The average monthly rent of apartments in Merced, CA is $1,262.
The average monthly rent of apartments in Merced, CA is $1,262.
Compared to the national average rent of $1,706, the average rent in Merced, CA is $1,262.
Prices and availability in Merced, CA were last updated on 5 Oct 2022.
The average rent in Merced, CA is $1,262. Start your search for apartments in Merced, CA now.
The price range for a 3-bedroom apartment in Merced, CA is between $1,800 and $2,200. Browse all available 3-bedroom apartments in Merced, CA.
In Merced, 57% of the residents are renting compared to 43% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 5% of Merced’s rentals, 48% are small-scale complexes with under 50 units, and 46% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Merced are about 37 years old, on average. Of these, 19% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About 98% of the rental communities here are low-rise, garden-style communities, 2% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Merced come in a range of sizes and floorplans. Studio apartments represent 5% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 29% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Merced. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Merced is a small town in central California located halfway between Modesto and Fresno. Merced is known for its proximity to Yosemite National Park, which is less than two hours away by car. The Merced National Wildlife Refuge is also located nearby. As a result, Merced has become very popular among renters who like to spend time outdoors. In addition, many renters in Merced are students or faculty members at the University of California, Merced. Although Merced is a small town, there are plenty of fun places for renters to visit, including museums, parks, movie theaters, and performing arts venues.
When compared with similar locations in California, apartments in Merced tend to be more affordable. Many rental properties in Merced are geared toward UC students, especially those located near the university campus. These student-focused rentals tend to be on the smaller side and don’t offer many luxury amenities. However, there are a few apartment properties that take advantage of Merced’s warm weather with community pools. There are also single-family homes available for rent closer to the downtown area. Because the housing market in Merced is very competitive, the selection of rentals available is relatively small, which means that renters will have to move quickly when looking for an apartment. When moving to an apartment in Merced, renters can expect to pay a security deposit. California rental laws limit security deposits to two months’ rent. Many rental apartments in Merced have leases of a year or longer, but there are some short-term rentals as well.
Merced, CA has a population of 84,081 according to the most recent data from the U.S. Census Bureau. 42,064 of Merced’s residents are women and 42,017 are men. The median age of those who live in Merced, CA is 29.8.
The Merced Mall is one of the most popular places for renters to go shopping in Merced. This mall is home to major department stores as well as specialty clothing and electronics stores. The area around the mall contains several big box retailers, including Target, Kohl’s, Walmart, Lowe’s, and Barnes & Noble. There are plenty of local markets and grocery stores spread throughout Merced as well. These range from large national retailers like Costco to locally owned markets. There are also several specialty grocers that sell Asian and Mexican goods. For local produce and other locally made goods, Merced renters love shopping at the Merced Flea & Farmer’s Market, which is located downtown.
According to U.S. Census data, there are 26,626 households in Merced, CA. 18,608 are family households and 8,018 are non-family households. There are 10,924 households with children in Merced and 15,702 households without children. On average, about 3.12 people live in a household in Merced, CA.
Driving is the easiest way to get around Merced, and many renters opt to have a car. It helps that most rental communities in Merced also offer parking on-site. While Merced’s downtown area is somewhat walkable, the neighborhoods become more spread out as you get closer to the mountains. Merced is also very bike-friendly. There are several bike trails throughout town, and consistently warm weather means renters can bike all year round. There are some public transportation options available in Merced as well. Merced County Transit runs local bus routes, and UC Merced has its own shuttle service for students and faculty staff. There is also a shuttle service running from Merced to Yosemite National Park. Amtrak also has a stop in Merced, with trains connecting to Sacramento and Oakland.
The level of education of the population of Merced, CA is as follows: 13% have no high school education, 35% completed some high school, 28% partially completed college, 9% have an Associate Degree, 10% have a Bachelor Degree, and 5% have a Graduate Degree.
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