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Oahu Luxury Rental Market Overview
The Oahu luxury long-term rental market remained strong in June 2026, with 131 rentals, a significant 28.4% increase year-over-year and an 18.0% increase from May. This jump in closed rentals shows that demand for higher-end homes and condos remains active, especially as renters continue to seek quality properties in desirable locations.
The median luxury rental price rose to $4,700, up 2.7% compared to last year, though it dipped 2.0% from May, suggesting that while annual pricing remains stronger, the market may be seeing some short-term price sensitivity. Even so, luxury rentals received 100% of asking price, slightly ahead of both last year and last month, which points to steady demand when properties are priced correctly. As of July 28th, there are 185 available luxury long-term rentals on Oahu, up 3.9% from last month.
The main sign of selectivity is the 34 average days on market, which is six days slower than last year, but three days faster than May. Overall, the luxury rental market is healthy and improving month-over-month, but renters are still taking time to choose the right property. For owners, the strongest results will continue to come from strategic pricing, strong presentation, and highlighting lifestyle features such as views, location, amenities, privacy, and turnkey condition.
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: June 2026 vs. June 2025
- 131 Rented, up 28.4%
- $4,700 Median Rental Price, up 2.7%
- 34 Average Days on Market, 6 days slower
- Received 100% of Asking Price vs. 99.9%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: June 2026 vs. May 2026
- 131 Rented, up 18.0%
- $4,700 Median Rental Price, down 2.0%
- 34 Average Days on Market, 3 days faster
- Received 100% of Asking Price vs. 99.9%
Oahu Rental Market Overview (All Prices)
The Oahu long-term rental market remained healthy in June 2026, with demand supporting both rental rates and absorption. A total of 497 long-term rentals closed, up 1.6% year-over-year and 9.4% month-over-month, while the median rent increased to $2,950, reflecting continued upward pressure on pricing.
Properties also achieved 100% of asking price on average, indicating that well-positioned rentals are successfully meeting market expectations. Average days on market was 26 days, just one day slower than a year ago and two days faster than the previous month, suggesting renters remain active and selective.
Overall, the Oahu rental market continues to demonstrate stability and resilience. Rental demand remains strong, pricing continues to trend upward, and well-maintained, professionally marketed properties are achieving near-full asking price.
Long-Term Rentals Year-Over-Year: June 2026 vs. June 2025
- 497 Rented, up 1.6%
- $2,950 Median Rental Price, up 2.6%
- 26 Average Days on Market, 1 day slower
- Received 100% of Asking Price, no change
Long-Term Rentals Month-Over-Month: June 2026 vs. May 2026
- 497 Rented, up 9.4%
- $2,950 Median Rental Price, up 1.7%
- 26 Average Days on Market, 2 days faster
- Received 100% of Asking Price vs. 99.8%
Highest Rented Single-Family Home
Beachside, Kailua
4 bedrooms | 3 bathrooms | 2,400 sq ft living
Why this property is spectacular: Experience the best of Kailua living in this beautifully maintained beachside property. The main home offers 3 bedrooms and 2 bathrooms, while the detached 1-bedroom, 1-bath cottage provides an ideal setup for guests, extended family, or a private home office. Offering 2,400 square feet of interior living space on flat and landscaped lot, this property blends privacy, comfort, and island charm in one of Kailua’s most sought-after neighborhoods. Enjoy the convenience of two gated entry points, expansive outdoor living areas, a greenhouse, and direct access to Kailua Beach via the property’s rear gate and private beach access.
Rented for: $10,500/month after 16 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
One Ala Moana, Ala Moana
2 bedrooms | 2.5 bathrooms | 1,461 sq ft living
Why this property is spectacular: Experience elevated island living in this luxurious high-floor residence at One Ala Moana featuring breathtaking ocean, marina, and sunset views. This spacious, beautifully appointed residence offers floor-to-ceiling windows, elegant contemporary finishes, and a bright open-concept layout filled with natural light. The primary suite features stunning ocean views, spa-inspired bath with double vanities, soaking tub, walk-in shower, and large walk-in closet. Residents enjoy resort-style amenities including fitness center, yoga/exercise studios, spa treatment room, entertainment spaces, BBQ cabanas and more.
Rented for: $18,400/month after 23 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
