Wavecrest Lanai Apartments
2028 Franciscan Way,
Alameda, CA 94501
$2,250 - $2,550
1-2 Beds
Nestled alongside the San Francisco Bay, Alameda’s South Shore is a scenic suburban community with a tranquil atmosphere and fantastic retail options. The heart of the community is the sprawling South Shore Center, an outdoor mall brimming with national retailers and restaurants as well as independent businesses and local Alameda favorites.
South Shore Center prides itself on being a hub for the community, hosting a bevy of year-round events that include cultural festivals and free concert series for everyone. As South Shore continues to grow, more and more apartments and houses are becoming available for rent. Ferry access and close proximity to the 880 makes getting around from South Shore simple.
As of February 2026, the average apartment rent in South Shore is $2,363 for a studio, $2,552 for one bedroom, $3,126 for two bedrooms, and $2,698 for three bedrooms. Apartment rent in South Shore has increased by 3.8% in the past year.
Studio
498 sq ft
Average Sq Ft
$2,363/month
Average Rent
1 BR
664 sq ft
Average Sq Ft
$2,552/month
Average Rent
2 BR
946 sq ft
Average Sq Ft
$3,126/month
Average Rent
3 BR
1,285 sq ft
Average Sq Ft
$2,698/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.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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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 February 2026.