4

Studio Condos for Rent in Hilo, HI

Section Image
  • /5

    $1,500 Per Month

    • Studio
    • 1 Bath
    • 496 Sq Ft
    • Condo for Rent

    355 Kalanianaole St, Hilo, HI 96720

    Welcome to Orchid Manor Studio, a charming condo located in beautiful Hilo. It features a full bathroom with extra storage space, an open layout that allows for easy movement and a sense of openness, and high ceilings. The condo offers a range of amenities designed to enhance your living experience. An Air conditioning unit is available so that you stay cool during the warm summer days or save on

    355 Kalanianaole St, Hilo, HI 96720
  • /17

    $1,900 Per Month

    • Studio
    • 1 Bath
    • 496 Sq Ft
    • Condo for Rent

    355 Kalanianaole St Unit 304, Hilo, HI 96720

    In very convenient location close to the famous Hilo Farmer's Market. Minutes away from snorkeling at Richardson's Beach. Just a few steps out the back door and there is Reed's Bay, a few yards away. Put your ocean kayak in for a trip around the bay. Or if you prefer, take a dip in the pool to cool off. Easy access to Hwy 11 and Hwy 19 for trips to Volcano and Waimea. Complex has an inground pool

    355 Kalanianaole St Unit 304, Hilo, HI 96720
  • /12

    $1,550 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Condo for Rent

    332 Keawe St Unit 5, Hilo, HI 96720

    Fully furnished efficiency/kitchenette with AC. Walk to everything. Groceries across the street, Farmers Market across the street, movies down the street, restaurants everywhere (and just down the stairs). Hilo Town shops. You'll love the location of this charming unit. Electricity (capped), basic cable, wireless internet, water (& hot water), sewer & parking are included. For

    332 Keawe St Unit 5, Hilo, HI 96720
  • /17

    $1,900 Per Month

    • Studio
    • 1 Bath
    • 496 Sq Ft
    • Condo for Rent

    355 Kalanianaole St Unit 211, Hilo, HI 96720

    FRESHLY REMODELED!Beautifully decorated, fully furnished (including dishes, cookware and linens), with new appliances, furniture (queen sized memory foam bed), housewares, fresh paint, mirrored closets, etc. Entry, dressing area, bath and tub, kitchen area and lanai tiled with classic gray stone finish tile. Lanai has screen enclosure. Unit has window air conditioning and in secure

    355 Kalanianaole St Unit 211, Hilo, HI 96720

Frequently Asked Questions

How much does it cost to rent a condo in Hilo, HI?
The median rent for a condo in Hilo, HI is $2,000 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Hilo, HI?
To comfortably afford the median rent in Hilo, HI, a household needs to earn roughly $96,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,400 per month in Hilo, HI, renters typically need to show $7,200 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Hilo, HI?
In Hilo, HI, the price-to-rent ratio is 18.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Condos for Rent
4
Median Condo Rent
$2,000
Median 1 Bedroom Condo Rent
$2,000
Median 2 Bedroom Condo Rent
$2,700
Median 3 Bedroom Condo Rent
$2,000
How to Rent a Home