luxury apartments
Last updated October 23 2019 at 2:48 PM

9 Luxury Apartments for rent in Palo Alto, CA

Last updated October 23 at 10:02am
Old Palo Alto
1 Unit Available
265 Tennyson Avenue
265 Tennyson Avenue, Palo Alto, CA
3 Bedrooms
2330 sqft
265 Tennyson Avenue Available 11/18/19 Executive Home in Old Palo Alto - This charming two story home is located on a peaceful street in Old Palo Alto. Flagstone patios and tranquil landscaping provide a wonderful backyard retreat.
Last updated October 23 at 02:33pm
University South
1 Unit Available
515 Webster ST
515 Webster Street, Palo Alto, CA
3 Bedrooms
2501 sqft
High end, new construction in prime downtown palo alto. One level, flat with 10' ceilings. Access your foyer and take the elevator directly into your unit with private keep fob system.
Results within 1 mile of Palo Alto
Last updated October 23 at 02:33pm
Central Portola Valley
1 Unit Available
80 Golden Oak DR
80 Golden Oak Drive, Portola Valley, CA
5 Bedrooms
4368 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 80 Golden Oak DR in Portola Valley. View photos, descriptions and more!
Results within 5 miles of Palo Alto
Last updated October 23 at 10:02am
1 Unit Available
46 Marianna Ln
46 Marianna Lane, Atherton, CA
5 Bedrooms
Beautiful 5 Bed 4 Bath Atherton Home, on Large Lot - 46 Marianna Ln Atherton, CA 94027 AVAILABLE: Immediately FEATURES: -Spacious Layout -5Bedroom -4 Full Bathrooms -Hardwood floors -Large private backyard -Attached 2 Car Garage -Pool -Hot
Last updated October 23 at 10:02am
Redwood Oaks
1 Unit Available
348 West Oakwood Blvd.
348 West Oakwood Boulevard, Redwood City, CA
4 Bedrooms
4110 sqft
Hidden Gem in the Heart of Silicon Valley... Private & Lush, located on the Atherton Border. - Contact Avia Properties: dino@aviaproperties.com for additional information and for viewing.
Last updated October 23 at 02:33pm
North Los Altos
1 Unit Available
658 Spargur DR
658 Spargur Drive, Los Altos, CA
4 Bedrooms
3141 sqft
Also available for sale! This stunning single-story home is located in the highly-coveted North Los Altos neighborhood within walking distance to Almond Elementary and Los Altos High School.
Last updated October 18 at 08:35am
Country Club
1 Unit Available
901 Loyola Dr
901 Loyola Drive, Loyola, CA
5 Bedrooms
4565 sqft
This newly constructed home is perfect for your Executive Housing needs. 5 Bedroom, 5 Bath home sitting on 4,565 sf. This beautifully constructed home comes fully equipped with an open kitchen concept for all your hosting needs.
Results within 10 miles of Palo Alto
Last updated October 23 at 07:35am
1 Unit Available
19450 Redberry Dr
19450 Redberry Drive, Santa Clara County, CA
4 Bedrooms
4200 sqft
Beautiful gated new custom built home in Los Gatos on 1 1/2 acres. Three bedrooms, four and one-half baths plus a separate guest room with private bath (total 4 bed/5.5 baths).

October 2019 Palo Alto Rent Report

Welcome to the October 2019 Palo Alto Rent Report. Palo Alto rents declined over the past month. In this report, we'll evaluate trends in the Palo Alto rental market, including comparisons to cities throughout the metro, state, and nation.

View full Rent Report

October 2019 Palo Alto Rent Report

Welcome to the October 2019 Palo Alto Rent Report. Palo Alto rents declined over the past month. In this report, we'll evaluate trends in the Palo Alto rental market, including comparisons to cities throughout the metro, state, and nation.

Palo Alto rents declined over the past month

Palo Alto rents have declined 0.1% over the past month, but are up slightly by 1.8% in comparison to the same time last year. Currently, median rents in Palo Alto stand at $2,532 for a one-bedroom apartment and $3,175 for a two-bedroom. Palo Alto's year-over-year rent growth leads the state average of 0.9%, as well as the national average of 1.4%.

    Rents rising across the San Jose Metro

    Throughout the past year, rent increases have been occurring not just in the city of Palo Alto, but across the entire metro. Of the largest 10 cities that we have data for in the San Jose metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Cupertino has the most expensive rents in the San Jose metro, with a two-bedroom median of $5,369; the city has also seen rent growth of 2.4% over the past year, the fastest in the metro.
    • Over the past month, Mountain View has seen the biggest rent drop in the metro, with a decline of 1.4%. Median two-bedrooms there cost $2,707, while one-bedrooms go for $2,160.
    • Gilroy has the least expensive rents in the San Jose metro, with a two-bedroom median of $2,372; rents increased 0.6% over the past month but remained flat year-over-year.

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

    As rents have increased slightly in Palo Alto, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Palo Alto is less affordable for renters.

    • Rents increased marginally in other cities across the state, with California as a whole logging rent growth of 0.9% over the past year. For example, rents have grown by 0.6% in San Francisco, 0.5% in Los Angeles, and 0.3% in San Diego.
    • Palo Alto's median two-bedroom rent of $3,175 is above the national average of $1,189. Nationwide, rents have grown by 1.4% over the past year compared to the 1.8% rise in Palo Alto.
    • While Palo Alto's rents rose slightly over the past year, many cities nationwide also saw increases, including Austin (+3.1%), Dallas (+1.8%), and Boston (+1.8%).
    • Renters will generally find more expensive prices in Palo Alto than most large cities. For example, Dallas has a median 2BR rent of $1,130, 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.

    Median 1BR price
    Median 2BR price
    M/M price change
    Y/Y price change
    San Jose
    Santa Clara
    Mountain View
    Palo Alto
    Los Gatos
    See More

    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.

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