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

Rental Market Trends in Palo Alto, CA

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Palo Alto, CA is $4,500 per month, which is 129% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$4,500

0.9%$39 increase month-over-month

2.5%$110 increase year-over-year

AVAILABLE RENTALS

196

APARTMENTS

$3,452

HOUSES

$9,278

TOWNHOUSES

$5,495

As of July 2026, apartments are the most affordable rental option in Palo Alto, CA at $3,452 per month, while houses are the most expensive at $9,278 per month. Townhomes average $5,495 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$3,495
2 Bedrooms	$4,500
3 Bedrooms	$6,750
4 Bedrooms	$10,800
All	$4,400

As of July 2026, the average rent for a 1 bedroom rental in Palo Alto, CA is $3,495 per month, followed by $4,500 for a 2 bedroom rental, $6,750 for a 3 bedroom rental, and $10,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$4,500
3 Bedrooms	$6,500
4 Bedrooms	$7,500
All	$5,820

As of July 2026, the average rent for a 2 bedroom townhome in Palo Alto, CA is $4,500 per month, followed by $6,500 for a 3 bedroom townhome, and $7,500 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$3,670
2 Bedrooms	$4,998
3 Bedrooms	$7,277
4 Bedrooms	—
All	$4,100

As of July 2026, the average rent for a 1 bedroom apartment in Palo Alto, CA is $3,670 per month, followed by $4,998 for a 2 bedroom apartment, and $7,277 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$2,400
2 Bedrooms	$4,500
3 Bedrooms	$7,000
4 Bedrooms	$10,800
All	$7,900

As of July 2026, the average rent for a 1 bedroom house in Palo Alto, CA is $2,400 per month, followed by $4,500 for a 2 bedroom house, $7,000 for a 3 bedroom house, and $10,800 for a 4 bedroom house.