Rent in Hawaii
The median 2-bedroom Fair Market Rent in Hawaii is $2,624/mo, ranking #1 out of 51 states for highest rent. This is $1,374 above the national median of $1,250/mo. Hawaii has a population of 1.4M. About 37.4% of households rent their homes. Fair Market Rent data covers 3 areas across the state.
Highlights
All 3 Areas in Hawaii
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Urban Honolulu Pop. 1.0M | $1,877 | $2,016 | $2,642 | $3,674 | 30.4% | +17.3% |
| Kahului-Wailuku-Lahaina Pop. 165K | $1,896 | $2,000 | $2,624 | $3,398 | 33.1% | +22.7% |
| Kalawao County Pop. 43 | $1,801 | $1,899 | $2,492 | $3,227 | 34.7% | - |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Hawaii is $2,624 per month. Rents range from $2,492/mo in Kalawao County to $2,642/mo in Urban Honolulu. The actual median gross rent statewide is $1,938/mo according to Census data.
Hawaii ranks #1 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $2,624/mo is $1,374 above the national median of $1,250/mo.
The average rent burden across Hawaii is 32.7%, meaning a typical household would spend 32.7% of income on a 2-bedroom at Fair Market Rent. 3 of 3 areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $98,317.
The most affordable area in Hawaii is Kalawao County with a 2-bedroom Fair Market Rent of $2,492/mo. The median household income there is $86,250.
The most expensive area in Hawaii is Urban Honolulu with a 2-bedroom Fair Market Rent of $2,642/mo. The median household income there is $104,264.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.