Apartments for Rent in Palo Alto, CA

Prices and availability in Palo Alto, CA were last updated on 24 Aug 2026.

The best apartments in Palo Alto, CA are: Woodland Park, The Chalet at Curtner, 696 Towle Way, 559 Matadero Avenue and 925 Waverley Street.

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

The price range for a studio apartment in Palo Alto, CA is between $1,975 and $3,995.

The price range for a 1-bedroom apartment in Palo Alto, CA is between $2,345 and $4,395.

The price range for a 2-bedroom apartment in Palo Alto, CA is between $2,345 and $6,500.

The price range for a 3-bedroom apartment in Palo Alto, CA is between $1,975 and $7,500.

In Palo Alto, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 21% of Palo Alto's rentals, 49% are small-scale complexes with under 50 units, and 30% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Palo Alto are about 48 years old, on average. Of these, 22% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 94% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.