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Rentals in Grand Lake, Oakland
About Renting in Grand Lake
About Oakland: Grand Lake is a neighborhood in Oakland. Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California. It is the county seat of and the most populous city in Alameda County, California, with a population of 440,646 in 2020. A major West Coast port, Oakland is the most populous city in the East Bay, the third most populous city in the Bay Area, and the eighth most populous city in California. It serves as the Bay Area's trade center: the Port of Oakland is the busiest port in Northern California, and the fifth- or sixth-busiest in the United States. A charter city, Oakland was incorporated on May 4, 1852, in the wake of the state's increasing population due to the California gold rush.
Grand Lake is a popular neighborhood in Oakland, CA for renters. Browse available rentals to find your next home in this neighborhood.
Oakland Rental Market
Oakland Rental Pulse
Topfind Market Read
The picture is mixed here. 75% of current listings are under 30 days old, yet 10.7 months of supply is more than current demand absorbs, and rents have eased 8% over the last six months and are 1% below a year ago, so neither side holds a clear advantage. Renters can take time to compare options, while well-priced units still lease at a steady clip.
Median Rent
$3,825/mo
↓ 1% over the past yearChart shows the median closed lease rate by month
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
10.7 months of supply
Ample Supply32 active rentals, plenty of options to choose from.
What this means for renters
There are more rentals available than recent leasing absorbs, so renters have plenty of options and stronger footing to negotiate rent and terms. Rentals typically lease in ~45 days.
Rental Velocity
How fast rentals are leasing
Rentals take longer to lease here than in a balanced market, so renters have more time to compare options and negotiate. The trend is moving the other way though, with leasing times down 64% over the last six months.
Rental Inventory Distribution
Most current rental listings are under 30 days old, so the mix skews toward fresh inventory.
Affordability Snapshot
Typical rent
$3,825/mo
Median rent
Affordable budget (30%)
$2,434/mo
Based on median income
Median household income
$8,114/mo
Oakland
Typical rent costs about 47% of the median household's income.
The standard recommendation is to spend ≤30% of income on rent.
Income needed to afford typical rent comfortably
$153K/year
Assumes rent ≤30% of income
Median Rent by Bedroom
Rent increases significantly with bedroom count, with larger units commanding premium prices.
Each additional bedroom adds about $2,434/mo to rent on average.
Largest increase: 4 → 5 bedrooms (+$8,733/mo)
Rent Reductions
4 listings have reduced their rent
13% of active listings
Average reduction: 14.7% (~$562/mo)
Nearby Neighborhoods
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