Dropping rents in Oakland enticing new residents to the East Bay

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Rents News

Oakland,Housing Crisis

As expensive as it can be to live and work in the Bay Area, one East Bay city is seeing a significant drop in rent prices.

India Rose Carter-Bolick just moved from San Francisco to an apartment in Oakland with her partner.'I can't afford to live in San Francisco anymore and so this kind of felt like the only option that was relatively close to home,' said Carter-Bolick. India says they toured dozens of apartments during their search and noticed the lower prices in Oakland .'We were aiming for a two bedroom with the hopes that we would have a space for an office,' said Carter-Bolick.

Now with remote work and the issues the city has seen with crime and safety, not as many people are choosing to live in Oakland. That means some landlords have decreased their rents to attract new residents.But even with the decrease in prices, the cost of renting an apartment in Oakland remains high compared to other cities across the country, and still prices out many people who've lived in Oakland for years.That's something Carter-Bolick said she thinks about a lot.

Oakland Housing Crisis

 

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