Rents are right about where Kaneohe's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,645 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Kaneohe usually run 1.4% below trend in December and 1.1% above it in May, about $91 a month apart at today's median. Based on 10 years of data.
Rent in Kaneohe is at its highest level since Zillow's records here began in May 2016.
Rent in Kaneohe changed +3.7% over the year to September 2026. Across the 15 Hawaii cities Zillow tracks, the typical change was +5.1%.
From 2019 to 2024, rent in Kaneohe rose 30.3% while median household income rose 15.5% ($108,761 to $125,613). Rent outpaced income.
Rent in Kaneohe is 41.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($125,613) is $3,140 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,850); a 3-bedroom is $3,990.
Aiea, 5 miles away, rents for 23% less ($2,814/mo), about $10,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Kaneohe. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Kaneohe, HI is majority owner-occupied, has a large retiree population, has a median income above the national average, 37.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Kaneohe, HI has changed in 5 years
Compared with 2021, rent in Kaneohe, HI has increased by $987 per month, settling near $3,645 after starting the period at $2,658. Median household income grew from $118,770 to $125,613 between 2021 and 2024, a 5.8% shift. Rent outpaced income growth by roughly 31.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 34,509 to 37,355 between 2021 and 2024, a 8.2% change. About 23.6% of households rent today, against 25.9% in 2021. Taken together, the five-year picture in Kaneohe, HI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Kaneohe on your salary?
At $3,645/mo, how Kaneohe rent compares to typical pay (30% rule).
Kaneohe rent by bedroom count
Median rent for each apartment size in Kaneohe. Click any size for full breakdown.
Tips for renters in Kaneohe
Last updated: October 17, 2026
The median rent in Kaneohe is $3,645/mo as of October 2026. A studio apartment averages $2,000/mo while a 2-bedroom runs $2,850/mo. One-bedroom apartments average $2,180/mo and 3-bedroom units go for $3,990/mo.
At 35% of local median household income ($125,613/yr), Kaneohe ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Kaneohe?
At $3,645/mo, rent takes ~35% of Kaneohe's median household income ($125,613/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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