FOUND Study Downtown Berkeley
2024 Durant Ave,
Berkeley, CA 94704
2-3 Beds | $1,000 - $2,700
Rental Market Trends in Berkeley, CA
What is the average rent in Berkeley, CA?
$2,272/month
Average Rent
566 Sq Ft
Average Apartment Size
-0.2%
Decrease in the Last Year
As of December 2024, the average rent in Berkeley, CA is $2,272 per month. This is 46% higher than the national average rent price of $1,560/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 $2,083 per month for a studio, $2,272 for a one-bedroom apartment, and around $3,193 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,559 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 decreased by 0.2%, which averages out to $4 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Berkeley, CA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
16%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
57%
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 Aquatic Park 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, Downtown Berkeley, North 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 $2,272, you’ll want to make about $7,573 per month or $90,876 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
$1,820/month
$2,324/month
One Bedroom
$2,713/month
$2,665/month
Two Bedroom
$3,404/month
$3,529/month
Three Bedroom
$5,756/month
$4,885/month
Nearby City Rent Trends
Apartment communities in Berkeley we think you'll love
Property Management Companies in Berkeley, CA
Greystar
-
3,184
Communities
-
881,592
Units
-
828
Cities
11 Communities in Berkeley
SG Real Estate
-
11
Communities
-
655
Units
-
3
Cities
6 Communities in Berkeley
Essex
-
148
Communities
-
45,801
Units
-
66
Cities
3 Communities in Berkeley
Equity Residential
-
184
Communities
-
59,208
Units
-
82
Cities
2 Communities in Berkeley
Hawkins Way Capital
-
11
Communities
-
1,244
Units
-
6
Cities
2 Communities in Berkeley
FPI Management
-
601
Communities
-
104,366
Units
-
218
Cities
1 Community in Berkeley
Bozzuto
-
351
Communities
-
107,559
Units
-
151
Cities
1 Community in Berkeley
AvalonBay
-
185
Communities
-
65,354
Units
-
124
Cities
1 Community in Berkeley
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.