Rent in Hilo, HI
Across Hilo's 2 ZIP codes, a 2-bedroom typically rents for about $1,699 a month, with figures from $1,317–$2,081. The highest typical rent is in 96721 ($2,081) and the lowest in 96720 ($1,317). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Hawaii County pay about 0.28% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,372 | $1,139–$1,605 | 2 |
| 1 bed | $1,280 | $944–$1,615 | 2 |
| 2 beds | $1,699 | $1,317–$2,081 | 2 |
| 3 beds | $2,193 | $1,766–$2,620 | 2 |
| 4 beds | $2,318 | $1,725–$2,910 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Hilo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Hilo, HI?
- About $1,699 a month: the median of the typical rents in 2 ZIP codes, which range from $1,317–$2,081. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Hilo, HI?
- About $1,280 a month: the median of the typical rents in 2 ZIP codes, which range from $944–$1,615. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Hilo, HI?
- About $2,193 a month: the median of the typical rents in 2 ZIP codes, which range from $1,766–$2,620. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Hilo, HI?
- About $1,372 a month: the median of the typical rents in 2 ZIP codes, which range from $1,139–$1,605. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Hilo, HI?
- About $2,318 a month: the median of the typical rents in 2 ZIP codes, which range from $1,725–$2,910. Figures are gross rent (rent plus tenant-paid utilities).
- Which Hilo ZIP code has the highest rent?
- For a 2-bedroom, 96721 has the highest typical rent at $2,081 a month, and 96720 the lowest at $1,317.
- What is the property tax rate in Hilo, HI?
- Owner-occupied homes in Hawaii County pay a typical 0.28% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Hilo rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).