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5 Apartments under 1500 for rent in Berkeley, CA

Last updated September 18 at 6:37pm UTC
Results within 5 miles of Berkeley, CA
851 California Street
Nob Hill
San Francisco, CA
Updated August 20 at 11:02am UTC
8 Bedrooms
$1,200
4500 Mission Street, Suite 3, Room H
Mission Terrace
San Francisco, CA
Updated September 18 at 1:10pm UTC
1 Bedroom
$1,250
Results within 10 miles of Berkeley, CA
2451 Seminary Ave
Havenscourt
Oakland, CA
Updated September 16 at 1:50am UTC
1 Bedroom
$1,395
408A Bissell Ave
Iron Triangle
Richmond, CA
Updated September 16 at 1:08pm UTC
2 Bedrooms
$1,200
3746 Mt Diablo Blvd
Lafayette
Lafayette, CA
Updated September 18 at 6:37pm UTC
Studio
$1,475

September 2018 Berkeley Rent Report

Welcome to the September 2018 Berkeley Rent Report. Berkeley rents declined over the past month. In this report, we'll evaluate trends in the Berkeley rental market, including comparisons to cities throughout the metro, state, and nation.

View full Berkeley Rent Report
Rent Report
Berkeley

September 2018 Berkeley Rent Report

Welcome to the September 2018 Berkeley Rent Report. Berkeley rents declined over the past month. In this report, we'll evaluate trends in the Berkeley rental market, including comparisons to cities throughout the metro, state, and nation.

Berkeley rents decline sharply over the past month

Berkeley rents have declined 1.3% over the past month, and have decreased significantly by 3.6% in comparison to the same time last year. Currently, median rents in Berkeley stand at $2,060 for a one-bedroom apartment and $2,590 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Berkeley's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 1.0%.

Rents rising across the San Francisco Metro

While rent prices have decreased in Berkeley over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in the San Francisco metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Berkeley has seen rents fall by 3.6% over the past year, the biggest drop in the metro. It also has the least expensive rents in the San Francisco metro, with a two-bedroom median of $2,590.
  • Concord has seen the fastest rent growth in the metro, with a year-over-year increase of 5.5%. The median two-bedroom there costs $3,110, while one-bedrooms go for $2,480.
  • San Mateo has the most expensive rents of the largest cities in the San Francisco metro, with a two-bedroom median of $4,450; rents grew 0.1% over the past month and 2.2% over the past year.

Many large cities nationwide show more affordable rents compared to Berkeley

As rents have fallen significantly in Berkeley, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Berkeley is less affordable for renters.

  • Other cities across the state have seen rents moderately increase, with California as a whole logging rent growth of 1.4% over the past year. For example, rents have grown by 2.4% in San Jose, 1.1% in Los Angeles, and 0.7% in San Diego.
  • Berkeley's median two-bedroom rent of $2,590 is above the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 3.6% decline in Berkeley.
  • While rents in Berkeley fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+2.5%), Austin (+0.8%), and New York (+0.6%).
  • Renters will generally find more expensive prices in Berkeley than most large cities. For example, Phoenix has a median 2BR rent of $1,050, where Berkeley is nearly two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
San Francisco $2,470 $3,100 0.5% 1.1%
Fremont $2,960 $3,720 -0.4% 2.6%
Hayward $2,290 $2,870 -0.1% 3.1%
Concord $2,480 $3,110 1.7% 5.5%
Berkeley $2,060 $2,590 -1.3% -3.6%
Richmond $2,140 $2,690 0.1% 4.8%
Antioch $2,880 $3,620 0.3% 0.9%
Daly City $2,470 $3,110 0.3% 3.7%
San Mateo $3,540 $4,450 0.1% 2.2%
San Leandro $2,180 $2,740 -0.1% 1.5%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.