What's the average rent in Palo Alto, CA?

Rental Market Trends in Palo Alto, CA

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Palo Alto, CA is $4,250 per month, which is 118% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$4,250

4.6%$186 increase month-over-month

-13.3%-$650 decrease year-over-year

AVAILABLE RENTALS

184

APARTMENTS

$3,353

HOUSES

$7,800

TOWNHOUSES

$5,800

As of June 2026, apartments are the most affordable rental option in Palo Alto, CA at $3,353 per month, while houses are the most expensive at $7,800 per month. Townhomes average $5,800 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$3,200
2 Bedrooms	$5,031
3 Bedrooms	$7,100
4 Bedrooms	$8,950
All	$4,250

As of June 2026, the average rent for a 1 bedroom rental in Palo Alto, CA is $3,200 per month, followed by $5,031 for a 2 bedroom rental, $7,100 for a 3 bedroom rental, and $8,950 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$2,550
2 Bedrooms	$5,800
3 Bedrooms	$5,310
4 Bedrooms	—
All	$5,800

As of June 2026, the average rent for a 1 bedroom townhome in Palo Alto, CA is $2,550 per month, followed by $5,800 for a 2 bedroom townhome, and $5,310 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$3,567
2 Bedrooms	$5,737
3 Bedrooms	$5,994
4 Bedrooms	—
All	$3,995

As of June 2026, the average rent for a 1 bedroom apartment in Palo Alto, CA is $3,567 per month, followed by $5,737 for a 2 bedroom apartment, and $5,994 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$2,500
2 Bedrooms	$5,795
3 Bedrooms	$7,400
4 Bedrooms	$8,950
All	$7,800

As of June 2026, the average rent for a 1 bedroom house in Palo Alto, CA is $2,500 per month, followed by $5,795 for a 2 bedroom house, $7,400 for a 3 bedroom house, and $8,950 for a 4 bedroom house.