Updated 8 Minutes Ago
Location
1551 Ala Wai Blvd, Honolulu, HI 96815, USA|Waikiki
Tour 1551 Ala Wai Blvd
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Lee International Properties
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
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About 1551 Ala Wai Blvd
Experience luxury island living at Watermark Waikiki in this beautifully renovated and fully furnished 2-bedroom residence. This desirable corner/end unit features a fully renovated kitchen with top-of-the-line appliances, beautifully updated bathrooms, fresh interior paint, and furnishings: completely move-in ready! Expansive windows throughout the living room and kitchen fill the residence with natural light while capturing breathtaking ocean, city, and mountain views. The corner/end-unit location also provides excellent cross breezes and added privacy, including a private balcony with no neighboring units directly on either side. Enjoy resort-style amenities and an exceptional Waikiki location within walking distance to beaches, shopping, dining, and entertainment. Listed rental rate applies to long-term leases. Short-term leases of 30 days or longer may be available at a different rate. Please inquire for short-term pricing and availability.
Address details
| Neighborhood | Waikiki |
|---|---|
| Zip code | 96815 |
| Type | House for rent |
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Rent trends in Waikiki
2-bedroom apartments at 1551 Ala Wai Blvd cost about 82% more than the average rent price for 2-bedroom apartments in Waikiki.
Median rents as of Sep 19 2026.
Waikiki
Urban Honolulu
| Month | Median Rent |
|---|---|
| October 2024 | $2,762 |
| November 2024 | $2,714 |
| December 2024 | $2,780 |
| January 2025 | $2,925 |
| February 2025 | $2,923 |
| March 2025 | $2,825 |
| April 2025 | $2,837 |
| May 2025 | $2,958 |
| June 2025 | $2,936 |
| July 2025 | $2,877 |
| August 2025 | $2,825 |
| September 2025 | $2,962 |
| October 2025 | $2,921 |
| November 2025 | $2,990 |
| December 2025 | $3,047 |
| January 2026 | $3,142 |
| February 2026 | $3,057 |
| March 2026 | $3,043 |
| April 2026 | $3,000 |
| May 2026 | $3,019 |
| June 2026 | $3,099 |
| July 2026 | $3,050 |
| August 2026 | $2,984 |
| September 2026 | $3,033 |
| Month | Median Rent |
|---|---|
| October 2024 | $3,662 |
| November 2024 | $3,541 |
| December 2024 | $3,527 |
| January 2025 | $3,816 |
| February 2025 | $3,550 |
| March 2025 | $4,030 |
| April 2025 | $3,212 |
| May 2025 | $3,616 |
| June 2025 | $3,942 |
| July 2025 | $3,768 |
| August 2025 | $3,532 |
| September 2025 | $3,602 |
| October 2025 | $3,508 |
| November 2025 | $3,559 |
| December 2025 | $3,375 |
| January 2026 | $3,242 |
| February 2026 | $3,200 |
| March 2026 | $3,212 |
| April 2026 | $3,212 |
| May 2026 | $3,352 |
| June 2026 | $3,425 |
| July 2026 | $3,425 |
| August 2026 | $3,303 |
| September 2026 | $3,275 |
Affordability calculator
Can I afford to live at 1551 Ala Wai Blvd?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$240,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $240,000 annually to afford this 2-bedrooms monthly rent price of $6,000.
For more information on rent affordability, visit our rent calculator.
Schools near 1551 Ala Wai Blvd
President Thomas Jefferson Elementary School
324 kapahulu ave
honolulu, HI, 96815
PK, K-5Public
B
Hawaii School for the Deaf & Blind
3440 leahi ave
honolulu, HI, 96815
PK, K-12Public
Anuenue School
2528 10th ave
honolulu, HI, 96816
PK, K-12Public
B-
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Internet available near 1551 Ala Wai Blvd
Getting around Honolulu near 1551 Ala Wai Blvd
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 1551 Ala Wai Blvd, Honolulu
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
9/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
6/10
At least one elementary school within a 15-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 1551 Ala Wai Blvd
Food Pantry Ltd
438 Hobron Ln
Palama Supermarket
1670 Makaloa St
Queen's Natural Health Food
1649 Kalakaua Ave
Don Quijote
801 Kaheka St
Don Quijote (USA) Co, Ltd
801 Kaheka St
Simply Hawaii
1784 Ala Moana Blvd
Bella Wedding Hawaii
1833 Kalakaua Ave
CC Fashions Returns
460 Ena Rd
Crazy Shirts
1775 Ala Moana Blvd
Gift Paradise
1777 Ala Moana Blvd
Honolulu Coffee Company
100 Holomoana St
Kona Mountain Coffee
2005 Kalia Rd
Orange Julius
2005 Kalia Rd
Sacred Art Tattoo & Coffee Bar
1925 Kalakaua Ave
Honolulu Coffee Experience Center
1800 Kalakaua Ave
Tropics Ale House Waikiki
1778 Ala Moana Blvd
Mai Tai Lounge LLC
1850 Ala Moana Blvd
Chart House Waikiki
1765 Ala Moana Blvd
Irish Rose Saloon
478 Ena Rd
Trees Restaurant & Bar
1956 Ala Moana Blvd
Kulu Kulu Honolulu
438 Hobron Ln
Marie's Convenience
1860 Ala Moana Blvd
Marie's Health Foods
1860 Ala Moana Blvd
Blue Water Shrimp International LLC
2005 Kalia Rd
Blue Water Shrimp & Seafood
Hilton Hawaiian Vlg
Hobron Lane Park
Ala Wai Promenade
Park
Frank C. Judd Park
Park
Komedokoro MS
438 Hobron Ln
Paid Lunch LLC
343 Hobron Ln
E Chicken Hi
941 Kawaiahao St
Waikiki Gangnam Style
Waikiki Gangnam Style Inc.
Aloha Sushi-Waikiki
1778 Ala Moana Blvd
ALA MOANA BL + HOBRON LN
Waikiki-Airport-Aloha Stadium, Ala Moana-Sea Life Park, Ewa Beach-Waikiki, Country Express! E
ALA MOANA BL + OPP KALIA RD
Waikiki-Airport-Aloha Stadium, Ala Moana-Sea Life Park, Ewa Beach-Waikiki
ALA MOANA BL + HOBRON LN
Waikiki-Airport-Aloha Stadium, Ala Moana-Sea Life Park, Ewa Beach-Waikiki, Country Express! E, Waipahu via Farrington Express, Waipahu via Paiwa Express, Kalihi via School Street Express
KALAKAUA AVE + ENA RD
Waikiki-School-Middle, Nuuanu-Punahou-Mccully, Waikiki-Ala Moana, Liliha-Waikiki-University
KALAKAUA AVE + KAPIOLANI BL
Liliha-Waikiki-University, Kalihi-Waikiki-Kahala Limited, Waikiki-Ala Moana
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