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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

Menlo Park, CA Rental Market Trends

Highlights

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

Last updated June 2020
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

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Jun / 2020
Menlo Park, CA $3,688 $3,753 $3,481 $3,718 $3,723 $4,087 $4,225 $4,368 $4,355 $4,120
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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How Menlo Park Compares to Other Cities

Average Rent Y-o-Y Change
Los Angeles $2,524 2%
San Francisco $3,629 n/a
East Bay $2,363 2%
San Diego $2,237 4%
Long Beach $2,106 5%
Oakland $2,930 6%
San Jose $2,790 3%
Mountain View $3,291 2%
Palo Alto $3,347 4%
Sunnyvale $3,016 4%
Menlo Park $4,120 -2%

For more information about the Menlo Park rental trends, check out our monthly rent report

Check out California Cities, California Neighborhoods and California Zip Codes for more details on verified listings, including the California Average Rent.

Curious about listings in your area? Check out our apartments near you for more details!

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Menlo Park apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.