2510 Bancroft Way
2510 Bancroft Way,
Berkeley, CA 94704
Studio - 3 Beds | $2,595 - $4,995
Rental Market Trends in Berkeley, CA
What is the average rent in Berkeley, CA?
$2,294/month
Average Rent
568 Sq Ft
Average Apartment Size
+3.1%
Increase in the Last Year
As of April 2025, the average rent in Berkeley, CA is $2,294 per month. This is 45% higher than the national average rent price of $1,577/month, making Berkeley one of the most expensive cities in the US. When you rent an apartment in Berkeley, you can expect to pay about $2,058 per month for a studio, $2,294 for a one-bedroom apartment, and around $3,186 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,617 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Berkeley, CA?
In the past year, rent has increased by 3.1%, which averages out to $71 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Berkeley, CA
Last Updated April 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
15%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
58%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Berkeley?
Based on current rent prices, Southside, Elmwood and Berkeley Hills are the most affordable neighborhoods in Berkeley.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Berkeley?
Based on current rent prices, North Berkeley, Downtown Berkeley and Northwest Berkeley are the most expensive neighborhoods in Berkeley.
Neighborhood
Average Rent
Average Sq Ft
Which Berkeley neighborhoods have the most rentals available?
The neighborhoods in Berkeley with the most apartments available are Downtown Berkeley, South Berkeley and North Berkeley .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Berkeley, CA?
Because the average rent in Berkeley is $2,294, you’ll want to make about $7,646 per month or $91,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Berkeley, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Berkeley, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$3,399/month
$1,945/month
One Bedroom
$1,888/month
$2,033/month
Two Bedroom
$3,342/month
$2,751/month
Three Bedroom
$4,582/month
$4,290/month
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Methodology
† 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.
* Percentages may not total 100 due to rounding.