Rentometer, Inc. | Data as of 10/23/2025
Palo Alto’s rental market reflects its reputation as a premier Silicon Valley community, offering a mix of modern apartments and classic single‑family homes near world‑renowned Stanford University and vibrant downtown dining, boutique shops, and tech campuses. Prospective renters can choose from compact studios in the bustling Midtown district—typically priced in the $2400 range—to spacious three‑ and four‑plus bedroom apartments in coveted neighborhoods like Professor Professorville and the tree‑lined Crescent Park area, where rents commonly sit in the $5000‑$7500 bracket. For those seeking the privacy of a house, one‑bedroom homes are generally found in the $2800s, while larger family‑sized properties with three or more bedrooms command rates that often exceed $6,800, with premium four‑plus bedroom estates reaching the $9,000‑$10,000 level.
The city’s strong rental demand is driven by its proximity to leading research institutions, premier schools, and a robust network of venture‑backed startups, making it attractive to professionals, graduate students, and families alike. Residents enjoy easy access to major transit corridors, extensive bike paths, and iconic landmarks such as the Stanford Campus Arboretum and the Palo Alto Baylands Nature Preserve. Whether you’re looking for a contemporary loft in the lively downtown core or a tranquil suburban home near the foothills, Palo Alto’s diverse housing stock and high‑quality amenities provide a compelling rental experience for a wide range of lifestyles.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,438 | $2,347 | $900 - $3,927 | $2,095 - $2,810 |
| Apartment | 1 Bedroom | $2,770 | $2,650 | $700 - $7,981 | $2,295 - $3,100 |
| Apartment | 2 Bedroom | $4,253 | $3,995 | $1,100 - $9,282 | $3,295 - $4,895 |
| Apartment | 3 Bedroom | $5,252 | $4,995 | $1,125 - $7,370 | $4,500 - $6,500 |
| Apartment | 4+ Bedroom | $6,833 | $7,500 | $4,500 - $8,500 | $4,500 - $8,500 |
| House | 1 Bedroom | $2,870 | $2,850 | $744 - $5,800 | $1,894 - $3,650 |
| House | 2 Bedroom | $4,792 | $4,500 | $850 - $9,000 | $3,995 - $5,888 |
| House | 3 Bedroom | $6,778 | $6,650 | $990 - $12,000 | $5,600 - $7,500 |
| House | 4+ Bedroom | $10,781 | $9,000 | $5,100 - $26,000 | $7,950 - $13,000 |
In the current period, the average rent in Palo Alto was $2,392 for Studio, $2,799 for 1 Bedroom, $4,454 for 2 Bedroom, $6,465 for 3 Bedroom, and $9,021 for 4+ Bedroom.
Data provided by Rentometer, Inc.