MOVE IN SPECIAL!*: $250 - $600 off monthly rent. (Special reflected in listing price. Must qualify on full rent) The Lake Merritt is an intimate, yet grand, iconic and historic Oakland landmark building that is located on the edge of beautiful and popular Lake Merritt. It's a MUST SEE apartment! Schedule a tour today! Benefits of living here: - Located directly across the street from Oakland's urban pride and joy, Lake Merritt (a 140-acre park) - Biking and walking paths out your front door! - Close to public transportation, including BART and AC transit - Close to shopping, restaurants, cafes, business and cultural attractions - Views of Lake Merritt and/or the city from your apartment windows - Utilities paid by owner - Trash valet - 24/7 remote doorman + controlled access building Considered by many as the "Jewel on the Lake," this Mediterranean Art Deco building was designed by award-winning architect, William Weeks. It has been lovingly cared for over the years by the owners, who have put an emphasis on restoring and maintaining the property's original allure, making this one of Oakland's most desirable buildings. Come for a tour and see for yourself! (*Reflected in the listed price & subject to change)
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Lake Merritt by bedroom type below.
1 Bedroom
Suggested income:
$95,800
per year
Rent report
The Lake Merritt Rent vs. Oakland Average
The Lake Merritt
Oakland Average
1BR
$2,662
$2,239
$0
$900
$1,800
$2,700
$3,600
The Lake Merritt is asking 19%
more than the average 1 bedroom apartment in
Oakland.
If you upsized to an average priced Oakland 2 bedroom apartment, you would pay
26% more per month.
If you downsized to an average priced Oakland studio apartment,
you would pay 26% less per month.
The Lake Merritt provides 3%
less square footage than the average
Oakland 1 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
The Lake Merritt
1BR
$2,662
$4.00
$7,985
Oakland Average
Studio
$1,777
$4.00
$5,330
1BR
$2,239
$3.30
$6,718
2BR
$3,012
$3.00
$9,037
3BR
$3,520
$2.70
$10,560
4BR
$4,665
$2.40
$13,995
Availability in Oakland
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 587 1BR
units on the market in Oakland. If you're looking to negotiate, this may be your best option.