Palm Terrace
2925 Monument Blvd,
Concord, CA 94520
$2,495 - $3,055
1-4 Beds
Ellis Lake is a small neighborhood located directly south of Downtown Concord. Ellis Lake is mainly residential with a variety of apartments and condos available for rent. Residents take full advantage of the neighborhood’s proximity to downtown and enjoy visiting the local grocers, eateries, and other amenities. Ellis Lake is also convenient to several large malls including Willows Shopping Center and Sun Valley Shopping Center. The neighborhood is named after its namesake lake. Ellis Lake Park provides residents with lakeside trails, but residents also frequent Meadow Home Park nearby. Highway 242 allows for easy travels into other major Bay Area cities including Walnut Creek and Oakland.
As of January 2026, the average apartment rent in Ellis Lake is $1,660 for a studio, $1,924 for one bedroom, $2,226 for two bedrooms, and $2,814 for three bedrooms. Apartment rent in Ellis Lake has increased by 3.5% in the past year.
Studio
556 sq ft
Average Sq Ft
$1,660/month
Average Rent
1 BR
673 sq ft
Average Sq Ft
$1,924/month
Average Rent
2 BR
916 sq ft
Average Sq Ft
$2,226/month
Average Rent
3 BR
1,117 sq ft
Average Sq Ft
$2,814/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.