1 Day Ago
Location
640 Homer Avenue, Palo Alto, California 94301, United States|University South
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 650 sqft | $2,450 /mo | 1 unit available | This one bedroom apartment is just blocks from University Ave and the heart of Palo Alto life. With hardwood floors in the living and bedroom areas, this apartment is a gem! As an added bonus, the high ceilings allow for natural light to fill the rooms and makes space for additional storage areas in the bedroom. The kitchen area has a breakfast nook perfect for a small table. All of the windows have been upgraded to double pane windows. There is on-site app based payment laundry room and one assigned carport space. Tenant is responsible for garbage, sewer. electricity and gas. This is a lease break and needing to find someone to take over the remaining lease ending on April 30th 2026. You will have an option to extend beyond the lease end date. Deposit equal to one months rent. Palo Alto School District (tenant to verify schools) All Wilbur Properties tenants will need to go through an application process. Each application is $50 per person over the age of 18. Please be aware of the following tenant criteria prior to setting up an appointment: 1. A credit score of greater than 700 2. Gross household income of 1.5 times or greater than the asking rent 3. Landlord reference(s) 4. Employment verification(s) All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. Landlord makes no warranty or representation, express or implied, as to the exact square footage or dimensions of the Premises. Tenant is responsible for conducting their own due diligence to determine the suitability and size of the Premises for their needs. This property is professionally managed by Wilbur Properties. DRE#00823559 |
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Amenities for rboy1
Building
| Carport | Onsite Laundry |
| Shared Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 5 |
|---|
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About rboy1
This one bedroom apartment is just blocks from University Ave and the heart of Palo Alto life. With hardwood floors in the living and bedroom areas, this apartment is a gem! As an added bonus, the high ceilings allow for natural light to fill the rooms and makes space for additional storage areas in the bedroom. The kitchen area has a breakfast nook perfect for a small table. All of the windows have been upgraded to double pane windows. There is on-site app based payment laundry room and one assigned carport space. Tenant is responsible for garbage, sewer. electricity and gas. This is a lease break and needing to find someone to take over the remaining lease ending on April 30th 2026. You will have an option to extend beyond the lease end date. Deposit equal to one months rent. Palo Alto School District (tenant to verify schools) All Wilbur Properties tenants will need to go through an application process. Each application is $50 per person over the age of 18. Please be aware of the following tenant criteria prior to setting up an appointment: 1. A credit score of greater than 700 2. Gross household income of 1.5 times or greater than the asking rent 3. Landlord reference(s) 4. Employment verification(s) All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. Landlord makes no warranty or representation, express or implied, as to the exact square footage or dimensions of the Premises. Tenant is responsible for conducting their own due diligence to determine the suitability and size of the Premises for their needs. This property is professionally managed by Wilbur Properties. DRE#00823559
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How rboy1 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in University South
1-bedroom apartments at rboy1 cost about 40% less than the average rent price for 1-bedroom apartments in University South.
Median rents as of Nov 29 2025.
University South
Palo Alto
| Month | Median Rent |
|---|---|
| December 2023 | $3,016 |
| January 2024 | $2,474 |
| February 2024 | $2,337 |
| March 2024 | $2,310 |
| April 2024 | $2,243 |
| May 2024 | $2,416 |
| June 2024 | $2,248 |
| July 2024 | $2,395 |
| August 2024 | $2,395 |
| September 2024 | $1,997 |
| October 2024 | $2,354 |
| November 2024 | $2,064 |
| December 2024 | $2,060 |
| January 2025 | $2,175 |
| February 2025 | $2,311 |
| March 2025 | $2,216 |
| April 2025 | $2,275 |
| May 2025 | $2,892 |
| June 2025 | $2,400 |
| July 2025 | $2,480 |
| August 2025 | $2,500 |
| September 2025 | $2,642 |
| October 2025 | $2,477 |
| November 2025 | $2,410 |
| Month | Median Rent |
|---|---|
| December 2023 | $2,796 |
| January 2024 | $2,650 |
| February 2024 | $2,795 |
| March 2024 | $2,795 |
| April 2024 | $2,696 |
| May 2024 | $2,995 |
| August 2024 | $2,395 |
| September 2024 | $2,395 |
Affordability calculator
Can I afford to live at 640 Homer Avenue?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$98,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $98,000 annually to afford this 1-bedroom monthly rent price of $2,450.
For more information on rent affordability, visit our rent calculator.
Schools near rboy1
Addison Elementary School
650 addison ave
palo alto, CA, 94301
K-5Public
A+
Ohlone Elementary School
950 amarillo ave
palo alto, CA, 94303
K-5Public
A+
Herbert Hoover Elementary School
445 e charleston rd
palo alto, CA, 94306
K-5Public
A+
Greendell
4120 midfield rd
palo alto, CA, 94303
K-12Public
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Internet available near rboy1
Getting around Palo Alto near 640 Homer Avenue
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 640 Homer Avenue, Palo Alto
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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