06/29/2026
Oʻahu Luxury Rental Market Update | May 2026
The luxury rental market showed strong momentum in May, with more activity and higher pricing compared to last year.
Year-over-year highlights:
• 112 luxury rentals leased — up 21.7% from May 2025
• Median rent: $4,800 — up 6.6% year-over-year
• 37 average days on market — 6 days slower than last year
• Properties received 99.8% of asking rent
Month-over-month highlights:
• Luxury rentals leased were up 38.2% from April
• Median rent dipped slightly by 1.0%
• Average days on market increased by 9 days
• Available luxury rentals rose to 178, up 11.9% from last month
What this means:
• Demand for well-positioned luxury rentals remains strong
• Tenants are still willing to pay premium rents for the right property
• Luxury renters are taking more time to make decisions
• Pricing, presentation, and marketing matter more than ever
For Oʻahu luxury property owners, the market remains healthy, but success depends on thoughtful pricing, elevated marketing, and clearly showcasing the lifestyle value of your home. To learn about our rental and concierge management services, call or text me at (808) 596-4883