Rent Tracker
Rent Inflation in Hilo, HI
The average asking rent in Hilo, HI is $2,442/month as of 2026-08. That is +7.9% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$2,442/mo
as of 2026-08
Year-over-Year Change
+7.9%
24-Month Rent Trend
Monthly ZORI index values for Hilo, HI.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $2,442 | -7.99% |
| 2026-06 | $2,654 | +2.31% |
| 2026-05 | $2,594 | +10.57% |
| 2026-03 | $2,346 | -0.55% |
| 2026-02 | $2,359 | +1.33% |
| 2026-01 | $2,328 | +2.46% |
| 2025-12 | $2,272 | +2.20% |
| 2025-11 | $2,223 | -0.45% |
| 2025-10 | $2,233 | -0.45% |
| 2025-09 | $2,243 | -1.02% |
| 2025-08 | $2,266 | +0.44% |
| 2025-07 | $2,256 | -0.35% |
| 2025-06 | $2,264 | +0.04% |
| 2025-05 | $2,263 | -0.31% |
| 2025-04 | $2,270 | -0.18% |
| 2025-03 | $2,274 | +0.66% |
| 2025-02 | $2,259 | +0.80% |
| 2025-01 | $2,241 | +1.36% |
| 2024-12 | $2,211 | +0.64% |
| 2024-11 | $2,197 | +1.20% |
| 2024-10 | $2,171 | +0.05% |
| 2024-09 | $2,170 | -0.05% |
| 2024-08 | $2,171 | +0.14% |
| 2024-07 | $2,168 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices