Palo Alto, CA Rental Market Trends
What is the average rent in Palo Alto?
The average rent for an apartment in Palo Alto is $3,616. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Palo Alto, CA
| Average Rent | Average Apartment Size |
|---|---|
| $3,616 | 839 sq. ft. |
What is the average apartment size in Palo Alto?
The average size for a Palo Alto, CA apartment is 839 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.
Palo Alto, CA Occupied Housing Units
11,477 or 44% of the households in Palo Alto, CA are renter-occupied while 14,587 or 56% are owner-occupied.
Palo Alto, CA rent trends
Average Rent in Palo Alto, CA By Neighborhood
| City | Average Rent |
|---|---|
| Community Center | $4,309 |
| Crescent Park | $4,309 |
| Downtown North Palo Alto | $4,309 |
| Old Palo Alto | $4,309 |
| Professorville | $4,309 |
| University South | $4,309 |
| Foothills Open Space Preserve | $3,446 |
| Palo Alto Hills Golf and Country Club | $3,446 |
| Barron Park | $3,401 |
| Charleston Meadows | $3,401 |
| College Terrace | $3,401 |
| Esther Clark Park | $3,401 |
| Evergreen Park | $3,401 |
| Fairmeadow | $3,401 |
| Greater Miranda | $3,401 |
| Green Acres | $3,401 |
| Greendell | $3,401 |
| Greenmeadow | $3,401 |
| Mayfield | $3,401 |
| Monroe Park | $3,401 |
| Palo Alto Gardens | $3,401 |
| Palo Alto Orchards | $3,401 |
| San Alma | $3,401 |
| South of Midtown | $3,401 |
| Southgate | $3,401 |
| St. Claire Gardens | $3,401 |
| Ventura | $3,401 |
| Walnut Grove | $3,401 |
| Midtown Palo Alto | $2,935 |
| Adobe Meadow - Meadow Park | $2,795 |
| Charleston Gardens | $2,795 |
| Duveneck - St Francis | $2,795 |
| East Palo Alto | $2,795 |
| Embarcadero Oaks | $2,795 |
| Garland Park | $2,795 |
| Leland Manor | $2,795 |
| Palo Verde | $2,795 |
| The Greenhouse | $2,795 |
| Triple El | $2,795 |
What are the most affordable neighborhoods in Palo Alto?
The most affordable neighborhoods in Palo Alto are Adobe Meadow - Meadow Park, where the average rent goes for $2,795/month, Charleston Gardens, where renters pay $2,795/mo on average, and Duveneck - St Francis, where the average rent goes for $2,795/mo. If you’re looking for other great deals, check out the listings from East Palo Alto ($2,795), Embarcadero Oaks ($2,795), and Garland Park ($2,795), where the asking prices are below the average Palo Alto rent of $3,616/mo.
What are the most expensive neighborhoods in Palo Alto?
The most expensive neighborhoods in Palo Alto are Old Palo Alto ($4,309), Professorville ($4,309) and University South ($4,309).
What are the most popular neighborhoods in Palo Alto?
The most popular neighborhood in Palo Alto is Midtown Palo Alto, where there are 6 listings with an average rent of $2,935. Next up is University South, where apartments go for $4,309/month, followed by Ventura with $3,401 If you’re looking to rent in Palo Alto’s most popular neighborhoods, make sure to also check out Barron Park, where renters pay $3,401 on average, and Downtown North Palo Alto, where the average monthly rent is $4,309.
Palo Alto | Rent Comparison by Neighborhood
Rent in Adobe Meadow - Meadow Park is 18% lower than in Barron Park
Adobe Meadow - Meadow Park rent is 23% lower than Palo Alto average
Barron Park rent is 6% lower than Palo Alto average
How Palo Alto Compares to Other Cities
| State | Average Rent |
|---|---|
| Los Angeles | $2,719 |
| San Francisco | $3,323 |
| East Bay | $2,570 |
| San Diego | $2,995 |
| Long Beach | $2,616 |
| Sacramento | $1,873 |
| San Jose | $3,022 |
| Oakland | $2,547 |
| Tulare | $1,662 |
| Fresno | $1,584 |
| Mountain View | $3,400 |
| Sunnyvale | $3,106 |
| San Mateo | $3,385 |
| Santa Clara | $3,211 |
| Palo Alto | $3,616 |
| Fremont | $2,795 |
| Menlo Park | $4,049 |
| Redwood City | $3,425 |
| Hayward | $2,415 |
| Alameda | $2,726 |
| Campbell | $2,864 |
What is the average price for a storage unit in Palo Alto?
The average rent for a non-climate-controlled 10'x10' storage unit in Palo Alto is $280.3. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Palo Alto
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The Chalet At Curtner
380 Curtner, Palo Alto, CA 94306| STUDIO | $1,995+ |
| 1 BED | N/A |
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330 - 350 Curtner Avenue
330 - 350 Curtner Avenue, Palo Alto, CA 94306| STUDIO | N/A |
| 1 BED | N/A |
| 2 BEDS | $2,795 |
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457 - 481 Forest Ave
457 Forest Ave, Palo Alto, CA 94301| STUDIO | N/A |
| 1 BED | $2,395 |
| 2 BEDS | N/A |
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469 Grant Avenue
469 Grant Avenue, Palo Alto, CA 94306| STUDIO | N/A |
| 1 BED | $2,395 |
| 2 BEDS | N/A |