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Rent Tracker
The average asking rent in Urban Honolulu, HI is $2,843/month as of 2026-03. That is +5% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$2,843/mo
as of 2026-03
Year-over-Year Change
+5%
Monthly ZORI index values for Urban Honolulu, HI.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $2,843 | +0.32% |
| 2026-02 | $2,834 | +0.64% |
| 2026-01 | $2,816 | -0.14% |
| 2025-12 | $2,820 | -0.04% |
| 2025-11 | $2,821 | +0.32% |
| 2025-10 | $2,812 | +0.57% |
| 2025-09 | $2,796 | +0.58% |
| 2025-08 | $2,780 | +0.11% |
| 2025-07 | $2,777 | +0.25% |
| 2025-06 | $2,770 | +0.87% |
| 2025-05 | $2,746 | +0.70% |
| 2025-04 | $2,727 | +0.70% |
| 2025-03 | $2,708 | +0.00% |
| 2025-02 | $2,708 | +0.67% |
| 2025-01 | $2,690 | -0.11% |
| 2024-12 | $2,693 | +0.34% |
| 2024-11 | $2,684 | +0.07% |
| 2024-10 | $2,682 | +0.60% |
| 2024-09 | $2,666 | +0.41% |
| 2024-08 | $2,655 | +0.19% |
| 2024-07 | $2,650 | +0.30% |
| 2024-06 | $2,642 | +0.38% |
| 2024-05 | $2,632 | +0.57% |
| 2024-04 | $2,617 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report