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
What is the average rent in Menlo Park?
The average rent for an apartment in Menlo Park is $3,627, a 12% decrease compared to the previous year, when the average rent was $4,120.
Average Rent in Menlo Park, CA
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $3,627 | -12% | 973 sq. ft. |
What is the average apartment size in Menlo Park?
The average size for a Menlo Park, CA apartment is 973 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 Apartment Rent Ranges
- $1,501-$2,0002%
- > $2,00098%
Menlo Park, CA Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
4,017 or 33% of the households in Menlo Park, CA are renter-occupied while 7,889 or 66% are owner-occupied.
Menlo Park, CA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Menlo Park, CA | $3,718 | $3,723 | $4,087 | $4,225 | $4,368 | $4,355 | $4,120 | $4,042 | $3,736 | $3,627 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Menlo Park Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,368 | -4% |
| San Francisco | $2,879 | -20% |
| East Bay | $2,273 | -4% |
| San Diego | $2,237 | 1% |
| Oakland | $2,661 | -9% |
| Palo Alto | $2,913 | -13% |
| San Jose | $2,526 | -9% |
| Sunnyvale | $2,486 | -18% |
| Mountain View | $2,719 | -17% |
| San Mateo | $2,842 | -14% |
| Menlo Park | $3,627 | -12% |
Most Popular Apartments in Menlo Park
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.