Palo Alto, CA Rental Market Trends
What is the average rent in Palo Alto?
The average rent for an apartment in Palo Alto is $3,138. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Palo Alto, CA
Last updated May 2025
| Average Rent | Average Apartment Size |
|---|---|
| $3,138 | 783 sq. ft. |
What is the average apartment size in Palo Alto?
The average size for a Palo Alto, CA apartment is 783 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
11,939 or 46% of the households in Palo Alto, CA are renter-occupied while 14,115 or 54% are owner-occupied.
Palo Alto, CA rent trends
Average Rent in Palo Alto, CA By Neighborhood
| City | Average Rent |
|---|---|
| Barron Park | $3,906 |
| Mayfield | $3,670 |
| Midtown Palo Alto | $3,650 |
| Ventura | $3,512 |
| Downtown North Palo Alto | $3,460 |
| East Palo Alto | $2,792 |
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What are the most affordable neighborhoods in Palo Alto?
The most affordable neighborhoods in Palo Alto are East Palo Alto, where the average rent goes for $2,792/month, Downtown North Palo Alto, where renters pay $3,460/mo on average, and Ventura, where the average rent goes for $3,512/mo.
What are the most expensive neighborhoods in Palo Alto?
The most expensive neighborhoods in Palo Alto are Midtown Palo Alto ($3,650), Mayfield ($3,670) and Barron Park ($3,906).
What are the most popular neighborhoods in Palo Alto?
The most popular neighborhood in Palo Alto is Midtown Palo Alto, where there are 7 listings with an average rent of $3,650. Next up is Ventura, where apartments go for $3,512/month, followed by Barron Park with $3,906 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 $3,460 on average, and East Palo Alto, where the average monthly rent is $2,792.
Palo Alto | Rent Comparison by Neighborhood
Rent in Barron Park is 13% higher than in Downtown North Palo Alto
$3,906
Barron Park rent is 24% higher than Palo Alto average
Average Rent
$3,906
$3,460
Downtown North Palo Alto rent is 10% higher than Palo Alto average
Average Rent
$3,460
How Palo Alto Compares to Other Cities
| State | Average Rent |
|---|---|
| Palo Alto | $3,138 |
| Los Angeles | $2,779 |
| East Bay | $2,653 |
| San Francisco | $3,494 |
| San Diego | $2,981 |
| Sacramento | $1,891 |
| Long Beach | $2,618 |
| Oakland | $2,558 |
| San Jose | $3,107 |
| Tulare | $1,708 |
| Fresno | $1,584 |
| Sunnyvale | $3,360 |
| Mountain View | $3,605 |
| San Mateo, CA | $3,554 |
| Fremont, CA | $2,747 |
| Santa Clara, CA | $3,450 |
| Menlo Park, CA | $4,336 |
| Hayward, CA | $2,418 |
| Redwood City, CA | $3,524 |
| San Leandro, CA | $2,279 |
| Alameda, CA | $2,907 |
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 $290.33. 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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469 Grant Avenue
469 Grant Avenue, Palo Alto, CA 94306| STUDIO | N/A |
| 1 BED | $2,295 |
| 2 BEDS | N/A |
Arastradero West Apartments
724 Arastradero Road, Palo Alto, CA 94306| 1 BED | N/A |
| 2 BEDS | $3,995 |
| 3 BEDS | N/A |
Woodland Park
45 Newell Road, East Palo Alto, CA 94303| STUDIO | $1,650+ |
| 1 BED | $2,010+ |
| 2 BEDS | $1,925+ |
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488 James Road
488 James Road, Palo Alto, CA 94306| STUDIO | $2,095 |