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159 Apartments for rent in Palo Alto, CA

Read Guide >
Last updated December 16 at 7:55pm UTC
The Marc Palo Alto
501 Forest Ave
Palo Alto, CA
Updated December 16 at 6:11pm UTC
1 Bedroom
$4,326
2 Bedrooms
$5,456
3 Bedrooms
Ask
Mia
535 Everett Ave
Palo Alto, CA
Updated December 16 at 6:11pm UTC
Studio
$3,139
015 High School Way
Downtown North
Palo Alto, CA
Updated December 16 at 9:44am UTC
2 Bedrooms
$9,480
2409 Park Blvd Unit C202
Evergreen Park
Palo Alto, CA
Updated December 16 at 8:25am UTC
2 Bedrooms
$3,595
4246 Pomona Ave
Green Acres
Palo Alto, CA
Updated December 16 at 7:49pm UTC
3 Bedrooms
$9,500
475 El Capitan PL
Greenmeadow
Palo Alto, CA
Updated December 16 at 5:42pm UTC
4 Bedrooms
$9,500
1511 Hamilton AVE
Duveneck - St. Francis
Palo Alto, CA
Updated December 16 at 5:42pm UTC
4 Bedrooms
$6,995
2086 Channing AVE
Duveneck - St. Francis
Palo Alto, CA
Updated December 16 at 5:42pm UTC
4 Bedrooms
$10,800
4284 Los Palos CIR
Green Acres
Palo Alto, CA
Updated December 16 at 5:42pm UTC
4 Bedrooms
$4,900
768 Bryant ST
University South
Palo Alto, CA
Updated December 16 at 5:42pm UTC
2 Bedrooms
$5,900
1930 Edgewood Drive
Duveneck - St. Francis
Palo Alto, CA
Updated December 16 at 7:55pm UTC
4 Bedrooms
$9,995
4271 Ponce Drive
Greenmeadow
Palo Alto, CA
Updated December 16 at 7:55pm UTC
3 Bedrooms
$6,300
220 Iris Way
Duveneck - St. Francis
Palo Alto, CA
Updated December 16 at 7:55pm UTC
3 Bedrooms
$6,000
390 El Dorado Avenue
Midtown Palo Alto
Palo Alto, CA
Updated December 16 at 7:55pm UTC
4 Bedrooms
$9,400
4119 Wilkie Ct
Charleston Meadow
Palo Alto, CA
Updated December 15 at 10:30am UTC
6 Bedrooms
$10,800
410 Sheridan Ave #108
Evergreen Park
Palo Alto, CA
Updated December 15 at 10:24am UTC
1 Bedroom
$3,200
1203 El Camino Real
Stanford University
Palo Alto, CA
Updated December 16 at 9:44am UTC
1 Bedroom
$7,380
City Guide
Palo Alto
Finding Housing in the Heart of Silicon Valley

Each workday, the population of Palo Alto doubles as commuters come to the city to work. It's not because people in California love to drive; Palo Alto is one of the most expensive cities in the United States.

What it will cost you The average median rental price is approximately - well, HIGH - per month and competition for any apartment rental is high. Even if you're prepared to squeeze into a studio at an apartment complex, you should be prepared to fork out around well over $,1000 for the privilege.

What you'll need Be ready to plunk down a deposit once you've found an apartment for rent that you can afford. Landlords will expect that your annual salary is at least three times the amount of your yearly rent, so be ready with proof of income. For a successful apartment search, you'll also need rental references and good credit.

When to start looking Once you have a job offer or acceptance letter, start your apartment search. Everyone's looking for a deal on an apartment for rent in Palo Alto, including those commuters itching to move into the city limits. If you have limited time to do an apartment search, try an apartment complex for hassle-free rentals. Most complexes welcome residents who are new to the city.

Neighborhoods in Palo Alto

There's no shortage of small, family-friendly neighborhoods in Palo Alto. Most community members prize their ability to walk their kids to school and bike to work. Just like a small town, you'll also be expected to know your neighbors, so choose your community wisely. If you're single, you may want to consider renting a house with roommates instead of looking for an apartment for rent. Being flexible during your apartment search is essential when moving to Palo Alto.

Adobe Meadow/Meadow Park: If you're looking for the reincarnation of Mayberry, consider an apartment rental in the Adobe Meadow and Meadow Park area. You can send your little nippers to school riding their bicycles, but you better brush up on your baking skills. Rumor has it that residents greet new neighbors with cookies, so you better be ready to return the favor once you settle in. $$$

Barron Park: Developed as a 62-lot subdivision in 1925, Barron Park has the variety of homes and architectural styles that you'll find are common in older neighborhoods. You're also close enough to Stanford or downtown to bike over. Be honest though -- you're probably considering Barron Park to be near the Bol Park donkeys. If you do decide to look for an apartment for rent in the area, it's best to make friends with Niner and Perry, who are the neighborhood's real stars.$$$$

Charleston Gardens: Wedged between the busy streets of Middlefield, East Charleston and San Antonio, Charleston Gardens is a tiny island of small town living within the bustling city. Even if you can't tell I.M. Pei from Frank Lloyd Wright, you'll still appreciate the immaculate condition of many of these mid-century modern homes. Don't care about architecture? Charleston Gardens is also close to Highway 101, which makes travel a breeze. $$

Charleston Meadows: Have trouble meeting the neighbors? Charleston Meadows' neighborhood association hosts block parties and ice cream socials to keep its small town atmosphere. Its relatively inexpensive housing also attracts young families. $$

College Terrace: New Stanford grad students and their families often end their apartment search at the appropriately named College Terrace. However, if you're looking for a place to party, try another neighborhood. College Terrace is known for its proximity to public schools and child care, not bars and nightclubs. $$$

Community Center: Sick of trying to entertain your kids? Community Center attracts parents who love that their children can bike to community swimming pools, the library, the children's museum and Eleanor Park without adult supervision. $$$$$

Crescent Park: Stately homes and large trees are the defining characteristics of this pricey neighborhood near Eleanor Pardee Park. If you're a birdwatcher, you may also be drawn to the neighborhood and its many feathered inhabitants. $$$$$

Downtown North: Downtown North used to be the place for young professionals and students living the single lifestyle. Close to Caltrain station and the supermarket, it was perfect if you didn't want to own a car. Recently, traffic-restriction through the neighborhood has made this place a little quieter and has attracted more families. $$$$

Greenmeadow/Greendell/Walnut Grove: Ranch homes may make this neighborhood look more midwestern than Californian, but the average home price is downright reasonable for the area. $$$

Mayfield: Home to the Palo Alto Baking Company, Mayfield was once its own town. Palo Alto annexed it years ago, but Mayfield has managed to keep its mix of diverse backgrounds, income levels and ages. If you need a budget-friendly place within Palo Alto, an apartment complex may be the solution.$

Midtown: During the dot-com boom, residents struggled to keep retail spaces from being priced out of the neighborhood. Their dedication paid off, and the shopping district of this neighborhood still has plenty of places for you to buy a book or a coffee. $$$

Old Palo Alto: Residents say that Old Palo Alto is the crown jewel of the city. Encompassing historic buildings and the Gamble Garden, this neighborhood boasts significant prestige. $$$$$

Professorville: Hundred-year-old Victorians mark this area as Palo Alto's oldest residential neighborhood. It's easy to walk to downtown from Professorville, but don't park here. Due to rude commuters, city streets are often filled with cars. $$$$$

University South: Ready to stroll the eight blocks from your apartment complex to your class at Stanford? If you can afford it, you'll be in one of the most vibrant areas of the city. $$$$$

Thriving in Palo Alto

If you can get a job and an apartment rental in Palo Alto, you already have the envy of your peers. However, if you'd like to enjoy your time here, it's important to know the basics of Silicon Valley living.

Getting Around Did you get that great apartment rental near work? Great. Now all you need is a bicycle for your daily commute. Even if you have the cash to spend on a great car, you're living with a bunch of people who prize the environment. Not convinced? Just consider that Silicon Valley employers will expect you to pull some all-nighters -- so a bike ride to work may be the only exercise you'll get during the week.

Dating Around Many men have complained about the lack of single women in Palo Alto. If you're striking out in the dating department, broaden your search to the nearby city of San Francisco. Even if you're not interested in finding someone new, San Francisco has a vibrant culture that's worth exploring.

Working Life Don't assume everyone's a tech geek. Palo Alto used to be a commuter town and creative haven, and you can still find plenty of artists, writers and musicians who are drawn to the city's progressive values.

If you want to live near some of the richest and smartest people in the country, it's time to move to Palo Alto. You'll pay for the privilege of living in this tech mecca, but the energy of the city may inspire you to greatness.

Rent Report
Palo Alto

December 2018 Palo Alto Rent Report

Welcome to the December 2018 Palo Alto Rent Report. Palo Alto rents remained steady over the past month. In this report, we'll evaluate trends in the Palo Alto rental market, including comparisons to cities throughout the state and nation.

Palo Alto rents held steady over the past month

Palo Alto rents have remained flat over the past month, however, they are up moderately by 3.1% year-over-year. Currently, median rents in Palo Alto stand at $2,550 for a one-bedroom apartment and $3,200 for a two-bedroom. Palo Alto's year-over-year rent growth leads the state average of 1.4%, as well as the national average of 1.3%.

Rents rising across cities in California

Throughout the past year, rent increases have been occurring not just in the city of Palo Alto, but across the entire state. Of the largest 10 cities that we have data for in California, all of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, San Francisco is the most expensive of all California's major cities, with a median two-bedroom rent of $3,100; of the 10 largest California cities that we have data for, all have seen rents rise year-over-year, with San Jose experiencing the fastest growth (+3.2%).
  • Oakland, Sacramento, and San Francisco have all experienced year-over-year growth above the state average (2.8%, 1.9%, and 1.8%, respectively).

Many large cities nationwide show more affordable rents compared to Palo Alto

As rents have increased moderately in Palo Alto, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Palo Alto is less affordable for renters.

  • Palo Alto's median two-bedroom rent of $3,200 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 3.1% rise in Palo Alto.
  • While Palo Alto's rents rose moderately over the past year, some cities nationwide saw decreases, including Portland (-0.6%) and Seattle (-0.4%).
  • Renters will generally find more expensive prices in Palo Alto than most large cities. For example, Dallas has a median 2BR rent of $1,110, where Palo Alto is more than two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
San Jose $2,090 $2,630 -0.3% 3.2%
Sunnyvale $2,320 $2,910 -0.0% 5.0%
Santa Clara $2,220 $2,780 -0.2% 5.3%
Mountain View $2,150 $2,700 0.4% 6.4%
Milpitas $2,380 $2,980 0.1% 4.9%
Palo Alto $2,550 $3,200 0.0% 3.1%
Cupertino $4,140 $5,190 -0.5% 4.8%
Campbell $1,920 $2,410 -0.0% 2.2%
Los Gatos $2,400 $3,020 1.1% 2.3%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.