Apartments in Northwest Berkeley

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Northwest Berkeley

A Berkeley Neighborhood

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$1,970
Studio
$2,668
1 Bedroom
$3,506
2 Bedrooms
$4,113
3 Bedrooms
$5,107
4 Bedrooms
$7,339
5+ Bedrooms
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Berkeley:
May Rent Report

Welcome to the May 2020 Berkeley Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the May 2020 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 rent prices in the chart below.

Monthly Rent Report

Berkeley Rent Prices Decrease From April to May

Berkeley rent prices decreased over the last month. From April to May, the city experienced a -2.08% decrease for the price of a one-bedroom apartment. The rent price for a Berkeley one-bedroom apartments currently stands at $2,590.0.

When we take a look at the two-bedroom comparison from April to May, Berkeley experienced a 3.23% increase for the price of a two-bedroom apartment. The rent price for a Berkeley two-bedroom apartments currently stands at $3,487.0.

May Prices: Berkeley vs. Surrounding Areas

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 3 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, Oakland, CA, Walnut Creek, CA .

  • Rent decreased in San Mateo, CA, San Leandro, CA, South San Francisco, CA.

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

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

May 2020 Pricing Trends: Berkeley vs. National Comparisons

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 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.

You can view the full rundown of ABODO's May 2020 National Apartment Report and data set here.

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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
San Francisco, CA $3,802.0 0.21% $5,233.0 -0.13%
Oakland, CA $2,925.0 1.21% $3,821.0 3.08%
Berkeley, CA $2,645.0 -1.60% $3,378.0 2.12%
San Mateo, CA $3,230.0 -1.10% $4,025.0 -0.12%
Walnut Creek, CA $2,509.0 2.20% $2,823.0 1.26%
San Leandro, CA $1,936.0 -1.73% $2,268.0 -0.40%
South San Francisco, CA $3,563.0 -0.36% $4,331.0 0.86%

Methodology

Each month, using over 1 million ABODO 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.