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 $4,495 per month, which is 129% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$4,495

7.0%$296 increase month-over-month

3.7%$160 increase year-over-year

AVAILABLE RENTALS

195

APARTMENTS

$3,828

HOUSES

$6,995

TOWNHOUSES

$5,820

As of July 2026, apartments are the most affordable rental option in Palo Alto, CA at $3,828 per month, while houses are the most expensive at $6,995 per month. Townhomes average $5,820 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$3,395
2 Bedrooms	$4,995
3 Bedrooms	$6,750
4 Bedrooms	$8,750
All	$4,495

As of July 2026, the average rent for a 1 bedroom rental in Palo Alto, CA is $3,395 per month, followed by $4,995 for a 2 bedroom rental, $6,750 for a 3 bedroom rental, and $8,750 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$3,500
3 Bedrooms	$5,932
4 Bedrooms	$7,500
All	$5,820

As of July 2026, the average rent for a 2 bedroom townhome in Palo Alto, CA is $3,500 per month, followed by $5,932 for a 3 bedroom townhome, and $7,500 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$3,560
2 Bedrooms	$5,300
3 Bedrooms	$5,950
4 Bedrooms	—
All	$4,340

As of July 2026, the average rent for a 1 bedroom apartment in Palo Alto, CA is $3,560 per month, followed by $5,300 for a 2 bedroom apartment, and $5,950 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$2,700
2 Bedrooms	$5,200
3 Bedrooms	$6,791
4 Bedrooms	$8,750
All	$6,995

As of July 2026, the average rent for a 1 bedroom house in Palo Alto, CA is $2,700 per month, followed by $5,200 for a 2 bedroom house, $6,791 for a 3 bedroom house, and $8,750 for a 4 bedroom house.