How many apartments are available in Waimea Ahupua`a on Rentable.co?

Rentable.co has over 2 apartments available near Waimea Ahupua`a.

How many apartments are available in Waimea, HI on Rentable.co?

Rentable.co has over 122 apartments available in Waimea.

What is the average rent for a studio apartment in Waimea, HI?

The average rent for a studio apartment in Waimea is around $1,450 per month.

What is the average rent for a one-bedroom apartment in Waimea, HI?

The average rent for a one-bedroom apartment in Waimea is around $1,750 per month.

What is the average rent for a two-bedroom apartment in Waimea, HI?

The average rent for a two-bedroom apartment in Waimea is around $2,500 per month.

How expensive is it to rent an apartment in Waimea, HI?

For a two-bedroom apartment in Waimea, the average rent price is $2,500 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Waimea, HI?

Based on average rent prices in Waimea, to afford a studio apartment you would need an annual household income of $58,000 to live comfortably.

Apartments in Waimea Ahupua`a

Waimea:
May Rent Report

Welcome to the May 2024 Waimea Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Waimea rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Waimea and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Waimea average rent prices in the chart below.

Monthly Rent Report

$5,150

$3,860

$2,580

$1,290

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Waimea Rent Prices Decrease From April to May

Waimea rent prices decreased over the last month. From April to May, the city experienced a -2.0% decrease for the price of a one-bedroom apartment. The rent price for a Waimea one-bedroom apartments currently stands at $1,961.0.

When we take a look at the two-bedroom comparison from April to May, Waimea experienced a -2.58% decrease for the price of a two-bedroom apartment. The rent price for a Waimea two-bedroom apartments currently stands at $3,401.0.

May Prices: Waimea vs. Surrounding Areas

Rent Prices in Waimea and Surrounding Areas

Rent prices have decreased in Waimea over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Waimea suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Waimea suburbs
Rents did not decrease in any of the Waimea suburbs.

May 2024 Pricing Trends: Waimea vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Waimea Rent Prices More Affordable Than Major Cities

Rent growth in Waimea over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Waimea average rent prices appear to be relatively affordable for local residents.

The price for a Waimea one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Waimea and surrounding area rent prices, take a look at the complete data set below.

Data set for Waimea and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.