Apartments in Gourmet Ghetto Berkeley

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10
$3,200
5816 San Diego St El Cerrito, CA
3 BR | Available Now
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Albany Hill
7
$1,895
3237 Yosemite Ave El Cerrito, CA
Studio | Available Now
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Dog Friendly
Cat Friendly
Storage
Albany Hill
13
$1,895
3233 Yosemite Ave El Cerrito, CA
1 BR | Available Now
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Dog Friendly
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Albany Hill
10
$2,200
611 Liberty St El Cerrito, CA
2 BR | Available Now
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Dishwasher
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Berkeley:
November Rent Report

Welcome to the November 2024 Berkeley Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Berkeley rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Berkeley and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Berkeley average rent prices in the chart below.

Monthly Rent Report

$3,600
$2,700
$1,800
$900
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Berkeley Rent Prices Decrease From October to November

Berkeley rent prices decreased over the last month. From October to November, the city experienced a -1.9% decrease for the price of a one-bedroom apartment. The rent price for a Berkeley one-bedroom apartments currently stands at $2,219.0.

When we take a look at the two-bedroom comparison from October to November, Berkeley experienced a -1.92% decrease for the price of a two-bedroom apartment. The rent price for a Berkeley two-bedroom apartments currently stands at $3,167.0.

November Prices: Berkeley vs. Surrounding Areas

Alameda, CA
San Francisco, CA
San Mateo, CA
Walnut Creek, CA
San Ramon, CA
Berkeley, CA
Oakland, CA
Hayward, CA
$3,039
$2,964
$2,574
$2,527
$2,328
$2,215
$2,208
$2,057
$0
$1,000
$2,000
$3,000
$4,000
Median 1 BR Rent

Rent Prices in Berkeley and Surrounding Areas

Rent prices have decreased in Berkeley over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Berkeley suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in San Francisco, CA, San Mateo, CA, San Ramon, CA, Hayward, CA .

  • Rent decreased in Oakland, CA, Alameda, CA, Walnut Creek, CA.

  • 5 suburbs are currently priced higher than the city of Berkeley.

  • 2 suburbs are currently priced lower than the city of Berkeley.

November 2024 Pricing Trends: Berkeley vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Berkeley, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$2,215
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Berkeley Rent Prices More Affordable Than Major Cities

Rent growth in Berkeley over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Berkeley average rent prices appear to be relatively affordable for local residents.

The price for a Berkeley one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Berkeley and surrounding area rent prices, take a look at the complete data set below.

Data set for Berkeley and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
San Francisco, CA $2,964.0 2.28% $4,311.0 2.86%
Oakland, CA $2,208.0 -0.05% $2,993.0 -0.17%
San Mateo, CA $2,574.0 2.22% $3,189.0 1.14%
Berkeley, CA $2,215.0 5.18% $3,254.0 3.57%
Alameda, CA $3,039.0 -8.44% $2,903.0 -1.69%
Walnut Creek, CA $2,527.0 -0.28% $3,243.0 4.92%
San Ramon, CA $2,328.0 2.47% $2,763.0 0.07%
Hayward, CA $2,057.0 1.18% $2,429.0 -0.21%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.