Rental prices in Lake Merritt, Oakland, CA have increased by 6.77% over the past year. The average rent moved from $1,875 to $2,002.
Check out the average rent in Oakland.
The national average price of rental apartments is $1,741, while the average monthly rent in Lake Merritt, Oakland, CA is $2,002.
The average monthly rent for an apartment in Lake Merritt, Oakland, CA is around $2,002.
A share of 71% of apartments in Lake Merritt, Oakland, CA have the cheapest rents between $1,501-$2,000. Around 24% of Lake Merritt's apartments have monthly rents between $2,001-$2,500. There are 5% of apartments with rents between $2,501-$3,000.
The largest share of rentals in Lake Merritt, Oakland, CA (71%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 5 studio rentals available on RentCafe. Prices and availability in Lake Merritt, Oakland, CA were last updated on 28 Feb 2026.
The average Lake Merritt, Oakland, CA studio apartment size is 361 sq. ft.
Studio apartments in Lake Merritt, Oakland, CA tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
In total, Lake Merritt, Oakland, CA has 10,372 residents, 5,316 women and 5,056 men, per U.S. Census recent estimates. Statistics show that the median age of Lake Merritt’s population is 42.
There is a total of 5,091 households in Lake Merritt, Oakland, CA. Of these, 1,032 have children and 4,060 are without children. Per Census Bureau’s most current estimates, 2,136 family households and 2,955 non-family households live in this area. The size of a household in Lake Merritt is 1.99 people, on average. The median household annual income in Lake Merritt equals $153,476, and the monthly housing costs equal $2,638.
According to data from the U.S. Census Bureau, 3% of the population in Lake Merritt, Oakland, CA have no high school education, 9% went to high-school, and 12% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 38% hold a Bachelor Degree, and 34% hold a Graduate Degree.
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