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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

Last updated July 2023
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

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Palo Alto, CA By Neighborhood

Community Center
$3,939
Crescent Park
$3,939
Downtown North Palo Alto
$3,939
Old Palo Alto
$3,939
Professorville
$3,939
University South
$3,939
Foothills Open Space Preserve
$3,363
Palo Alto Hills Golf and Country Club
$3,363
Barron Park
$3,314
College Terrace
$3,314
Charleston Meadows
$3,268
Esther Clark Park
$3,268
Evergreen Park
$3,268
Fairmeadow
$3,268
Greater Miranda
$3,268
Green Acres
$3,268
Greendell
$3,268
Greenmeadow
$3,268
Mayfield
$3,268
Monroe Park
$3,268
Palo Alto Gardens
$3,268
Palo Alto Orchards
$3,268
San Alma
$3,268
South of Midtown
$3,268
Southgate
$3,268
St. Claire Gardens
$3,268
Ventura
$3,268
Walnut Grove
$3,268
Midtown Palo Alto
$2,963
Adobe Meadow - Meadow Park
$2,871
Charleston Gardens
$2,871
Duveneck - St Francis
$2,871
East Palo Alto
$2,871
Embarcadero Oaks
$2,871
Garland Park
$2,871
Leland Manor
$2,871
Palo Verde
$2,871
The Greenhouse
$2,871
Triple El
$2,871
/
Neighborhood Average Rent
Community Center $3,939
Crescent Park $3,939
Downtown North Palo Alto $3,939
Old Palo Alto $3,939
Professorville $3,939
University South $3,939
Foothills Open Space Preserve $3,363
Palo Alto Hills Golf and Country Club $3,363
Barron Park $3,314
College Terrace $3,314
Charleston Meadows $3,268
Esther Clark Park $3,268
Evergreen Park $3,268
Fairmeadow $3,268
Greater Miranda $3,268
Green Acres $3,268
Greendell $3,268
Greenmeadow $3,268
Mayfield $3,268
Monroe Park $3,268
Palo Alto Gardens $3,268
Palo Alto Orchards $3,268
San Alma $3,268
South of Midtown $3,268
Southgate $3,268
St. Claire Gardens $3,268
Ventura $3,268
Walnut Grove $3,268
Midtown Palo Alto $2,963
Adobe Meadow - Meadow Park $2,871
Charleston Gardens $2,871
Duveneck - St Francis $2,871
East Palo Alto $2,871
Embarcadero Oaks $2,871
Garland Park $2,871
Leland Manor $2,871
Palo Verde $2,871
The Greenhouse $2,871
Triple El $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

Neighborhood
vs.

Rent in Adobe Meadow - Meadow Park is 13% lower than in Barron Park

$2,871

Adobe Meadow - Meadow Park rent is 16% lower than Palo Alto average

Average Rent $2,871
$3,314

Barron Park rent is 3% lower than Palo Alto average

Average Rent $3,314

How Palo Alto Compares to Other Cities

City Average Rent
Los Angeles $2,742
San Francisco $3,336
East Bay $2,570
San Diego $3,016
Long Beach $2,579
Sacramento $1,856
San Jose $3,021
Oakland $2,790
Fresno $1,547
Inglewood $2,570
Sunnyvale $3,063
Mountain View $3,283
Palo Alto $3,402
San Mateo $3,447
Fremont $2,767
Menlo Park $4,231
Santa Clara $3,155
Berkeley $3,382
Hayward $2,357
Redwood City $3,447
Walnut Creek $2,575

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.

Most Popular Apartments in Palo Alto

Building exterior
Today

Tan Plaza Apartments

580 Arastradero Road, Palo Alto, CA 94306
1 BED $4,195+
2 BEDS $4,450
3 BEDS Ask for Pricing
562 Kendall Avenue Studio-2 Beds Apartment for Rent
Today

562 Kendall Avenue

562 Kendall Avenue, Palo Alto, CA 94306
Studio $1,995
1 BED $2,295
2 BEDS $2,695
Woodland Apts  1717 Woodland Avenue  East Palo Alto, CA 94303
1 day ago

Woodland Arms Apartments

1717 Woodland Avenue, East Palo Alto, CA 94303
Studio $2,100
925 Waverley Street 1-2 Beds Apartment for Rent
Today

925 Waverley Street

925 Waverley Street, Palo Alto, CA 94301
1 BED $3,095
2 BEDS $4,695
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