Oahu’s long-term rental market remained resilient in July 2026, with rents continuing to rise despite fewer transactions. The median rent increased to $3,000 per month, up 7.1% year-over-year, while properties leased in an average of 26 days and achieved 99.9% of asking price, highlighting steady demand and stable market conditions.
Oahu’s rental market continued to show resilience in June 2026, with rents holding strong despite a slower pace of leasing activity and slightly longer time on market. Discover the latest trends shaping the island’s rental landscape and what today’s market means for property owners.
Rents on Oahu continued to rise in May, even as leasing activity slowed and properties took slightly longer to rent. The luxury market stood out, with strong demand and price growth, though tenants are moving more cautiously.
O‘ahu’s long-term rental market held steady in April, with stable activity, rising rents, and continued near full-price. Month-over-month gains in both volume and pricing point to improving momentum, while slightly softer negotiation margins suggest a more balanced environment. The luxury segment continues to outperform, with faster absorption and stronger price growth, reinforcing healthy demand for well-positioned, high-end rentals across the island.
Oʻahu’s long‑term rental market in March 2026 showed a notable split between demand and pricing power. Year‑over‑year, rented units fell sharply by 14.8%, signaling softer activity. However, median rent price climbed 7.7% to $2,800. Oʻahu’s luxury long‑term rental market strengthened in March 2026, showing a clear rebound in activity even as pricing held steady.
In January, rental volume increased both year-over-year and month-over-month. Median price rose compared to both time periods. The number of luxury rentals increased significantly both last year but and last month, but it still lower than mid-2025 highs.
In December, rental volume increased nearly 18% year-over-year and 1.6% from November of this year. Median price rose sight from the same period last year but decreased over 5% month-over-month. The number of luxury rentals increased significantly from last year but decreased month-over-month.
In November, rental volume increased about 10% year-over-year but decreased over 17% from October of this year. Median price rose compared to both time periods and properties are still renting for almost the full asking price. Properties took three days longer to rent, on average, than in October and November of last year.
In October, rental volume increased both month-over-month and year-over-year. Median price rose slightly from a year ago.
The number of luxury rentals increased significantly from last year but decreased month-over-month. Median price is up 9.4% compared to both time periods.