20 Apartments under 2000 for rent in Palo Alto, CA

Last updated March 18 at 4:48pm UTC
Results within 5 miles of Palo Alto, CA
Results within 10 miles of Palo Alto, CA
741 Newport Cir
Redwood Shores
Redwood City, CA
Updated March 16 at 2:04am UTC
2 Bedrooms
33736 14th Street
Union City
Union City, CA
Updated March 15 at 5:49pm UTC
2 Bedrooms
4950 Bridgepointe Place
Union City
Union City, CA
Updated March 15 at 10:54am UTC
1 Bedroom
33 Camborne ave
San Carlos
San Carlos, CA
Updated March 15 at 10:53am UTC
1 Bedroom
1235 Holly St
San Carlos, CA
Updated March 15 at 10:09am UTC
1 Bedroom
Thornton Ave
Fremont, CA
Updated March 15 at 7:34am UTC
1 Bedroom
Donoso Plaza
Union City
Union City, CA
Updated March 3 at 8:31am UTC
2 Bedrooms
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March 2018 Palo Alto Rent Report

Welcome to the March 2018 Palo Alto Rent Report. Palo Alto rents increased 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.

View full Palo Alto Rent Report
Rent Report
Palo Alto

March 2018 Palo Alto Rent Report

Welcome to the March 2018 Palo Alto Rent Report. Palo Alto rents increased 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 increase sharply over the past month

Palo Alto rents have increased 0.9% over the past month, and have increased significantly by 4.2% in comparison to the same time last year. Currently, median rents in Palo Alto stand at $2,500 for a one-bedroom apartment and $3,130 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in December of last year. Palo Alto's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 2.3%.

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 3.6% 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 $3,040; of the 10 largest California cities that we have data for, all have seen rents rise year-over-year, with Sacramento experiencing the fastest growth (+8.6%).
  • Anaheim, Oakland, and Fresno have all experienced year-over-year growth above the state average (6.4%, 5.8%, and 5.7%, respectively).

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

As rents have increased significantly 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 $3,130 is above the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 4.2% increase in Palo Alto.
  • While Palo Alto's rents rose significantly over the past year, some cities nationwide saw decreases, including Portland (-0.6%) and DC (-0.1%).
  • Renters will generally find more expensive prices in Palo Alto than most large cities. For example, Dallas has a median 2BR rent of $1,100, 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 $2,030 $2,550 0.9% 3.1%
Sunnyvale $2,230 $2,800 0.9% 4.1%
Santa Clara $2,120 $2,660 1.4% 4.2%
Mountain View $2,040 $2,550 1.3% 4.3%
Milpitas $2,290 $2,880 0.5% 2.2%
Palo Alto $2,500 $3,130 0.9% 4.2%
Cupertino $4,030 $5,050 2.9% 4.2%
Campbell $1,900 $2,380 0.4% 0.1%
Los Gatos $2,330 $2,930 -0.7% 0.5%

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.


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.