Last updated on August 1, 2026

Average rent in
Palo Alto, CA

Key takeaways for renters

  • Where Palo Alto rent stands today

    Palo Alto, CA rent rose 15.5% year over year, with a current median of $4,480/month. Renters today are paying $829 more per month on average than last year, just below the recent peak of $4,830/month in June 2026.

  • Vs. national rents

    Palo Alto runs roughly 2.3× the $1,930/month national median. The market is small with 61 total rentals.

  • Price ranges

    Studios in Palo Alto rent for about $2,350/month, 1-bedrooms around $3,740/month, and 2-bedrooms at $5,472/month, with 4+ bedrooms reaching $12,525/month.

  • Neighborhood spotlight

    Duveneck St Francis rents fell 60.9% year over year to $4,200/month across 16 rentals, contrasting with the citywide 15.5% rise. Charleston Gardens saw a 229.2% increase to $3,950/month.

Median rent

Median rent in Palo Alto

$4,480/mo

increased by16%

vs previous year

The average rent in Palo Alto is $4,480 per month as of July 2026. This is 132% above the national average rent, or $2,550 more per month.

$3.93

average price per square foot

Total rentals

Available rentals in Palo Alto

61

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Palo Alto rentals at each price point

35%26%18%9%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Palo Alto, CA

Average rent prices in Palo Alto have decreased by 1% over the last month and have increased by 16% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Palo Alto, CA

Rent prices in Palo Alto vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palo Alto is $3,900, whereas a house costs $7,300. 1-bedroom apartments in Palo Alto run $3,850 on average, while 2-bedroom apartments are $5,500.

Listings

Studio

$2,350

3%

3%

1 bedroom

$3,740

4%

24%

2 bedroom

$5,472

6%

28%

3 bedroom

$6,972

24%

18%

4 bedroom

$12,525

45%

10%

Studio

Average rent

$2,350

Last 30 days

3%

Last year

3%

1 bedroom

Average rent

$3,740

Last 30 days

4%

Last year

24%

2 bedroom

Average rent

$5,472

Last 30 days

6%

Last year

28%

3 bedroom

Average rent

$6,972

Last 30 days

24%

Last year

18%

4 bedroom

Average rent

$12,525

Last 30 days

45%

Last year

10%

The table above reflects average rent prices in Palo Alto, CA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Palo Alto, CA compare to other cities?

Compare median rent prices in Palo Alto and Fremont by all bedroom counts and property types.

Palo Alto

Median rent price$4,480
increased by132%

higher than the national median

Median rent price$3,097
increased by60%

higher than the national median

Takeaway

The median rent for all rentals in Palo Alto, CA is 45% higher than the median rent in Fremont, CA.

Discover rentals in Palo Alto, CA

4250 El Camino Real #C221 - Photo 1 of 1

4d ago

House for rent in Palo Alto

4250 El Camino Real #C221, Palo Alto, CA 94306

1 bed

1 bath

$1,800

House for rent

2501 Emerson St - Photo 1 of 1

5d+ ago

Midtown house for rent in Palo Alto

1 bed

1 bath

$1,950

House for rent

2460 High St - Photo 1 of 1

5d+ ago

Midtown townhouse for rent in Palo Alto

House for rent

326 Bryant St - Photo 1 of 1

5d+ ago

Downtown North apartment for rent in Palo Alto

2 beds

1 bath

$3,900

Apartment for rent

Available Aug 1

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Palo Alto, CA

Quick answers to common questions about the Palo Alto rental market.

How much is rent in Palo Alto?

The average rent in Palo Alto is $4,480 per month as of July 25, 2026.

Is rent up or down in Palo Alto?

Average rent prices in Palo Alto have decreased by 1% over the last month and have increased by 16% since last year.

How does Palo Alto rent compare to the national average?

Rent in Palo Alto is 132% above the national average, which means renters are paying approximately $2,550 more per month.

Which neighborhoods are most affordable in Palo Alto?

The most affordable neighborhoods in Palo Alto are University South ($3,690/mo), Downtown North ($4,080/mo), and Duveneck St Francis ($4,200/mo).

What salary do I need to afford rent in Palo Alto?

To comfortably afford rent in Palo Alto, you'd need to earn approximately $179,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Palo Alto?

Based on Zumper's July 2026 data, one-bedroom apartments in Palo Alto average around $3,480/month and two-bedrooms approximately $4,670/month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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