Berkeley, CA Rental Market Trends

Highlights

The average rent for an apartment in Berkeley is $3,123, a 2% decrease compared to the previous year, when the average rent was $3,172.

Studio apartments in Berkeley rent for $2,314 a month, while 1-bedroom apartments ask on average $2,705 a month; the average rent for a 2-bedroom apartment is $3,727.

Average Rent in Berkeley, CA

Last updated Sep 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $3,123 $2,314 $2,705 $3,727 $5,480
Y-o-Y Change -2% 1% -1% -2% -1%
Average Apartment Size 723 sq. ft. 457 sq. ft. 650 sq. ft. 891 sq. ft. 1,258 sq. ft.

The average size for a Berkeley apartment is 723 square feet, but this number varies greatly depending on apartment type. A studio averages 457 sq. ft., while a one-bedroom apartment offers a more generous square footage: 650. 2-bedroom apartments in Berkeley have an average size of 891 sq. ft.

Berkeley, CA Apartment Rent Ranges

  • $1,001-$1,5006%
  • $1,501-$2,00032%
  • > $2,00062%

Berkeley, CA Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Sep / 2018 $3,123 $2,314 $2,705 $3,727 $5,480
Jan / 2018 $3,089 $2,254 $2,668 $3,696 $5,480
Sept / 2017 $3,181 $2,314 $2,692 $3,854 $5,625
May / 2017 $3,172 $2,294 $2,721 $3,801 $5,524
Jan / 2017 $3,058 $2,185 $2,648 $3,635 $5,300
Sept / 2016 $2,922 $2,103 $2,569 $3,417 $5,485
May / 2016 $2,924 $2,052 $2,656 $3,510 $5,417
Jan / 2016 $2,789 $1,944 $2,507 $3,363 $5,189
Sept / 2015 $2,703 $1,864 $2,410 $3,298 $4,887
May / 2015 $2,649 $1,842 $2,377 $3,201 $4,836
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Average Rent in Berkeley, CA By Neighborhood

University of California
$3,164
Downtown Berkeley
$3,162
Elmwood
$3,162
Panoramic Hill
$3,162
South Berkeley
$3,155
North Berkeley
$3,092
Southwest Berkeley
$3,001

The most affordable neighborhoods in Berkeley are Southwest Berkeley, where the average rent goes for $3,001/month, North Berkeley, where renters pay $3,092/mo on average, and South Berkeley, where the average rent goes for $3,155/mo. If you’re looking for other great deals, check out the listings from Downtown Berkeley ($3,162), Elmwood ($3,162), and Panoramic Hill ($3,162), where the asking prices are below the average Berkeley rent of $3,123/mo.

The most expensive neighborhoods in Berkeley are Elmwood ($3,162), Panoramic Hill ($3,162) and University of California ($3,164).

Berkeley | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Downtown Berkeley is the same as in Elmwood

$3,162

Downtown Berkeley rent is 1% higher than Berkeley average

All rentals $3,162
Studio $2,307
1 Bed $2,679
2 Beds $3,782
3 Beds $5,620
$3,162

Elmwood rent is 1% higher than Berkeley average

All rentals $3,162
Studio $2,307
1 Bed $2,679
2 Beds $3,782
3 Beds $5,620

How Does Berkeley Compare to Nearby Cities

Average Rent Y-o-Y Change
Oakland $2,527 3%
Alameda $2,379 -1%
Emeryville $2,883 -3%
Emeryville City $2,883 -3%
Dublin $2,537 -3%
Pleasanton $2,500 -3%
Fremont $2,313 -2%
Newark $2,327 -4%
San Leandro $1,947 3%
Hayward $2,033 1%
Berkeley $3,123 -2%

For more information about the Berkeley rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Berkeley apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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