If you're trying to do Honolulu on a dime, Frank's studio may be the perfect solution. Imagine a Hong Kong apartment with a queen size bed, fridge, microwave, and tea kettle, space-saving storage racks, a fold down table, and most of the necessary amenities you could want, located on the most convenient side of Waikiki.
Frank met us at the curb and helped us get comfortable as we moved in, showed us the pool and laundry riim, and helped us spot a parking spot across the street.
Hotel parking is astronimical, but with a pleasant half-mile walk you can park for free around the Hilton Hawaiian lagoon--six hours between 6am (I think) and 10pm. And you can park all day and night at the marina next door for $1 per hour. If your very lucky, you might find street parking across the street, but the meter cops will be waiting to ticket you at 6am! Although we never tried them, the food trucks on the corner are a nice boon.