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 $3,992. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Menlo Park, CA
Last updated February 2022
| Average Rent | Average Apartment Size |
|---|---|
| $3,992 | 972 sq. ft. |
What is the average apartment size in Menlo Park?
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
4,010 or 32% of the households in Menlo Park, CA are renter-occupied while 8,164 or 67% are owner-occupied.
Menlo Park, CA Rent Trends
| Average Rent | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Menlo Park, CA | $4,331 | $4,261 | $4,110 | $3,943 | $3,706 | $3,624 | $3,622 | $3,794 | $3,992 |
| National | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Menlo Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Los Angeles | $2,661 |
| San Francisco | $3,230 |
| East Bay | $2,452 |
| San Diego | $2,756 |
| Long Beach | $2,530 |
| Oakland | $2,772 |
| San Jose | $2,754 |
| Sacramento | $1,792 |
| Santa Monica | $3,891 |
| Berkeley | $3,164 |
| Mountain View | $3,127 |
| Sunnyvale | $2,828 |
| Palo Alto | $3,468 |
| San Mateo | $3,218 |
| Vallejo | $2,050 |
| Fremont | $2,540 |
| Santa Clara | $2,829 |
| Menlo Park | $3,992 |
| Walnut Creek | $2,501 |
| Redwood City | $3,255 |
| Hayward | $2,227 |
Most Popular Apartments in Menlo Park
Laurel Grove Apartments
424 Oak Grove Avenue, 1235 Laurel Street, Menlo Park, CA 94025- 2 BEDS
- 3 BEDS
- $4,195
- $5,295
Sharon Green Apartments
350 Sharon Park Drive, Menlo Park, CA 94025- 1 BED
- 2 BEDS
- 3 BEDS
- $4,986+
- $5,458+
- $7,585+
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.