Apartments for Rent in Palo Alto, CA

Prices and availability in Palo Alto, CA were last updated on 12 Sep 2026.

The best apartments in Palo Alto, CA are: Woodland Park, The Marc, 696 Towle Way, 559 Matadero Avenue and Woodland Arms Apartments.

The average rent in Palo Alto, CA is $3,604.

The price range for a studio apartment in Palo Alto, CA is between $1,053 and $4,195.

The price range for a 1-bedroom apartment in Palo Alto, CA is between $2,345 and $6,666.

The price range for a 2-bedroom apartment in Palo Alto, CA is between $2,345 and $6,666.

The price range for a 3-bedroom apartment in Palo Alto, CA is between $1,985 and $7,500.

In Palo Alto 45% of the housing is rented out compared to 55% of homes are owned, according to the most recent Census Bureau estimates. 21% of Palo Alto's apartments are found in large buildings of 50 units or more, 49% are located in smaller apartment complexes with less than 50 units, and 30% are single-family rentals.

The average age of rental buildings in Palo Alto is 48 years old, with 22% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 94% are garden-style apartment communities, 7% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Palo Alto come in a range of sizes and floorplans. Studio apartments represent 17% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 35% of all rentals in Palo Alto. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.