, no change
- Received 99.9% of Asking Price vs. 100%
Long-Term Rentals Month-Over-Month: July 2026 vs. June 2026
- 515 Rented, up 3.6%
- $3,000 Median Rental Price, up 1.7%
- 26 Average Days on Market, no change
- Received 99.9% of Asking Price vs. 100%
Highest Rented Single-Family Home
Kahala-Puupanini, Diamond Head
4 bedrooms | 4 bathrooms | 3,530 sq ft living
Why this property is spectacular: Nestled within the exclusive Pu‘u Panini neighborhood, this mid-century modern home captures the tranquility and understated elegance of old Hawai‘i. Expansive windows fill the home with natural light and frame sweeping mountain views from nearly every room. The open kitchen is appointed with top-of-the-line appliances and flows into the main living and dining areas. A separate detached studio with a kitchenette, full bath, and private washer/dryer is ideal for a guest suite or home office. Designed for indoor-outdoor living, the home features a swimming pool, al fresco dining, and a fire pit overlooking Diamond Head.
Rented for: $13,000/month after 59 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
The Park Ward Village, Kaka’ako
2 bedrooms | 3 bathrooms | 1,312 sq ft living
Why this property is spectacular: Experience the convenience of fully furnished, move-in ready living at The Park Ward Village in the heart of Ward Village. The thoughtfully furnished home offers a comfortable, functional layout with premium finishes including Studio Becker cabinetry, quartz countertops, Miele appliances, and a Sub-Zero refrigerator. Residents enjoy resort-style amenities including swimming pools, whirlpools, a fitness center, tennis and pickleball courts, BBQ cabanas, guest suites, walking paths, and more. Conveniently located just minutes from Ala Moana Beach Park, Ala Moana Center, Whole Foods, dining, shopping, and entertainment.
Rented for: $9,500/month after 9 days on market.
Source: State Tax Office & Bureau of Conveyances
Your Hawaii Property Management Experts
Doug T. Davis is an Oahu-based Broker-in-Charge with 45+ years of experience, over 2,000 closed transactions, and more than $1 billion in career sales. He specializes in complex real estate transactions, as well as property management and estate management. Known for navigating high-stakes and challenging deals across all property types, Doug is a trusted resource for clients who need experience-driven results.
Caron B Realty International provides luxury property management and estate management services across Oahu, with a specialized focus on long-term luxury rentals. With more than 10 years of property management experience, the firm has leased over 70 properties and currently manages over 40 residential units. Our team focuses on high-end homes, second residences, and investment properties, working closely with mainland and international owners seeking consistent, long-term rental performance.
Our company’s management strategy is built around securing stable, high-quality tenants and maximizing long-term returns. 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. If you’re looking for help buying or sellign in Hawaii, visit our real estate sales website here.
