Apartments for Rent in Palo Alto, CA

Prices and availability in Palo Alto, CA were last updated on 3 Sep 2026.

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

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 $4,195.

The price range for a 1-bedroom apartment in Palo Alto, CA is between $2,345 and $6,591.

The price range for a 2-bedroom apartment in Palo Alto, CA is between $2,345 and $6,591.

The price range for a 3-bedroom apartment in Palo Alto, CA is between $1,975 and $8,900.

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 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.