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The average rent in Palo Alto, as of May 2026, is up 2.79% compared to last month and up 2.41% year-over-year.
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1d ago
Midtown apartment for rent in Palo Alto
2 beds
1 bath
$3,395
Apartment for rent
Available May 28
22h ago
Verified
Studio–2 beds
1–2 baths
$2,775–$4,185
Price drop
Apartment for rent
5d+ ago
Verified
628 Waverley St #04, Palo Alto, CA 94301
Studio
1 bath
$1,995
$1,895
Price drop
Apartment for rent
Available May 18
14h ago
Verified
1 bed
1 bath
$5,200
$4,880
Price drop
Apartment for rent
14h ago
Verified
801 Middlefield Rd #1946, Palo Alto, CA 94301
Furnished | On-site laundry | Assigned parking
2 beds
2 baths
$6,700
Price drop
Apartment for rent
14h ago
Verified
715 Everett Ave #1762, Palo Alto, CA 94301
Furnished | Air conditioning | On-site laundry
1–3 beds
1–2 baths
$3,340–$8,040
Price drop
Apartment for rent
14h ago
Verified
1 bed
1 bath
$4,330
$4,120
Price drop
Apartment for rent
14h ago
Verified
837 Cowper St #1381, Palo Alto, CA 94301
Furnished | Air conditioning | On-site laundry
1–2 beds
1–2 baths
$4,870–$6,590
Price drop
Apartment for rent
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14h ago
Verified
535 Everett Ave #1230, Palo Alto, CA 94301
Furnished | Air conditioning | On-site laundry
Studio–1 bed
1 bath
$3,790–$5,380
Price drop
Apartment for rent
14h ago
Verified
501 Forest Ave #1255, Palo Alto, CA 94301
Furnished | Air conditioning | On-site laundry
1–2 beds
1–2 baths
$5,840–$6,070
Apartment for rent
On-Site Laundry
Dishwasher
Central Heat
Assigned Parking
1d ago
Verified
565 Arastradero Rd #706, Palo Alto, CA 94306
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$4,270
Apartment for rent
2d ago
Verified
345 Sheridan Ave #2016, Palo Alto, CA 94306
In-unit laundry | Furnished | Air conditioning
1–2 beds
1–2 baths
$4,850–$5,410
Price drop
Apartment for rent
5d+ ago
Verified
2 beds
1 bath
$6,590
$5,100
Price drop
Apartment for rent
5d+ ago
Verified
1 bed
1 bath
$4,500
Apartment for rent
5d+ ago
Verified
3 beds
2.5 baths
$7,020
Apartment for rent
5d+ ago
Verified
2 beds
1 bath
$5,500
Apartment for rent
5d+ ago
Verified
3 beds
3 baths
$5,310
House for rent
5d+ ago
Verified
1 bed
1 bath
$4,160
Apartment for rent
5d+ ago
Verified
1 bed
1 bath
$3,460
Apartment for rent
5d+ ago
Verified
3 beds
2.5 baths
$5,820
House for rent
2d ago
166 Bryant Street, Palo Alto, CA 94301
In-unit laundry | Assigned parking | Storage
1 bed
1 bath
$3,595
Apartment for rent
Available Aug 1
5h ago
Crescent Park condo for rent in Palo Alto
545 Fulton St #NONE, Palo Alto, CA 94301
In-unit laundry | Garage parking | On-site laundry
1 bed
1 bath
$4,950
$4,450
Price drop
Condo for rent
Available Jun 1
18h ago
College Terrace house for rent in Palo Alto
In-unit laundry | Air conditioning | Assigned parking
4 beds
4 baths
$14,000
House for rent
1d ago
Community Center house for rent in Palo Alto
2 beds
1 bath
$5,000
House for rent
Available May 27
1d ago
Greenmeadow house for rent in Palo Alto
4 beds
2 baths
$8,800
House for rent
2d ago
University South apartment for rent in Palo Alto
185 Forest Ave #4A, Palo Alto, CA 94301
In-unit laundry | Air conditioning | On-site laundry
2 beds
2 baths
$6,000
Apartment for rent
4d ago
College Terrace house for rent in Palo Alto
4 beds
4 baths
$14,000
House for rent
Available May 26
4d ago
Palo Verde house for rent in Palo Alto
4 beds
2.5 baths
$8,000
House for rent
4d ago
Downtown North condo for rent in Palo Alto
2 beds
2 baths
$5,795
Condo for rent
4d ago
House for rent in Palo Alto
1 San Antonio Rd #E, Palo Alto, CA 94303
Hardwood floor | Microwave
2 beds
1 bath
$1,400
House for rent
Available Nov 24
5d+ ago
Duveneck - St. Francis house for rent in Palo Alto
1033 Oregon Ave #NA, Palo Alto, CA 94303
In-unit laundry | Air conditioning | Garage parking
3 beds
2 baths
$6,700
House for rent
Available Jun 15
5d+ ago
Midtown house for rent in Palo Alto
4 beds
2 baths
$6,200
House for rent
5d+ ago
Townhouse for rent in Palo Alto
3743 Klamath Ln, Palo Alto, CA 94303
In-unit laundry | Furnished | Air conditioning
3 beds
3 baths
$12,800
House for rent
Available Feb 12
5d+ ago
University South townhouse for rent in Palo Alto
3 beds
2.5 baths
$1,695
House for rent
Available May 5
5d+ ago
Ventura apartment for rent in Palo Alto
267 Curtner Ave #11, Palo Alto, CA 94306
On-site laundry | Assigned parking | Swimming pool
1 bed
1 bath
$2,595
Apartment for rent
5d+ ago
Monroe Park apartment for rent in Palo Alto
1 bed
1 bath
$2,800
Apartment for rent
Available Oct 9
1d ago
University South condo for rent in Palo Alto
837 Cowper St #A, Palo Alto, CA 94301
In-unit laundry | Garage parking | Central heat
1 bed
1 bath
$1,800
Condo for rent
Available May 31
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Palo Alto, CA, is often described by residents as lively and vibrant, with a plethora of dining options and recreational activities. Many enjoy the accessibility to parks and the strong emphasis on technology and education, thanks to its proximity to Stanford University and numerous tech companies. While locals appreciate the walkable neighborhoods and public transit, some express concern about the high cost of living and housing prices, which can be challenging for renters navigating the area.
Palo Alto's 2025 rental market shows 1-bedroom apartments averaging around $3,400 per month, while 2-bedroom units average around $4,400 monthly. These figures reflect the city's position in California's Silicon Valley tech hub.
In Palo Alto, CA, rents have seen a slight overall increase of about 1.6%. Specifically, the average cost of a 1-bedroom has decreased by about 12.8%, while 2-bedrooms have increased by 2.6%.
December and January offer the best opportunities for apartment hunting in Palo Alto, with January seeing the lowest rents and December representing one of the least competitive periods. Winter moves can result in lower prices and reduced competition, with approximately a 15% difference between peak June rents and off-peak January pricing.
Downtown North and College Terrace lead Palo Alto's rental market with strong walk scores and street infrastructure that encourages community interaction. Midtown attracts renters with its walkable layout and diverse community engagement, while St. Claire Gardens, Midtown, and Barron Park draw the highest consumer interest despite premium pricing.
Ventura offers the most budget-friendly option with 1-bedroom apartments at around $1,700 per month, 48% below the city median. Downtown North provides another affordable choice with median rents around $3,590, followed by Midtown at around $3,670 monthly.
Palo Alto offers excellent pet-friendly options, particularly in Midtown, Palo Verde, Evergreen Park, and Barron Park. These neighborhoods feature pet-friendly flooring, pet-safe windows, outdoor spaces for walks, and pet waste stations, with many buildings maintaining no breed restrictions and providing dedicated pet spaces.
Utilities are rarely included in Palo Alto rental agreements, with only approximately 4 total listings including utilities out of the monthly average inventory. This represents less than 1% of available apartments across all bedroom types in the city.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2026 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
| 🔑Available apartment rentals | 52 |
|---|---|
| 💰Best rent deal | 1 San Antonio Rd #E |
| ✨Popular amenities | , , |
| 🍽With dishwasher | |
| 🏠With photos |