Downtown Berkeley renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Downtown Berkeley is about $2,088 per month. This puts it in the 62nd percentile compared to the city average cost of rent, which is $2,115. Households in Downtown Berkeley have a median income of $5,141 per month so the average renter in Downtown Berkeley is spending roughly 41% of their earnings on housing.
Nationally, and in Downtown Berkeley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Berkeley is $826,564 right now, which is lower than nearby neighborhoods, meaning that rents in Downtown Berkeley also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Downtown Berkeley while lower rent rates are often available in eastern areas.
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