What is the average apartment size in Lake Merritt, Oakland, CA?

The average size for a Lake Merritt, Oakland, CA apartment is 799 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Lake Merritt?

As of Sep / 2025, the average rent in Lake Merritt is $2,530 per month, a 6.22% increase from last year’s average of $2,382.

How much does rent cost by apartment size in Lake Merritt?

In Lake Merritt, studios rent for $2,038 per month, one-bedroom units average $2,270 per month, two-bedrooms cost around $3,227 per month, and three-bedroom apartments rent for about $4,039 per month

What is the average apartment size in Lake Merritt?

The typical apartment in Lake Merritt offers about 799 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Lake Merritt?

Studio apartments in Lake Merritt average 549 sq. ft., one-bedrooms offer 730 sq. ft., two-bedrooms are about 1,020 sq. ft., and three-bedroom apartments average 1,322 sq. ft.

What are the most affordable neighborhoods in Lake Merritt?

The most affordable neighborhoods in Lake Merritt include Castlemont ($1,883/month), Lakeside ($1,942/month), and Grand Lake ($2,159/month), all below the citywide average of $2,651.

What are the most expensive neighborhoods in Lake Merritt?

The most expensive neighborhoods in Lake Merritt are Waverly ($2,853/month), Downtown Oakland ($3,051/month), and Merritt ($3,106/month), often due to premium locations and high-end amenities.

Lake Merritt, Oakland, CA Rental Market Trends

Q: What's the typical rent budget in Lake Merritt?

The typical rent budget in Lake Merritt ranges from $2,001 to $2,500 per month, with 29% of rentals in this range.

Q: Do most people rent or own in Lake Merritt?

In Lake Merritt, 62% of households rent while 38% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lake Merritt is $2,530, a 6.22% increase compared to the previous year, when the average rent was $2,382.

Studio Apartments at $2,038 offer the most budget-friendly option with 549 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 730 square feet for $2,270, balancing privacy and affordability.

Two-beedroom units at $3,227 offer 1,020 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,322 sq ft) for $4,039, suitable for larger households.

Average rent in Lake Merritt, Oakland, CA

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,530	799 sq. ft.
Studio	$2,038	549 sq. ft.
1 Bed	$2,270	730 sq. ft.
2 Beds	$3,227	1,020 sq. ft.
3 Beds	$4,039	1,322 sq. ft.

Lake Merritt, Oakland, CA rent trends

Rental prices in Lake Merritt, Oakland, CA have increased by 6.22% over the past year. The average rent moved from $2,382 to $2,530.

What's the typical rent budget in Lake Merritt, Oakland, CA?

The largest share of rentals in Lake Merritt, Oakland, CA (29%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Lake Merritt, Oakland, CA?

3,145 or 62% of the households in Lake Merritt, Oakland, CA are renter-occupied while 1,946 or 38% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Lake Merritt?

Castlemont $1,883/month

Lakeside $1,942/month

Grand Lake $2,159/month

All of these neighborhoods fall below the city wide average of $2,651/month.

Most expensive neighborhoods in Lake Merritt?

Waverly $2,853/month

Downtown Oakland $3,051/month

Merritt $3,106/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Oakland, CA By Neighborhood

Neighborhood	Average Rent
Merritt	$3,106
Downtown Oakland	$3,051
Waverly	$2,853
Mosswood	$2,798
Jack London	$2,775
HarriOak	$2,768
Peralta	$2,766
Civic Center	$2,633
Piedmont Avenue	$2,610
Northgate	$2,573
Pill Hill	$2,483
Uptown Oakland	$2,395
Old Oakland	$2,394
Adams Point	$2,250
Grand Lake	$2,159
Lakeside	$1,942
Castlemont	$1,883

Oakland | Rent Comparison by Neighborhood

Rent in Adams Point is 20% higher than in Castlemont

$2,250

Adams Point rent is 11% lower than Oakland average

Average Rent $2,250

$1,883

Castlemont rent is 26% lower than Oakland average

Average Rent $1,883

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lake Merritt apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.