Average Rent in Palo Alto, CA
1 apartment buildings, 1 units. Real asking prices, refreshed daily.
Avg Rent
$4,148/mo
market average
Cheapest
$4,148/mo
The Palomino
Properties
1
tracked daily
Units
1
available now
Palo Alto, CA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 1 properties in Palo Alto, CA.
Average Rent by Property
Starting Price vs Average
Price per Square Foot
Palo Alto, CA Rent Prices
All 1 properties ranked by lowest available rent.
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Palomino 2755 El Camino Real, Palo Alto, CA 94306, USA | $4,148 | $4,148 | $9.36 | 4.9 (26) | 1 |
Explore Each Property
Palo Alto, CA Average Rent Prices 2026
The average rent in Palo Alto, CA is $4,148 per month, based on 1 units across 1 apartment communities. Prices range from $4,148 at The Palomino to $4,148 at The Palomino.
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Palo Alto, CA, and what they pay
Tracked tracked rent in Palo Alto, CA averages $4,148/mo. At the local median household income of $220,408, that works out to 23% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Palo Alto, CA at $3,328/mo. The current tracked market average runs 25% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Palo Alto, CA while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Silicon Valley
Demand in the Silicon Valley rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Hewlett Packard Enterprise
- Tesla
- Stanford University
- VMware
Mean one-way commute in Palo Alto, CA is 23 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Palo Alto, CA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$166,000/year
Based on the 30 percent rule, using our tracked average rent of $4,148/mo.
Comfortable income
$199,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
Median household income in Palo Alto, CA is $220,408 , about 11% above the comfortable-living threshold.
Cost of living in Palo Alto, CA
Overall prices in Palo Alto, CA runs above the national average by about 13% (BEA Regional Price Parity index 113.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Palo Alto, CA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $4,148 |
| Utilities | $916 |
| Groceries | $567 |
| Transportation | $2,183 |
| Healthcare | $1,065 |
| Other goods and services | $1,704 |
| Estimated total | $10,582/mo |
Population
67,231
Median household income
$220,408
Census median rent
$3,328/mo
Rent as % of income
25.9%
Median age
42.5
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in California
How Palo Alto, CA rent compares to other markets in the state.
| City | Avg Rent | vs Palo Alto, CA | Properties |
|---|---|---|---|
| Los Angeles, CA | $2,964 | -29% | 42 |
| Anaheim, CA | $2,798 | -33% | 31 |
| San Diego, CA | $3,229 | -22% | 26 |
| Sacramento, CA | $2,349 | -43% | 24 |
| Riverside, CA | $2,521 | -39% | 24 |
| Antioch, CA | $2,342 | -44% | 21 |
Frequently asked questions
What is the average rent in Palo Alto, CA?
The average rent in Palo Alto, CA is $4,148 per month, based on 1 units across 1 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Palo Alto, CA?
The lowest available rent in Palo Alto, CA starts at $4,148 per month. Availability changes daily and prices are refreshed each morning.
Rent Trends in Palo Alto, CA
Track how apartment prices are changing over time.
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