Best Berkeley Property Management Services

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Berkeley is one of California’s most iconic cities, where historic charm, academic energy, and creative culture intersect. But managing rental property here isn’t always simple. With high home values, strict regulations, and a demanding tenant pool, it’s better to go for professional Berkeley property management. 

That’s where Tenant Planet steps in. With over nine years of experience and more than 1,500 units under management, we are one of the best property management companies in Berkeley, helping property owners increase rental income, protect their investment, and minimize stress. Whether you own a single-family craftsman, a student rental near campus, or a historic multi-unit building, we’ve got you covered.

Services Overview

Services

Services for Property Management, Berkeley, CA

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  • Property Marketing 
  • Property Maintenance 
  • Property Inspections 
  • Tenant Screening 
  • Property Leasing 
  • Rent Collection
  • Eviction Management
  • Financial Reporting
  • Legal Compliance
  • Technology-Driven Management

Life in Berkeley Overview

Berkeley is a mid-sized, coastal city located on the eastern shore of the San Francisco Bay. With a 2023 population of about 120,000, a median age of 32.9, and a household income of $108,558, the city blends academic vibrance with progressive values and strong economic opportunity.

The presence of the University of California, Berkeley, creates a unique cultural and demographic dynamic. Students, professors, scientists, artists, and entrepreneurs all call Berkeley home. It’s a city that encourages thought, creativity, and action—and it shows in everything from its vibrant neighborhoods to its thriving business sectors.

Berkeley’s economy employs over 62,000 people, with top industries including professional services, education, healthcare, and tech. The city has a high rate of remote work, over 32%, with many residents in knowledge-based and creative fields. The median property value hit $1.35M in 2023, and while only 43.3% of households own their home, the rental market remains strong and competitive.

Berkeley is among the most educated cities in the country, with 75% of adults holding a bachelor's or graduate degree. It's a city of scientists, educators, and creatives. About 21% of residents were born outside the U.S., and the city is racially diverse: White (51.7%), Asian (20.6%), Black or African American (7.1%), and Hispanic or Latino (12.1%). 

English is the dominant language, but Spanish and Chinese are also widely spoken.

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Things to Do in Berkeley

Berkeley is anything but dull. It's a city full of creativity, culture, and community. It has legendary bookshops, performance halls, lush parks, and iconic eateries.

Adventure Playground

A unique, hands-on play area for kids

Habitot Children’s Discovery Museum

A local favorite for interactive learning

Downtown Arts District

Live performances, galleries, and music

Berkeley Art Museum & Pacific Film Archive

Cutting-edge exhibits and indie films

Lawrence Hall of Science

Engaging STEM learning for all ages

Tilden Regional Park

A classic Berkeley escape with hiking, botanical gardens, and a scenic carousel

Berkeley Marina

Ideal for waterfront walks, kayaking, and breathtaking Bay views

Telegraph Avenue

The soul of Berkeley, lined with bookstores, vintage shops, and eclectic restaurants

Berkeley Farmers’ Markets

Fresh, local, and beloved by residents

UC Berkeley Campus

Take a walking tour, visit secret spots, and enjoy the open, academic energy

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ZIP Codes in Berkeley

Berkeley includes a wide range of neighborhoods, each tied to its own unique character and community. The following ZIP codes serve the city:

94701: Downtown & UC Campus Area

94702: North Berkeley

94703: Elmwood District

94704: South Berkeley

94705: West Berkeley / Fourth St.

94707: Northbrae & Claremont

94708: Berkeley Hills / Kensington

94709: Poet’s Corner / Sacramento–University

94710: Downtown Extension / West Berkeley Fringe

94712: UC Berkeley Post Office

94720: Government & University Services

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Home & Rent Prices

Why Invest in Berkeley Properties?

Berkeley offers unique investment appeal because of the distinguished academic presence, cultural vibrancy, and stable rental demand. It’s home to UC Berkeley and Lawrence Berkeley Lab, attracting students, faculty, and researchers year-round, and creating a steady stream of renters seeking convenience and community. The city’s median sale price of $1.6 million and rapid turnover, as well as homes typically selling in around 15 days, highlight its competitive nature and appeal to investors. 

The city’s established, walkable neighborhoods like Elmwood, North Berkeley, Poet’s Corner, and Ocean View blend historic charm with modernization, fostering high renter interest. With consistent demand, limited inventory, and an urban-suburban mix, Berkeley stands out as a reliable long-term investment in the Bay Area.

Berkeley Home Appreciation Rates

Berkeley’s property values have historically delivered solid returns. As of May 2025, the median sale price is $1.6 million, up 17.6% year-over-year, with homes going pending in roughly 15 days. However, Zillow reports the average home value at $1.435 million, showing a slight 2.7% decline over the past year. 

Over the long term, appreciation has averaged around 5.15% annually, slightly below the national average, but individual Berkeley neighborhoods have significantly outperformed. Despite short-term fluctuations, Berkeley’s strong fundamentals, academic demand, limited land supply, and cultural amenities support continued upside for investors.

By Property Type

Property Type Average Rent Average Size (Sq Ft)
Apartment 1 BR $2,297/month 429 Sq Ft
House 2 BR $2,111/month 488 Sq Ft
Townhouse 1 BR$2,449/month530 Sq Ft
Condo$2,470/month725 Sq Ft

By Unit Size

Unit Size Average Rent Average Size (Sq Ft)
Studio $2,078/month 429 Sq Ft
1 Bedroom $2,297/month 568 Sq Ft
2 Bedrooms$3,137/month777 Sq Ft
3 Bedrooms$4,296/month871 Sq Ft

Most Affordable Neighborhoods in Berkeley

Neighborhood Average Rent Average Size (Sq Ft)
Lorin District $1,588/month 268 Sq Ft
Southside $1,638/month 416 Sq Ft
Spaulding at Berkeley$2,209/month337 Sq Ft
Daleys Scenic Park$1,817/month436 Sq Ft
Hillegass$2,498/month489 Sq Ft

Most Expensive Neighborhoods in Berkeley

Neighborhood Average Rent Average Size (Sq Ft)
Sea View Park $3,211/month 564 Sq Ft
San Pablo Park $3,197/month 787 Sq Ft
Gourmet Ghetto$3,165/month560 Sq Ft
Ocean View$3,164/month729 Sq Ft

FAQ – Property Management Berkeley CA

Is Berkeley rent expensive?

Yes. Berkeley is one of the most expensive rental markets in the U.S. Average rent and utilities for a one-bedroom apartment are around $3,010–$3,195/month, placing it in the top 1% globally in living costs.

Why is living in Berkeley so expensive?

Berkeley's high cost stems from its desirable location near San Francisco and Oakland, proximity to major universities (like UC Berkeley), strong rental demand, and limited housing supply. The overall cost of living is about 95% higher than the U.S. average.

How much does it cost to live comfortably in Berkeley?

For a comfortable single adult lifestyle, expect to spend around $3,226/month, which includes rent, utilities, food, transport, and healthcare. That number rises to $7,392/month for a family of four.

What is the richest part of Berkeley?

The wealthiest neighborhoods are located in the Berkeley Hills, especially around the Claremont Hotel and Solano Avenue corridor. There, median household incomes reach about $159,000, significantly higher than citywide levels.

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Trust Tenant Planet. One of the Best Property Management Companies, Berkeley, CA

Choose Tenant Planet for Berkeley property management. We will make sure your rental income grows while we handle the hard work. From marketing and tenant screening to repairs and financial reporting, we take care of every detail. Let’s turn your rental into a hands-off investment.
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