Menlo Park, CA Rental Market Trends
The average rent for an apartment in Menlo Park is $4,120, a 2% decrease compared to the previous year, when the average rent was $4,225.
Average Rent in Menlo Park, CA
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$4,120||-2%||972 sq. ft.|
The average size for a Menlo Park, CA apartment is 972 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Menlo Park, CA Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
3,941 or 33% of the households in Menlo Park, CA are renter-occupied while 7,995 or 66% are owner-occupied.
Menlo Park, CA Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Jun / 2020|
How Menlo Park Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Menlo Park rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!