Average Rent in Oakland, CA

Current Versus Historical Oakland, CA Rents

Oakland rentals average $0 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $2,872, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $1,248 (76.24%) year-over-year from $1,637 to $2,885. 1-bedroom rentals prices have increased by $1,089 (56.28%) year-over-year from $1,936 to $3,025. 2-bedroom rentals prices have increased by $1,157 (44.47%) year-over-year from $2,601 to $3,758. 3-bedroom rentals prices have increased by $1,053 (30.12%) year-over-year from $3,497 to $4,550. 4-bedroom rentals prices have increased by $4,797 (114.25%) year-over-year from $4,198 to $8,995. 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 up by 45.94% this month. 1-bedroom rents have gone up by 34.49% this month. 2-bedroom rents have gone up by 25.83% this month. 3-bedroom rents have gone up by 18.70% this month. 4-bedroom rents have gone up by 39.13% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.45	$3,025	$1,936 (56.28%)	$1,865 (62.20%)
2 BR	$3.07	$3,758	$2,601 (44.47%)	$2,378 (58.01%)
3 BR	$3.04	$4,550	$3,497 (30.12%)	$2,966 (53.41%)
4+ BR	$2.16	$8,995	$4,198 (114.25%)	$4,872 (84.64%)

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 $3,911 per month. Our records show that San Francisco, CA, with an average rent of $3,911, 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 $3,911 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 inf% more affordable than other cities nearby. One bedrooms are about 48.52% more affordable. Two bedrooms in Oakland, CA are about 53.15% more affordable. Finally, rent for three bedrooms are about 51.78% 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	$2,773	$3,504	$4,910	$3,911

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 $4,056 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 $2,872. Out of all the neighborhoods in or near Oakland, South of Market has the most affordable average rent at $4,056 per month. Whereas, at $4,056 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	$2,863	$3,706	$4,916	$4,056

Top Counties Near Oakland

There are a total of 1 counties located by Oakland, CA. Some of these counties include Alameda, CA, San Mateo, CA, and San Francisco, CA. The average rent for rentals in these counties is $3,375. That's roughly around $4 per sqft. The county that is the most affordable is Alameda, CA. It's average rent per month is $2,879. Vice versa, with an average rent of $3,911, San Francisco, CA is the most expensive county by Oakland, CA.

Typically, rent for studios in Oakland, CA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Oakland, CA is 20.90% more affordable than other counties nearby. Finally, rent for two bedrooms in Oakland, CA is 14.13% 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	$2,205	$2,634	$3,257	$2,879
San Mateo, CA	$2,402	$2,852	$3,659	$3,375
San Francisco, CA	$2,773	$3,504	$4,910	$3,911

Top Zipcodes Near Oakland

There are a total of 2 zipcodes in or near Oakland, CA. The average rent for all of these zipcodes is $4,058.

The following chart includes the top 2 zipcodes in 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	$2,997	$4,473	$5,526	$4,751
94103, San Francisco, CA	$2,715	$3,370	$4,060	$3,364

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 $2,872. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $2,359 and an average price per square feet of $3.45. There are a total of 16 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 $3,206 and an average price per square feet of $3.07. There are a total of 10 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 0.76%, one bedroom rental prices have changed by 0.56%, two bedroom rental prices have changed by 0.44%, and three bedroom rental prices have changed by 0.30% year-over-year.

What is a reasonable rent price in Oakland, CA?

A reasonable rent price in Oakland, CA is around $2,298/month. You can search for these reasonably priced rental listings on RentHop.