Homes & Apartments for Rent in 96720

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What to Know About

Life in Hilo & Beyond

Hilo shares many of the great qualities that make Hawaii a desirable place to live.

Hawaii is the tropical paradise of the Pacific. It is unlike any other state because it is composed of islands that boast pristine beaches, lush landscapes, towering volcanoes, and a rich cultural heritage. Immerse yourself in Hawaii's history by visiting the Pearl Harbor Memorial, exploring Bishop Museum and Waimea Canyon, or visiting universities such as the University of Hawaii and Hawaii Pacific University. Hawaii's economy is flourishing, driven by diverse industries, including tourism, agriculture, and technology.

Whether you're an outdoor enthusiast or prefer to relax on the beach, Hawaii has something for everyone. Hike through the Hawaiian Islands' verdant rainforests, surf the Waikiki's legendary waves, or try snorkeling and paddleboarding. In addition, take advantage of top attractions like the Diamond Head State Monument, the Polynesian Cultural Center, and the historic town of Lahaina.

With its breathtaking natural beauty and strong economy, Hawaii is a dream come true for those seeking an outdoor lifestyle and a unique island experience. The state's high quality of life makes it a great place to call home, and its warm and welcoming culture will make you feel at home. Discover why Hawaii is truly a special place that captures your heart and soul.

Rental Market Trends

Hilo, HI

As of April 2025, Hilo's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Hilo's average rent is 47.8% ($1,433) lower than the Hawaii average of $2,998 and 13.0% ($234) lower than the U.S. average of $1,799.

Average Rent
$1,565
Monthly ChangeMonth Over Month Change
Increased1.8% ($27)
Yearly ChangeYear Over Year Change
Decreased4.2% ($68)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,342 Increased9.6% ($117) Increased2.8% ($36)
2 Beds $1,545 Decreased1.3% ($21) Decreased8.7% ($148)
3 Beds $1,850 Increased2.4% ($44) Decreased17.2% ($385)
Nearby Cities Average Rent Avg. Rent vs. HiloAverage Rent vs. Hilo Avg. Days on MarketAverage Days on Market
Keaau $2,486 Increased58.8% ($921) 25 days
Pahoa $2,313 Increased47.8% ($748) 21 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hilo Rental Market FAQs

Explore rental prices, market trends, and availability in Hilo, HI.

The average rent in Hilo, HI is $1,565 per month.
Homes in Hilo typically rent for between $939 and $2,405 per month, with an average of $1,565 per month.
In Hilo, the average rent for a 1-bedroom home is $1,342 per month, for a 2-bedroom home, $1,545 per month, and a 3-bedroom home is $1,850 per month.
The average rent in Hilo is 13% ($234) lower than the national average of $1,799 per month.
The average rent in Hilo has increased by 1.8% ($27) in the last month and decreased by 4.2% ($68) over the past year.
The rental market in Hilo, HI, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Hilo, HI, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 25 rental properties available in Hilo, HI.
Based on the current averages, a household would need an annual income of $61,800 to comfortably afford a 2-bedroom home in Hilo.
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