Palo Alto, CA Rental Market Trends
What is the average rent in Palo Alto?
The average rent for an apartment in Palo Alto is $3,402. 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|
|$3,402||866 sq. ft.|
What is the average apartment size in Palo Alto?
The average size for a Palo Alto, CA apartment is 866 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 apartment rent ranges
Palo Alto, CA Occupied Housing Units
11,469 or 44% of the households in Palo Alto, CA are renter-occupied while 14,538 or 56% are owner-occupied.
Palo Alto, CA rent trends
Average Rent in Palo Alto, CA By Neighborhood
|Downtown North Palo Alto||$3,939|
|Old Palo Alto||$3,939|
|Foothills Open Space Preserve||$3,363|
|Palo Alto Hills Golf and Country Club||$3,363|
|Esther Clark Park||$3,268|
|Palo Alto Gardens||$3,268|
|Palo Alto Orchards||$3,268|
|South of Midtown||$3,268|
|St. Claire Gardens||$3,268|
|Midtown Palo Alto||$2,963|
|Adobe Meadow - Meadow Park||$2,871|
|Duveneck - St Francis||$2,871|
|East Palo Alto||$2,871|
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 $2,871/month, Charleston Gardens, where renters pay $2,871/mo on average, and Duveneck - St Francis, where the average rent goes for $2,871/mo. If you’re looking for other great deals, check out the listings from East Palo Alto ($2,871), Embarcadero Oaks ($2,871), and Garland Park ($2,871), where the asking prices are below the average Palo Alto rent of $3,402/mo.
What are the most expensive neighborhoods in Palo Alto?
The most expensive neighborhoods in Palo Alto are Old Palo Alto ($3,939), Professorville ($3,939) and University South ($3,939).
What are the most popular neighborhoods in Palo Alto?
The most popular neighborhood in Palo Alto is University South, where there are 9 listings with an average rent of $3,939. Next up is Midtown Palo Alto, where apartments go for $2,963/month, followed by Barron Park with $3,314 If you’re looking to rent in Palo Alto’s most popular neighborhoods, make sure to also check out Ventura, where renters pay $3,268 on average, and Charleston Meadows, where the average monthly rent is $3,268.
Palo Alto | Rent Comparison by Neighborhood
Rent in Adobe Meadow - Meadow Park is 13% lower than in Barron Park
Adobe Meadow - Meadow Park rent is 16% lower than Palo Alto average
Barron Park rent is 3% lower than Palo Alto average
How Palo Alto Compares to Other Cities
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 $318.88. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.