Menlo Park, CA Rental Market Trends
Highlights
The average rent for an apartment in Menlo Park is $4,087, a 17% increase compared to the previous year, when the average rent was $3,481.
Average Rent in Menlo Park, CA
Last updated Feb 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $4,087 | 17% | 965 sq. ft. |
The average size for a Menlo Park, CA apartment is 965 square feet, but this number varies greatly depending on apartment type. 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 Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Feb / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Menlo Park, CA | $3,558 | $3,635 | $3,692 | $3,688 | $3,753 | $3,481 | $3,718 | $3,723 | $4,087 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
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How Does Menlo Park Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Daly City | $2,558 | 2% |
| Redwood City | $3,336 | 7% |
| San Mateo | $3,250 | 6% |
| Burlingame | $2,957 | 7% |
| Belmont | $2,731 | n/a |
| Millbrae | $3,138 | 1% |
| Foster City | $3,304 | 6% |
| Menlo Park | $4,087 | 17% |
| Burlingame City | $2,957 | 7% |
| Millbrae City | $3,138 | 1% |
For more information about the Menlo Park rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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.