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Oahu Rental Market Overview
In May, the number of properties rented on Oahu decreased from last year but increased from April. Median price in May was up compared both time periods. Properties rented a few days faster and received about the same ratio of rental price to asking price. As of 6/22, there are currently 622 properties available for long-term rent on Oahu, higher than we have since for nearly a year.
The number of luxury rentals increased significantly in May, up over 36% from last May, reaching the highest monthly rental volume in the last three years. Median price was the same as last year but down slightly from last month. Luxury properties rented in the same amount of time as last May but five days faster than April 2025. As of 6/22, there are 187 luxury properties currently available for long-term rent on Oahu, up 16.8% from March.
Long-Term Rentals Year-Over-Year: May 2025 vs. May 2024
- 477 Rented, down 5.7%
- $2,800 Median Rental Price, up 7.7%
- 24 Average Days on Market, 2 days faster
- Received 99.9% of Asking Price vs. 99.8%
Long-Term Rentals Month-Over-Month: May 2025 vs. April 2025
- 477 Rented, up 7.2%
- $2,800 Median Rental Price, up 1.8%
- 24 Average Days on Market, 4 days faster
- Received 99.9% of Asking Price vs. 100%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: May 2025 vs. May 2024
- 93 Rented, up 36.7%
- $4,500 Median Rental Price, no change
- 31 Average Days on Market, no change
- Received 100% of Asking Price vs 99.8%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: May 2025 vs. April 2025
- 93 Rented, up 17.7%
- $4,500 Median Rental Price, down 4.2%
- 31 Average Days on Market, 5 days faster
- Received 100% of Asking Price vs 99.8%
Highest Rented Single-Family Home
Beachside, Kailua
5 bedrooms | 4.5 bathrooms | 3,441 sq ft living
Why this property is spectacular: Located on an exclusive beachside lane, this single story home exemplifies island living. Large doors in the living room open to the landscaped yard & pool area; perfect for entertaining or enjoying a swim. The gourmet kitchen is equipped with everything you need for hosting dinner gatherings. The dining room flows to the living room, which is a sumptuous area for relaxing with a good book. The large main bedroom features wide doors to the outdoor area. Its bathroom has a large soaking tub & doors that open to an outside shower.
Rented for: $13,500/month after 4 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Victoria Place, Kaka’ako
3 bedrooms | 3 bathrooms | 1,758 sq ft living
Why this property is spectacular: This brand new residence offers an exceptional living experience with breathtaking views of the ocean, Ala Moana Boat Harbor, the coastline, and stunning sunsets. Bright and airy, the open-concept living space is anchored by a chef-inspired kitchen featuring Sub-Zero and Wolf appliances, a sophisticated marble island and elegant lighting.The ocean-facing primary suite is a private retreat with expansive views, a walk-in closet, and a spa-like bathroom with deep soaking tub.
Rented for: $15,000/month after 30 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
