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Oahu Rental Market Overview
In August, rental volume decreased month-over-month and year-over-year. There was no change in median price in August compared to both time periods. Properties rented one day faster, on average, in August than in July, and in the same amount of time as in last August. As of 9/24, there are 674 properties available for long-term rent on Oahu, up 8.3% from last month.
The number of luxury rentals decreased from July, ending their upward trend since last November. However, rental volume was up 25% from last August. There was no change in median price compared to both time periods. Luxury properties rented several days slower than last year but one day faster than in July. As of 9/24, there are 187 luxury properties currently available for long-term rent on Oahu, up 2.7% from August..
Long-Term Rentals Year-Over-Year: August 2025 vs. August 2024
- 495 Rented, down 8.6%
- $2,695 Median Rental Price, no change
- 25 Average Days on Market, 1 day faster
- Received 99.8% of Asking Price, no change
Long-Term Rentals Month-Over-Month: August 2025 vs. July 2025
- 495 Rented, down 14.8%
- $2,695 Median Rental Price, down 3.75%
- 25 Average Days on Market, no change
- Received 99.8% of Asking Price vs. 100%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: August 2025 vs. August 2024
- 85 Rented, up 25%
- $4,500 Median Rental Price, no change
- 33 Average Days on Market, 4 days slower
- Received 99.7% of Asking Price vs. 99.8%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: August 2025 vs. July 2025
- 85 Rented, down 23.4%
- $4,500 Median Rental Price, no change
- 33 Average Days on Market, 1 day faster
- Received 99.7% of Asking Price vs. 100%
Highest Rented Single-Family Home
Lanikai, Kailua
3 bedrooms | 2 bathrooms | 1,533 sq ft living
Why this property is spectacular: Welcome to 1600A Mokulua Drive, a prestigious retreat nestled in the private oasis of Lanikai. This fully renovated, quintessential Kama’aina home with modern finishes, perfectly situated on the iconic Lanikai Beach. Offering breathtaking views of the Mokulua Islands and the turquoise ocean, this property is the epitome of paradise. Your guests will appreciate the privacy of the lower-level studio, complete with its own full bath and kitchenette. Indulge in morning strolls along the shore, the soothing sounds of the ocean, or refreshing swims at your convenience.
Rented for: $15,000/month after 156 days on market.
Source: State Tax Office & Bureau of Conveyances
Highest Rented Condo
Park Lane, Ala Moana
1 bedroom | 1.5 bathrooms | 846 sq ft living
Why this property is spectacular: Equipped with top of the line appliances, gas range, washer/dryer in-unit, engineered wood floors and stone surfaces throughout. Park Lane is the epitome of luxury living, the unrivaled amenities include valet & concierge services, beach shuttle services, a state-of-the-art fitness center, private training rooms, movie theater, lap pool, hot tub, men’s and woman’s spa, sauna, steam room, hot & cold plunge pools. Entertain your guests in the club room where you have a personal wine locker and watch spectacular sunsets around the warm fire-pit.
Rented for: $7,000/month after 162 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
