The average monthly rent of apartments in Palo Alto, CA is $3,704.
The average monthly rent of apartments in Palo Alto, CA is $3,704.
Compared to the national average rent of $1,706, the average rent in Palo Alto, CA is $3,704.
Prices and availability in Palo Alto, CA were last updated on 5 Dec 2022.
The average rent in Palo Alto, CA is $3,704. Start your search for apartments in Palo Alto, CA now.
The price range for a studio apartment in Palo Alto, CA is between $1,435 and $7,259. View all studio apartments in Palo Alto, CA.
The price range for a 1-bedroom apartment in Palo Alto, CA is between $1,535 and $7,259. Browse all available 1-bedroom apartments in Palo Alto, CA now.
The price range for a 2-bedroom apartment in Palo Alto, CA is between $1,864 and $6,915. Browse and find a 2-bedroom apartment in Palo Alto, CA.
The price range for a 3-bedroom apartment in Palo Alto, CA is between $2,995 and $5,125. Browse all available 3-bedroom apartments in Palo Alto, CA.
In Palo Alto, 44% of the residents are renting compared to 56% 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, 54% are small-scale complexes with under 50 units, and 25% are single-family rentals.
The average age of rental buildings in Palo Alto is 47 years old, with 21% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 91% are garden-style apartment communities, 5% are mid-sized buildings, and none 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 13% 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 40% 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.
Palo Alto is a vibrant town located in northern California’s Silicon Valley region. It is home to Stanford University, which is one of the most renowned universities in the world, and also has an excellent public school system. In fact, Palo Alto renters are some of the most highly educated in the U.S. On top of that, Palo Alto is home to many successful technology companies and startups, which attracts a mix of students, young professionals and families. Palo Alto is one of the biggest cultural centers in the Silicon Valley, and there are many museums, galleries and gardens in the area. The weather here is warm and mild throughout the year, making it a perfect renting spot for nature lovers. There are hiking trails along the bayfront as well as in the mountains, and there are also several golf courses in Stanford.
When it comes to finding a place for rent in Palo Alto, renters have many different options ranging from walkable urban neighborhoods to quieter residential areas. The Downtown North, University South and Professorville neighborhoods are great options for renters who want to live in a walkable area. These neighborhoods are very close to Stanford University and are also within walking distance from the cafes and restaurants on University Avenue. There are also several Palo Alto neighborhoods that offer a quieter, more residential feel. These include Crescent Park and Old Palo Alto. Tech professionals looking for a short commute enjoy living in Barron Park or Evergreen Park, which are very close to the HP, Tesla and VMware campuses. If you plan to rent an apartment Palo Alto, it’s important to know that rents here are significantly higher than the national average. Most landlords in Palo Alto will require a security deposit equal to at least one month’s rent.
Palo Alto, CA has a population of 67,973 according to the most recent data from the U.S. Census Bureau. 34,954 of Palo Alto’s residents are women and 33,019 are men. The median age of those who live in Palo Alto, CA is 42.6.
Palo Alto renters have many options when it comes to shopping. The biggest mall in the area is the Stanford Shopping Center, an open-air luxury mall that contains a mix of department stores, designer boutiques and specialty shops. There are also plenty of smaller shopping centers in the area, including the Town & Country Village and Midtown Shopping Center. Additionally, there are many local shops along University Avenue and California Avenue. Some of the most popular grocery stores in Palo Alto include Whole Foods, Safeway, Trader Joe’s and Grocery Outlet. In addition, several small health food stores are scattered throughout Palo Alto, as well as multiple weekly farmer’s markets.
According to U.S. Census data, there are 26,150 households in Palo Alto, CA. 17,487 are family households and 8,663 are non-family households. There are 8,886 households with children in Palo Alto and 17,264 households without children. On average, about 2.58 people live in a household in Palo Alto, CA.
Many Palo Alto renters opt to have a car to get around. While downtown Palo Alto is very walkable, having a car is the easiest way to get to neighboring towns and run errands. Biking can also be a good option, due to the mild weather year-round. For renters who commute to work, CalTrain has three stops in Palo Alto. This train is the quickest way to get to San Francisco or San Jose without a car. Valley Transportation Authority and SamTrans both run bus networks in Palo Alto, and Stanford University runs free shuttles in some parts of the city. Ridesharing services such as Uber and Lyft are also available for convenience. The closest airport is Norman Y. Mineta San Jose International Airport, located some 15 miles southeast of Palo Alto.
The level of education of the population of Palo Alto, CA is as follows: 1% have no high school education, 8% completed some high school, 10% partially completed college, 3% have an Associate Degree, 29% have a Bachelor Degree, and 50% have a Graduate Degree.
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