Menlo Park, CA Rental Market Trends
Last updated: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Menlo Park is $4,700, a 2.69% increase compared to the previous year, when the average rent was $4,577.
Studio Apartments at $3,268 offer the most budget-friendly option with 556 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 723 square feet for $3,783, balancing privacy and affordability.
Two-bedroom units at $5,495 offer 1,084 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,402 sq ft) for $7,798, suitable for larger households.
Average rent in Menlo Park, CA
Last updated: September 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $4,700 | 899 sq. ft. |
| Studio | $3,268 | 556 sq. ft. |
| 1 Bed | $3,783 | 723 sq. ft. |
| 2 Beds | $5,495 | 1,084 sq. ft. |
| 3 Beds | $7,798 | 1,402 sq. ft. |
Menlo Park, CA rent trends
Rental prices in Menlo Park, CA have increased by 2.69% over the past year. The average rent moved from $4,577 to $4,700.
What's the typical rent budget in Menlo Park, CA?
The largest share of rentals in Menlo Park, CA (91%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Menlo Park, CA?
5,420 or 46% of the households in Menlo Park, CA are renter-occupied while 6,417 or 54% are owner-occupied.
How Menlo Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Menlo Park | $4,700 |
| Los Angeles | $2,757 |
| East Bay | $2,757 |
| San Francisco | $4,027 |
| San Diego | $3,046 |
| Sacramento | $1,906 |
| Fresno | $1,632 |
| Long Beach | $2,718 |
| San Jose | $3,315 |
| Oakland | $2,739 |
| Alameda | $3,078 |
| Palo Alto | $3,753 |
| Mountain View, CA | $4,015 |
| Sunnyvale, CA | $3,666 |
| Santa Clara, CA | $3,773 |
| Hayward, CA | $2,486 |
| San Mateo, CA | $3,927 |
| Fremont, CA | $2,957 |
| San Leandro, CA | $2,345 |
| Redwood City, CA | $3,843 |
| Campbell, CA | $3,075 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Menlo Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.