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Oahu Rental Market Overview
In June, the number of properties rented on Oahu decreased from last year but increased compared May. We have seen an upward trend in rental volume since December 2024. Median price in June was up compared both time periods. Properties rented in the same amount of time as last June but 2 days slower than last month. As of 7/24, there are 645 properties available for long-term rent on Oahu, up 3.7% from last month.
The number of luxury rentals increased significantly in June, up over 30% from last June, reaching the highest monthly rental volume in the last three years, which was previously set last month. There have been month-over-month gains in rental volume seen December 2024. Median price was down slightly from last year but up slightly from last month. Luxury properties rented a couple days faster than both time periods. As of 7/24, there are 164 luxury properties currently available for long-term rent on Oahu, down 12.3% from June.
Long-Term Rentals Year-Over-Year: June 2025 vs. June 2024
- 493 Rented, down 9.8%
- $2,895 Median Rental Price, up 7.2%
- 26 Average Days on Market, no change
- Received 100% of Asking Price vs. 99.8%
Long-Term Rentals Month-Over-Month: June 2025 vs. May 2025
- 493 Rented, up 3.1%
- $2,895 Median Rental Price, up 3.4%
- 26 Average Days on Market, 2 days slower
- Received 100% of Asking Price vs. 99.9%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: June 2025 vs. June 2024
- 104 Rented, up 30%
- $4,600 Median Rental Price, down 2.1%
- 28 Average Days on Market, 2 days faster
- Received 100% of Asking Price vs 99.9%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: June 2025 vs. May 2025
- 104 Rented, up 11.8%
- $4,600 Median Rental Price, up 2.2%
- 28 Average Days on Market, 3 days faster
- Received 100% of Asking Price, no change
Highest Rented Single-Family Home
Waialae Golf Course, Diamond Head
3 bedrooms | 3.5 bathrooms | 3,516 sq ft living
Why this property is spectacular: Welcome to 1077 Waiholo Street, a charming single-family home with an unbeatable location fronting the beautiful Waialae Golf Course. This property offers breathtaking views and a tranquil environment, all while being just minutes away from the iconic Diamond Head, Waialae Beach Park, and Kahala Mall. Whether you’re enjoying the peaceful surroundings of the golf course or taking advantage of the nearby parks, shopping, and dining, this home offers the perfect blend of comfort, style, and convenience.
Rented for: $13,000/month after 14 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Hokua, Kaka’ako
2 bedrooms | 3 bathrooms | 2,348 sq ft living
Why this property is spectacular: Penthouse level, 10′ high ceilings, floor to ceiling windows with sweeping ocean views. Huge views that will wow you. Unobstructed views that go on forever. Fully furnished with designer style furnishings. Unit recently has upgraded to luxury vinyl flooring, motorized shades and a new Sound system. Includes water, cable, internet, gas and two parking stalls. Electricity is a separate charge. Secured 24/7, guest suites and much much more.
Rented for: $12,000/month after 15 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
