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

The average size for a Lake Merritt, Oakland, CA apartment is 797 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 Feb / 2026, the average rent in Lake Merritt is $2,493 per month, a 5.36% increase from last years average of $2,366.

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

In Lake Merritt, studios rent for $1,965 per month, one-bedroom units average $2,267 per month, two-bedrooms cost around $3,123 per month, and three-bedroom apartments rent for about $4,040 per month

What is the average apartment size in Lake Merritt?

The typical apartment in Lake Merritt offers about 797 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 725 sq. ft., two-bedrooms are about 1,024 sq. ft., and three-bedroom apartments average 1,334 sq. ft.

What are the most affordable neighborhoods in Lake Merritt?

The most affordable neighborhoods in Lake Merritt include Lakeside ($1,950/month), Castlemont ($2,021/month), and Ralph Bunche ($2,058/month), all below the citywide average of $2,600.

What are the most expensive neighborhoods in Lake Merritt?

The most expensive neighborhoods in Lake Merritt are Waverly ($2,807/month), Mosswood ($2,838/month), and Merritt ($3,026/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 44% of rentals in this range.

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

In Lake Merritt, 61% of households rent while 39% own their homes, based on the latest U.S. Census data.

Last updated: April 15, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lake Merritt is $2,493, a 5.36% increase compared to the previous year, when the average rent was $2,366.

Studio Apartments at $1,965 offer the most budget-friendly option with 549 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 725 square feet for $2,267, balancing privacy and affordability.

Two-beedroom units at $3,123 offer 1,024 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,334 sq ft) for $4,040, suitable for larger households.

Average rent in Lake Merritt, Oakland, CA

Last updated: April 15, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,493	797 sq. ft.
Studio	$1,965	549 sq. ft.
1 Bed	$2,267	725 sq. ft.
2 Beds	$3,123	1,024 sq. ft.
3 Beds	$4,040	1,334 sq. ft.

Lake Merritt, Oakland, CA rent trends

Rental prices in Lake Merritt, Oakland, CA have increased by 5.36% over the past year. The average rent moved from $2,366 to $2,493.

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

The largest share of rentals in Lake Merritt, Oakland, CA (44%) 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?

3,142 or 61% of the households in Lake Merritt, Oakland, CA are renter-occupied while 2,035 or 39% are owner-occupied.

Most affordable neighborhoods in Lake Merritt?

Lakeside $1,950/month

Castlemont $2,021/month

Ralph Bunche $2,058/month

All of these neighborhoods fall below the city wide average of $2,600/month.

Most expensive neighborhoods in Lake Merritt?

Waverly $2,807/month

Mosswood $2,838/month

Merritt $3,026/month

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

Average Rent in Oakland, CA By Neighborhood

Neighborhood	Average Rent
Merritt	$3,026
Mosswood	$2,838
Waverly	$2,807
Peralta	$2,785
Downtown Oakland	$2,771
Jack London	$2,732
HarriOak	$2,687
Northgate	$2,684
Civic Center	$2,659
Piedmont Avenue	$2,595
Pill Hill	$2,577
Uptown Oakland	$2,577
Grand Lake	$2,392
Old Oakland	$2,199
Adams Point	$2,186
Ralph Bunche	$2,058
Castlemont	$2,021
Lakeside	$1,950

Oakland | Rent Comparison by Neighborhood

Rent in Adams Point is 8% higher than in Castlemont

$2,186

Adams Point rent is 12% lower than Oakland average

Average Rent $2,186

$2,021

Castlemont rent is 19% lower than Oakland average

Average Rent $2,021

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.