Posted Apr 10, 2015
Cheapest and Most Expensive Oakland Neighborhoods
Oakland neighborhoods have been going through an urban renaissance as of late, with many young renters heading across the bay from San Francisco due to the extravagant (and often tiny) apartments typically found there. Oakland has its fair share of luxury as well, and welcomes in renters from all walks of life, from families to hip, young singles.
However, it’s important to know what kinds of neighborhoods in Oakland are best suited for your budget, as rental prices can vary widely. Read below to find out more about the priciest areas in Oakland, as well as the most affordable neighborhoods for renters.
The Most Expensive Neighborhoods in Oakland
Situated along the Warren Freeway, Glen Highlands is an excellent locale for Bay Area commuters. There’s a distinct small-town feel here, with just under 1,300 residents, according to City-Data. Like many other neighborhoods in the Bay Area, it’s hilly here, but there is a great mix of old and new architectural styles throughout.
There are also several green spaces nearby for area residents who love the great outdoors. It will cost you to live in Glen Highlands: median rental rates hover around $4,097 per month, making it the most expensive neighborhood in Oakland.
Residents here have a high median household income, according to Area Vibes, and it’s needed, as the median rental rate per month in Upper Rockridge is around $4,000 per month.
Local BART stations and a walkable community near great shopping, restaurants and bars make this neighborhood very popular with younger renters.
As the name suggests, Forestland is located near the beautiful green spaces of the Huckleberry Botanic and Sibley Volcanic regional preserves, and also grants access to several major highways, making it excellent for commuters.
All of this beautiful natural scenery comes at a price, as the median rental rate is $3,950 per month in Forestland.
Piedmont Pines is one of the oldest neighborhoods in Oakland, and is adjacent to Joaquin Miller Park, the Chabot Space & Science Center, and the Warren Freeway– the perfect neighborhood for families. Median rental rates in Piedmont Pines are around $3,850 per month.
Tucked between the Warren Freeway and Joaquin Miller Park, Woodminster is a beautiful neighborhood with a thriving student population thanks to nearby Holy Names University. Median rental rates here run around $3,825 per month.
Cheapest Neighborhoods in Oakland
Although Oakland is technically part of the Bay Area, you can still live on a budget here. Below are some of the most affordable neighborhoods in Oakland:
The cost of living in Oak Tree is slightly less than other neighborhoods in Oakland, according to Area Vibes, making it an affordable haven in a sea of expensive Bay Area apartments. Oak Tree is also very close to the bay and Alameda Island, making it an excellent central location. Median rental rates in Oak Tree are around $1,173 per month.
Located in the heart of the East 14th Street Business District, South Stonehurst is situated between Interstates 580 and 880, making it a great spot for commuters. South Stonehurst is also set up on a convenient grid system, so if city living is your thing, South Stonehurst is an excellent fit. The median rental rate in South Stonehurst hovers around $1,150 per month.
Jefferson is located in the Fruitvale district, one of the oldest areas in the city with tons of post-World War II charm and a great school district. Although Jefferson has seen its share of struggles in the past, it has become one of the best examples of an up-and-coming neighborhood that should see a huge influx of renters in the near future. Managing your budget is also easy in Jefferson with a median rental rate of $1,025 per month.
With the median rental rate holding steady at $1,000 per month, Eastmont is clearly a great choice for Oakland residents looking to live on a budget. Eastmont is not too far from Leona Canyon Regional Open Space Reserve and the Oakland Zoo, so there is plenty to do in the neighborhood. Commuters will enjoy the easy access to Interstate 580.
Also located in the Fruitvale district, Harrington is the most affordable neighborhood in Oakland to call home with a median rental rte of $946 per month. If you’ve ever been to the Bay Area before, you know that having rent under 1K is kind of a big deal. Harrington is also great for families, with several local parks and schools nearby.
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Methodology: Trends represented in the Lovely Rental Market report reflect Q4 2014 rental market data based on the comprehensive set of aggregated rental inventory posted on Lovely between January 2012 and December 2014, and is no longer active.
Prices reported are as indicated upon posting and do not capture the final pricing terms on closed lease agreements. In addition to Lovely’s posting platform, Lovely Pro, Lovely obtains listings by partnering with over 70 external providers to populate its marketplace with rental listings.