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Oahu Rental Market Overview
O‘ahu’s long-term rental market remained steady in April. Compared to April 2025, rental activity was nearly unchanged, with 447 rentals closed, while the median rental price rose 3.1% to $2,850. Properties rented two days faster on average, indicating consistent demand, and they continued to rent at essentially full asking price, showing that pricing remains well supported.
Compared to March 2026, April showed stronger momentum, with rental volume up 15.2% and median rent increasing another 1.8%. Average days on market improved slightly, but the percentage of asking price received fell from 102% to 99.9%, suggesting the market is still competitive but a bit less aggressive than the month before. Overall, the numbers point to a stable market with rising rents, solid demand, and balanced leasing conditions. As of May 26th, there are 520 available long-term rentals on O’ahu, down 8.1% from last month.
Long-Term Rentals Year-Over-Year: April 2026 vs. April 2025
- 447 Rented, up 0.6%
- $2,850 Median Rental Price, up 3.1%
- 26 Average Days on Market, 2 days faster
- Received 99.9% of Asking Price vs. 100%
Long-Term Rentals Month-Over-Month: April 2026 vs. March 2026
- 447 Rented, up 15.2%
- $2,850 Median Rental Price, up 1.8%
- 26 Average Days on Market, 1 day faster
- Received 99.9% of Asking Price vs. 102%
Oahu Luxury Rental Market Overview
O‘ahu’s luxury long-term rental market ($4,000+ per month) showed continued strength in April 2026, with steady demand and rising prices. Year-over-year, rental activity rose slightly, while the median rental price increased 4.3% to $4,850. Notably, properties rented nine days faster on average, signaling improved absorption at the higher end of the market. At the same time, rentals continued to achieve near full asking price, reflecting consistent demand from qualified tenants seeking well-positioned luxury rentals.
Compared to March, the market gained additional momentum, with rental volume up 9.4% and a more pronounced 7.7% increase in median price. Properties rented two days faster, reinforcing a steady pace of activity. Negotiation dynamics remained stable, with properties renting at 99.8% of asking price. Overall, the luxury segment remains healthy and active, with strong pricing support and efficient leasing conditions for well-presented, competitively priced properties. As of May 26th, there are 159 available luxury long-term rentals on O’ahu, down 6.4% from last month.
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: April 2026 vs. April 2025
- 81 Rented, up 1.25%
- $4,850 Median Rental Price, up 4.3%
- 28 Average Days on Market, 9 days faster
- Received 99.8% of Asking Price vs. 100%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: April 2026 vs. March 2026
- 81 Rented, up 9.4%
- $4,850 Median Rental Price, up 7.7%
- 28 Average Days on Market, 2 days faster
- Received 99.8% of Asking Price, no change
Highest Rented Single-Family Home
Diamond Head
2 bedrooms | 2 bathrooms | 1,504 sq ft living
Why this property is spectacular: The one and only C. W. Dickey Beach Cottage is an architectural gem in Honolulu’s prestigious Gold Coast. This extraordinary historic residence is listed on the National Register of Historic Places and presents a once-in-a-generation opportunity to live in a true Hawai’i legacy property. Ideally situated on the quietest stretch of famed Kalakaua Avenue, directly across from the turquoise Pacific, the home rests in the coveted Diamond Head neighborhood, just beyond the energy of Waikiki. This residence features exceptional indoor-outdoor living with high ceilings, vintage custom built-in’s, stained concrete floors, and the iconic “Dickey Roof,” designed to provide natural shade and effortless island ventilation.
Rented for: $15,000/month after 120 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Park Lane, Ala Moana
2 bedrooms | 2 bathrooms | 1,670 sq ft living
Why this property is spectacular: Equipped with top-of-the-line SubZero & Wolf appliances and modern design features including 10′ ceilings, floor-to-ceiling windows, custom closets systems and motorized window coverings. Experience the essence of indoor-outdoor living with your own private lanai with gas grill, mini outdoor refrigerator, dine al fresco with seating for 6, accompanied by remarkable ocean and city views. Park Lane exemplifies the meaning of luxury resort living with unmatched amenities and superior residential services.
Rented for:
Rented for: $16,000/month after 113 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
