Residences at Lake Merritt
1940 Webster St,
Oakland, CA 94612
Studio - 2 Beds | $1,998 - $3,213
Rental Market Trends in Oakland, CA
What is the average rent in Oakland, CA?
$2,087/month
Average Rent
625 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of June 2025, the average rent in Oakland, CA is $2,087 per month. This is 28% higher than the national average rent price of $1,628/month, making Oakland one of the most expensive cities in the US. When you rent an apartment in Oakland, you can expect to pay about $1,688 per month for a studio, $2,087 for a one-bedroom apartment, and around $2,691 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,381 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Oakland, CA?
In the past year, rent has increased by 2%, which averages out to $41 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Oakland, CA
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
16%
$700 - $1,000/month
26%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
34%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Oakland?
Based on current rent prices, Middle East Oakland, Lakeshore Hills and Lower Hills District are the most affordable neighborhoods in Oakland.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Oakland?
Based on current rent prices, Shafter, Oaksterdam and Temescal are the most expensive neighborhoods in Oakland.
Neighborhood
Average Rent
Average Sq Ft
Which Oakland neighborhoods have the most rentals available?
The neighborhoods in Oakland with the most apartments available are Downtown Oakland, Uptown Oakland and Lakeside .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Oakland, CA?
Because the average rent in Oakland is $2,087, you’ll want to make about $6,956 per month or $83,472 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Oakland, CA is 37.7% higher than the national average. Generally, housing in Oakland is 70.1% more expensive than the national average, with rent falling between $1,688 - $3,381. You can expect to pay 17.2% more for groceries, 57.5% more for utilities, and 40.8% more for transportation.
How does Oakland, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Oakland, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,043/month
$2,037/month
One Bedroom
$1,158/month
$2,462/month
Two Bedroom
$1,366/month
$3,799/month
Three Bedroom
$1,493/month
$5,653/month
Nearby City Rent Trends
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SRG Residential
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Holland Partner Group
-
69
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20,503
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26
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FPI Management
-
612
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Bozzuto
-
386
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Methodology
† 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 June 2025.
* Percentages may not total 100 due to rounding.