Palo Alto, CA Rental Market Trends
What is the average rent in Palo Alto?
The average rent for an apartment in Palo Alto is $3,468. 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 |
|---|---|
| $3,468 | 881 sq. ft. |
What is the average apartment size in Palo Alto?
The average size for a Palo Alto, CA apartment is 881 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
8,663 or 33% of the households in Palo Alto, CA are renter-occupied while 17,487 or 66% are owner-occupied.
Palo Alto, CA Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Palo Alto, CA | $3,723 | $3,760 | $3,853 | $3,791 | $3,722 | $3,552 | $3,256 | $3,300 | $3,565 | $3,544 | $3,468 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Palo Alto, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Foothills Open Space Preserve | $3,714 |
| Palo Alto Hills Golf and Country Club | $3,714 |
| Community Center | $3,552 |
| Crescent Park | $3,552 |
| Downtown North Palo Alto | $3,552 |
| Old Palo Alto | $3,552 |
| Professorville | $3,552 |
| University South | $3,552 |
| Barron Park | $3,540 |
| College Terrace | $3,540 |
| Charleston Meadows | $3,207 |
| Esther Clark Park | $3,207 |
| Evergreen Park | $3,207 |
| Fairmeadow | $3,207 |
| Greater Miranda | $3,207 |
| Green Acres | $3,207 |
| Greendell | $3,207 |
| Greenmeadow | $3,207 |
| Mayfield | $3,207 |
| Monroe Park | $3,207 |
| Palo Alto Gardens | $3,207 |
| Palo Alto Orchards | $3,207 |
| San Alma | $3,207 |
| South of Midtown | $3,207 |
| Southgate | $3,207 |
| St. Claire Gardens | $3,207 |
| Ventura | $3,207 |
| Walnut Grove | $3,207 |
| Midtown Palo Alto | $2,788 |
| Adobe Meadow - Meadow Park | $2,662 |
| Charleston Gardens | $2,662 |
| Duveneck - St Francis | $2,662 |
| East Palo Alto | $2,662 |
| Embarcadero Oaks | $2,662 |
| Garland Park | $2,662 |
| Leland Manor | $2,662 |
| Palo Verde | $2,662 |
| The Greenhouse | $2,662 |
| Triple El | $2,662 |
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 $2,662/month, Charleston Gardens, where renters pay $2,662/mo on average, and Duveneck - St Francis, where the average rent goes for $2,662/mo. If you’re looking for other great deals, check out the listings from East Palo Alto ($2,662), Embarcadero Oaks ($2,662), and Garland Park ($2,662), where the asking prices are below the average Palo Alto rent of $3,468/mo.
What are the most expensive neighborhoods in Palo Alto?
The most expensive neighborhoods in Palo Alto are University South ($3,552), Foothills Open Space Preserve ($3,714) and Palo Alto Hills Golf and Country Club ($3,714).
What are the most popular neighborhoods in Palo Alto?
The most popular neighborhood in Palo Alto is University South, where there are 9 verified RentCafe listings with an average rent of $3,552. Next up is Ventura, where apartments go for $3,207/month, followed by Barron Park with $3,540 If you’re looking to rent in Palo Alto’s most popular neighborhoods, make sure to also check out Downtown North Palo Alto, where renters pay $3,552 on average, and Midtown Palo Alto, where the average monthly rent is $2,788.
Palo Alto | Rent Comparison by Neighborhood
Rent in Adobe Meadow - Meadow Park is 25% lower than in Barron Park
Adobe Meadow - Meadow Park rent is 23% lower than Palo Alto average
| Average Rent | $2,662 |
|---|
Barron Park rent is 2% higher than Palo Alto average
| Average Rent | $3,540 |
|---|
How Palo Alto 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 |
| Sacramento | $1,792 |
| San Jose | $2,754 |
| Santa Monica | $3,891 |
| Mountain View | $3,127 |
| Berkeley | $3,164 |
| Sunnyvale | $2,828 |
| Palo Alto | $3,468 |
| San Mateo | $3,218 |
| Santa Clara | $2,829 |
| Menlo Park | $3,992 |
| Fremont | $2,540 |
| Redwood City | $3,255 |
| Hayward | $2,227 |
| Walnut Creek | $2,501 |
| Campbell | $2,601 |
Most Popular Apartments in Palo Alto
Tan Plaza Apartments
580 Arastradero Road, Palo Alto, CA 94306- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $4,095
- Ask for pricing
Palo Alto Place
565 Arastradero Road, Palo Alto, CA 94306- Studio
- 1 BED
- 2+ BEDS
- Ask for pricing
- $3,850
- Ask for pricing
696 Towle Way
696 Towle Way, Palo Alto, CA 94306- Studio
- 1 BED
- 2+ BEDS
- $2,295
- Ask for pricing
- $2,995+