Palo Alto, CA Rental Market Trends
What is the average rent in Palo Alto?
The average rent for an apartment in Palo Alto is $3,410. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Palo Alto, CA
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $3,410 | 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
11,477 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 |
|---|---|
| University South | $3,557 |
| South of Midtown | $3,353 |
| Midtown Palo Alto | $2,893 |
| East Palo Alto | $2,755 |
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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 $2,755/month, Midtown Palo Alto, where renters pay $2,893/mo on average, and South of Midtown, where the average rent goes for $3,353/mo.
Palo Alto | Rent Comparison by Neighborhood
Rent in East Palo Alto is 5% lower than in Midtown Palo Alto
$2,755
East Palo Alto rent is 19% lower than Palo Alto average
Average Rent
$2,755
$2,893
Midtown Palo Alto rent is 15% lower than Palo Alto average
Average Rent
$2,893
How Palo Alto Compares to Other Cities
| State | Average Rent |
|---|---|
| Ventura | $2,784 |
| Goleta | $3,162 |
| Los Angeles | $2,719 |
| Santa Barbara | $2,842 |
| San Francisco | $3,267 |
| Oxnard | $2,627 |
| Irvine | $3,222 |
| East Bay | $2,580 |
| Sanger | $1,235 |
| San Diego | $2,997 |
| San Jose | $2,961 |
| Oakland | $2,680 |
| Pacifica | $2,800 |
| Sunnyvale | $2,990 |
| Daly City | $2,430 |
| Mountain View | $3,258 |
| Fremont | $2,730 |
| San Ramon | $2,650 |
| Union City | $2,491 |
| Palo Alto | $3,410 |
| Alameda | $2,736 |
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 $255.75. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
