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

Rental Market Trends in Palo Alto, CA

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Palo Alto, CA is $4,908 per month, which is 152% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$4,908

10.3%$458 increase month-over-month

19.7%$808 increase year-over-year

AVAILABLE RENTALS

185

APARTMENTS

$3,704

HOUSES

$9,400

TOWNHOUSES

$6,533

As of September 2026, apartments are the most affordable rental option in Palo Alto, CA at $3,704 per month, while houses are the most expensive at $9,400 per month. Townhomes average $6,533 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$3,500
2 Bedrooms	$4,850
3 Bedrooms	$7,400
4 Bedrooms	$9,500
All	$4,908

As of September 2026, the average rent for a 1 bedroom rental in Palo Alto, CA is $3,500 per month, followed by $4,850 for a 2 bedroom rental, $7,400 for a 3 bedroom rental, and $9,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,995
2 Bedrooms	$4,850
3 Bedrooms	$7,000
4 Bedrooms	$8,000
All	$6,533

As of September 2026, the average rent for a 1 bedroom townhome in Palo Alto, CA is $1,995 per month, followed by $4,850 for a 2 bedroom townhome, $7,000 for a 3 bedroom townhome, and $8,000 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$3,746
2 Bedrooms	$5,338
3 Bedrooms	$7,027
4 Bedrooms	—
All	$4,327

As of September 2026, the average rent for a 1 bedroom apartment in Palo Alto, CA is $3,746 per month, followed by $5,338 for a 2 bedroom apartment, and $7,027 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$3,484
2 Bedrooms	$4,950
3 Bedrooms	$7,988
4 Bedrooms	$9,800
All	$9,400

As of September 2026, the average rent for a 1 bedroom house in Palo Alto, CA is $3,484 per month, followed by $4,950 for a 2 bedroom house, $7,988 for a 3 bedroom house, and $9,800 for a 4 bedroom house.