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Oahu Rental Market Overview
In March, the number of properties rented on Oahu increased year-over-year and month-over-month. Median price in March was up compared to the same period last year but down since February. Properties rented at about the same speed and received about the same ratio of rental price to asking price. There is a decrease of about 25 available rentals from last month.
The number of luxury rentals also increased in March, up nearly 20% from last March and nearly 10% from February. Median price increased compared to both time periods. Luxury properties rented about a week slower than both last March and February 2025. As of 4/30, there are 156 luxury properties currently available for long-term rent on Oahu, up 3.6% from February.
Long-Term Rentals Year-Over-Year: March 2025 vs. March 2024
- 462 Rented, up 8.2%
- $2,650 Median Rental Price, up 6%
- 27 Average Days on Market, 2 days slower
- Received 99.9% of Asking Price, no change
Long-Term Rentals Month-Over-Month: March 2025 vs. February 2025
- 462 Rented, up 9.2%
- $2,650 Median Rental Price, down 1.8%
- 27 Average Days on Market, 2 days faster
- Received 99.9% of Asking Price, no change
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: March 2025 vs. March 2024
- 70 Rented, up 18.6%
- $4,675 Median Rental Price, up 3.9%
- 38 Average Days on Market, 8 days slower
- Received 99.8% of Asking Price vs 99.5%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: March 2025 vs. February 2025
- 70 Rented, up 9.3%
- $4,675 Median Rental Price, up 3.9%
- 38 Average Days on Market, 7 days slower
- Received 99.8% of Asking Price vs 100%
Highest Rented Single-Family Home
Koko Kai, Hawaii Kai
5 bedrooms | 3 bathrooms | 3,104 sq ft living
Why this property is spectacular: Beautiful kitchen overlooking swimming pool and breath-taking ocean views! Private large master suite upstairs with private balcony and office area. Ground level has four bedrooms with two full baths. Split AC unit in dining and living room area and two bedrooms have AC window units. Parking for three cars at the top of the driveway along with 2 car garage.
Rented for: $7,600/month after 12 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Anaha, Kaka’ako
3 bedrooms | 3.5 bathrooms | 2,445 sq ft living
Why this property is spectacular: Enjoy panoramic sunsets from this rarely available fully furnished rental unit straddling Ala Moana Beach & center of Kakaako. This preferred Diamond Head corner end unit located at Anaha Condo Building has ocean, mountain & Diamond Head views. The interior of this 2,445 SQ FT contemporary apartment hosts 3 bedrooms, 3/1 bathrooms and is adorned with hardwood and tile flooring. The upgraded main property offers an assortment of amenities including glass bottom pool, dry & steam sauna, Jacuzzi, BBQ, Golf Simulator, Putting Green, and more
Rented for: $16,000/month after 36 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
