Renter Resources
What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
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What to Know About
Life in Palo Alto & Beyond
Palo Alto shares many of the great qualities that make California a desirable place to live.
California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.
There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.
With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.
Rental Market Trends
Palo Alto, CA
As of June 2025, Palo Alto's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Palo Alto's average rent is 87.5% ($2,187) higher than the California average of $2,500 and 162.7% ($2,903) higher than the U.S. average of $1,784.
Average Rent
$4,687
Monthly ChangeMonth Over Month Change
23.8% ($901)
Yearly ChangeYear Over Year Change
20.2% ($787)
Avg. Days on MarketAverage Days on Market
24
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,495 | 2.8% ($72) | 10.3% ($288) |
| 2 Beds | $4,530 | 9.6% ($397) | 34% ($1149) |
| 3 Beds | $6,757 | 2.7% ($185) | 60.8% ($2554) |
| Nearby Cities | Average Rent | Avg. Rent vs. Palo AltoAverage Rent vs. Palo Alto | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Menlo Park | $3,754 | 19.9% ($933) | 35 days |
| Mountain View | $3,061 | 34.7% ($1626) | 22 days |
| Redwood City | $2,809 | 40.1% ($1878) | 30 days |
| Sunnyvale | $3,061 | 34.7% ($1626) | 26 days |
| Newark | $3,826 | 18.4% ($861) | 31 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Palo Alto Rental Market FAQs
Explore rental prices, market trends, and availability in Palo Alto, CA.
The average rent in Palo Alto, CA is $4,687 per month.
Homes in Palo Alto typically rent for between $1,747 and $8,784 per month, with an average of $4,687 per month.
In Palo Alto, the average rent for a 1-bedroom home is $2,495 per month, for a 2-bedroom home, $4,530 per month, and a 3-bedroom home is $6,757 per month.
The average rent in Palo Alto is 162.7% ($2,903) higher than the national average of $1,784 per month.
The average rent in Palo Alto has increased by 23.8% ($901) in the last month and increased by 20.2% ($787) over the past year.
The rental market in Palo Alto, CA, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Palo Alto, CA, the average rental stays on the market for approximately 24 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 25 rental properties available in Palo Alto, CA.
Based on the current averages, a household would need an annual income of $181,200 to comfortably afford a 2-bedroom home in Palo Alto.
