Residences at Lake Merritt
1940 Webster St,
Oakland, CA 94612
$1,809 - $2,925 | Studio - 2 Beds
Located directly across the bay from San Francisco, Downtown Oakland extends from 12th Street north to Grand Avenue. It includes Lincoln University, several bank headquarters, a variety of restaurants, shops, and theaters. The historic Fox Theater and the art deco Paramount Theatre both offer live performances. Sports fans head to the Oakland-Alameda County Coliseum to cheer on the NFL's Oakland Raiders and to the Oracle Arena to cheer the NBA's Golden State Warriors.
Oakland's "main street" is Broadway, which extends from 8th Street to 17th Street. The neighborhood's history dates back to the 1850s, and the downtown area is home to some of the nation's finest Art Deco architecture. Some places to visit include the Pardee Home (built in1868), the Rotunda Building, and the African American Museum and Library. Downtown Oakland's legendary nightlife includes a variety of craft breweries, live music venues, events at the Oakland-Alameda County Coliseum, and evenings at Jack London Square.
As of April 2025, the average apartment rent in Downtown Oakland is $1,784 for a studio, $2,331 for one bedroom, $3,071 for two bedrooms, and $3,626 for three bedrooms. Apartment rent in Downtown Oakland has increased by 2.1% in the past year.
Studio
439 sq ft
Average Sq Ft
$1,784/month
Average Rent
1 BR
661 sq ft
Average Sq Ft
$2,331/month
Average Rent
2 BR
978 sq ft
Average Sq Ft
$3,071/month
Average Rent
3 BR
1,211 sq ft
Average Sq Ft
$3,626/month
Average Rent
3,238
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.