Average Rent in Oakland, CA

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Current Versus Historical Oakland, CA Rents

Oakland rentals average $1,995 for a studio rental to $6,995 for a 4-bedroom rental. The median price of all currently available listings is $2,945, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $298 (-16.72%) year-over-year from $1,783 to $1,485. 1-bedroom rentals prices have decreased by $79 (-4.04%) year-over-year from $1,956 to $1,877. 2-bedroom rentals prices have decreased by $216 (-7.96%) year-over-year from $2,716 to $2,500. 3-bedroom rentals prices have increased by $267 (8.01%) year-over-year from $3,331 to $3,598. 4-bedroom rentals prices have increased by $1,763 (41.59%) year-over-year from $4,238 to $6,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 1.24% this month. 1-bedroom rents have gone down by 0.64% this month. 2-bedroom rents have gone down by 1.92% this month. 3-bedroom rents have gone up by 4.81% this month. 4-bedroom rents have gone up by 11.47% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.73 $1,485 $1,783 (-16.72%) $2,963 (-49.89%)
1 BR $3.24 $1,877 $1,956 (-4.04%) $1,832 (2.47%)
2 BR $3.05 $2,500 $2,716 (-7.96%) $2,378 (5.12%)
3 BR $2.71 $3,598 $3,331 (8.01%) $2,998 (19.98%)
4+ BR $2.34 $6,000 $4,238 (41.59%) $5,107 (17.49%)

Historical Rents in Oakland, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Oakland

There are a total of 1 cities nearby Oakland. The average rent in Oakland is currently $3,758 per month. Our records show that San Francisco, CA, with an average rent of $3,758, is the most affordable city nearby. In contrast, the most expensive city near Oakland, CA is San Francisco, CA. Monthly rents here are on average $3,758 per month.

Let's compare Oakland, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Oakland, CA is 35.34% more affordable than other cities nearby. One bedrooms are about 52.85% more affordable. Two bedrooms in Oakland, CA are about 57.86% more affordable. Finally, rent for three bedrooms are about 80.28% more affordable. Want more information? Check out the top 1 cities near Oakland, CA in the following chart.
City Studio 1 Bed 2 Bed All
San Francisco, CA $2,700 $3,420 $4,848 $3,758

Top Neighborhoods Near Oakland

There are a total of 1 neighborhoods in or near Oakland. We've included all of these top 1 neighborhoods in or near Oakland, CA in the following chart.

The average rent for these 1 neighborhoods in or near Oakland, CA is currently around $3,898 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Oakland's average rent, which is only $2,945. Out of all the neighborhoods in or near Oakland, South of Market has the most affordable average rent at $3,898 per month. Whereas, at $3,898 average rent per month, South of Market is the most expensive neighborhood in or near Oakland. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
South of Market, San Francisco, CA $2,807 $3,531 $4,906 $3,898

Top Counties Near Oakland

There are a total of 1 counties located by Oakland, CA. Some of these counties include Alameda, CA, Contra Costa, CA, and San Mateo, CA. The average rent for rentals in these counties is $3,257. That's roughly around $4 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Alameda, CA. It's average rent per month is $2,886. Vice versa, with an average rent of $3,758, San Francisco, CA is the most expensive county by Oakland, CA.

Typically, rent for studios in Oakland, CA is 19.45% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Oakland, CA is 16.86% more affordable than other counties nearby. Finally, rent for two bedrooms in Oakland, CA is 13.38% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Alameda, CA $2,259 $2,395 $3,164 $2,886
Contra Costa, CA N/A $2,073 $2,800 $3,098
San Mateo, CA $2,507 $2,835 $3,800 $3,417
San Francisco, CA $2,700 $3,420 $4,848 $3,758

Top Zipcodes Near Oakland

There is one zipcode in or near Oakland, CA. The average rent for this zipcode is $4,595.

The following chart includes the zipcode in or near Oakland, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
94105, San Francisco, CA $2,962 $4,215 $5,695 $4,595

Frequently Asked Questions - Oakland Average Rents

What is the average rent price in Oakland, CA?
The average monthly rental price for Oakland, CA apartments for rent is approximately $2,945. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Oakland, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Oakland, CA.
How much is a studio apartment in Oakland, CA?
The average monthly rental price for studio apartments is $1,995 and an average price per square feet of $2.73. There are a total of 3 studio apartment listings currently available for rent in Oakland.
How much is a one bedroom apartment in Oakland, CA?
The average monthly rental price for one bedroom apartments is $2,238 and an average price per square feet of $3.24. There are a total of 18 one bedroom apartment listings currently available for rent in Oakland.
How much is a two bedroom apartment in Oakland, CA?
The average monthly rental price for two bedroom apartments is $3,071 and an average price per square feet of $3.05. There are a total of 17 two bedroom apartment listings currently available for rent in Oakland.
How have rent prices in Oakland, CA changed this year?
Rent prices for rentals in Oakland, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.17%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by 0.08% year-over-year.
What is a reasonable rent price in Oakland, CA?
A reasonable rent price in Oakland, CA is around $2,356/month. You can search for these reasonably priced rental listings on RentHop.
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