How much does it cost to rent at Residences at Lake Merritt?

Rent at Residences at Lake Merritt in Oakland, CA ranges from $2,446 to $3,831 per month as of August 23, 2026.

What is the average studio rent at Residences at Lake Merritt?

The average studio apartment at Residences at Lake Merritt costs $2,476/month, starting from $2,446.

What is the average 1 bed rent at Residences at Lake Merritt?

The average 1 bed apartment at Residences at Lake Merritt costs $3,199/month, starting from $3,011.

What is the average 2 bed rent at Residences at Lake Merritt?

The average 2 bed apartment at Residences at Lake Merritt costs $3,692/month, starting from $3,574.

Is Residences at Lake Merritt a good apartment complex?

Residences at Lake Merritt has a 4.3-star rating on Google based on 87 reviews.

Updated August 23, 2026 at 11:24 p.m. PT

Residences at Lake Merritt

Name: Residences at Lake Merritt
Address: 1940 Webster St, Oakland, CA, 94612, US
Telephone: (510) 605-3560
Rating: 4.3

1940 Webster St, Oakland, CA 94612, USA

4.3 (87 reviews) Official Website (510) 605-3560

Live pricing, refreshed August 23, 2026 at 11:24 p.m. PT

Units Listed

$2,446

Starting at

$3,202

Average

$3,831

Highest

$4.00

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Downtown Oakland rent trends

Beds

Pricing by Bedroom

Studio

$2,476

from $2,446 · 2 units

~511 sqft avg

1 Bed

$3,199

from $3,011 · 5 units

~778 sqft avg

2 Bed

$3,692

from $3,574 · 3 units

~1,031 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (12)

Largest 8 movers of 12

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: modeled from how many distinct units we have observed over time
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$57K

$679K annual run rate

Modeled estimate

Est. Occupancy

69%

of about 32 units (modeled from leasing activity)

Effective Rent on New Leases

$2,571

vs $3,202 current asking ($631 negotiation gap)

Recent Lease Activity

32 units tracked; 22 assumed leased, 10 listed now

See which units leased, when they left the market, and the rent they leased at.

Unlock with Pro

Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Moderate availability

7 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Downtown Oakland

Neighborhood

Residences at Lake Merritt

$2,446

$2,602 Domain Oakland

$2,637 19th & Harrison Apartments

$2,669 1717 Webster

$2,954

Comparing 11 apartments in Downtown Oakland. Click any bar to view that building.

See Downtown Oakland rent trends on the Oakland, CA map Explore Oakland, CA on the interactive map

Available Units

Sort

10 units

Studio / 1 Bath Studio E1B

$2,446/mo

511 ft² · $4.79/ft² · #311

Down $60 since Aug 22 (was $2,506)

Studio / 1 Bath Studio E1C

$2,505/mo

511 ft² · $4.90/ft² · #207

Down $61 since Aug 22 (was $2,566)

1 Bed / 1 Bath One Bedroom A1A1

$3,011/mo

612 ft² · $4.92/ft² · #209

Down $70 since Aug 22 (was $3,081)

1 Bed / 1 Bath One Bedroom A1A1

$3,091/mo

609 ft² · $5.08/ft² · #810

Down $70 since Aug 22 (was $3,161)

1 Bed / 1 Bath One Bedroom A1D

$3,228/mo

853 ft² · $3.78/ft² · #202

Down $70 since Aug 22 (was $3,298)

1 Bed / 1 Bath One Bedroom A1AD

$3,316/mo

907 ft² · $3.66/ft² · #203

Down $70 since Aug 22 (was $3,386)

1 Bed / 1 Bath One Bedroom A1AD

$3,351/mo

907 ft² · $3.69/ft² · #303

Down $70 since Aug 22 (was $3,421)

2 Bed / 2 Bath Two Bedroom B2A

$3,574/mo

1,006 ft² · $3.55/ft² · #517

Down $42 since Aug 22 (was $3,616)

2 Bed / 2 Bath Two Bedroom B2B

$3,671/mo

1,043 ft² · $3.52/ft² · #513

Down $40 since Aug 22 (was $3,711)

2 Bed / 2 Bath Two Bedroom B2B

$3,831/mo

1,043 ft² · $3.67/ft² · #613

Up $75 since Aug 22 (was $3,756)

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
311	Studio E1B	Studio / 1ba	511	$2,446	$4.79	2026-10-02	Pro	Down $60 since Aug 22
207	Studio E1C	Studio / 1ba	511	$2,505	$4.90	2026-09-05	Pro	Down $61 since Aug 22
209	One Bedroom A1A1	1bd / 1ba	612	$3,011	$4.92	2026-11-24	Pro	Down $70 since Aug 22
810	One Bedroom A1A1	1bd / 1ba	609	$3,091	$5.08	2026-10-20	Pro	Down $70 since Aug 22
202	One Bedroom A1D	1bd / 1ba	853	$3,228	$3.78	2026-09-05	Pro	Down $70 since Aug 22
203	One Bedroom A1AD	1bd / 1ba	907	$3,316	$3.66	2026-09-10	Pro	Down $70 since Aug 22
303	One Bedroom A1AD	1bd / 1ba	907	$3,351	$3.69	2026-08-24	Pro	Down $70 since Aug 22
517	Two Bedroom B2A	2bd / 2ba	1,006	$3,574	$3.55	2026-09-12	Pro	Down $42 since Aug 22
513	Two Bedroom B2B	2bd / 2ba	1,043	$3,671	$3.52	2026-09-25	Pro	Down $40 since Aug 22
613	Two Bedroom B2B	2bd / 2ba	1,043	$3,831	$3.67	2026-11-19	Pro	Up $75 since Aug 22

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Oakland, CA notes

No resident notes for this property yet.