Cheap Apartments for Rent in 94306
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$3,000 - $3,995/mo
1-2 Beds
1-2 BathsArastradero West Apartments | 724 Arastradero Rd #114,
Palo Alto, CA 94306
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Average Rent Trends in 94306
Rent in 94306 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $4,000 |
| Jul 2025 | $4,100 |
| Aug 2025 | $3,458 |
| Sep 2025 | $3,950 |
| Oct 2025 | $3,874 |
| Nov 2025 | $3,853 |
| Dec 2025 | $3,729 |
| Jan 2026 | $3,026 |
| Feb 2026 | $3,000 |
| Mar 2026 | $3,500 |
| Apr 2026 | $3,269 |
| May 2026 | $3,550 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,895 | $3,595 | $6,500 | $11,115 | $3,463 |
| Townhomes | $2,550 | $3,595 | $5,400 | — | $4,850 |
| Apartments and Condos | $3,550 | $3,289 | $3,600 | — | $3,289 |
| Houses | $2,322 | — | $6,990 | $11,115 | $9,600 |
Frequently Asked Questions about Rentals in 94306
- What is the average rent of an apartment in 94306?The average rent of an apartment in 94306 is $3,005 per month. This is about 56% higher than the national average.
- What is the average rent of a house in 94306?The average rent of a house in 94306 is $6,000 per month. This is about 211% higher than the national average.
- What is the average rent of a townhome in 94306?The average rent of a townhome in 94306 is $4,500 per month. This is about 133% higher than the national average.
- When is the average rent cheapest in 94306?In the last year, the average rent in 94306 was lowest in Apr 2025 when it was $3,180 per month.
- When is the average rent most expensive in 94306?In the last year, the average rent in 94306 was highest in Jul 2025 when it was $4,100 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 94306?The average rent of a 1 bedroom apartment in 94306 is $2,735 per month. That is about $40 less than the cost of a studio apartment.
- How many available rental listings are in 94306?There are 77 available rental listings in 94306.
- What are some cities near 94306?Some nearby cities include: Palo Alto, Stanford, Mountain View, Los Altos Hills, East Palo Alto, Menlo Park. These cities may have more rental options to explore.