Skip to content

Prices last verified

Average Rent in Palo Alto 94304 & Rent Trends

What is the average 2-bedroom rent in Palo Alto 94304?

The average listed 2-bedroom apartment rent in Palo Alto 94304 is $5,000 per month, last observed October 21, 2026. This sample includes 2 priced apartments in 1 building. Current availability is not confirmed.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 1 apartment community in Palo Alto 94304, Redwood City, CA. Prices update after successful source checks.

Area All Areas Farm Hills Suburban Park–Lorelei Manor–Flood Park Triangle
Redwood City 94062 94063
Palo Alto 94304
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing 2 bedrooms in Palo Alto 94304.

Market Average

$5,000/mo

Lowest Listed

$4,543/mo

as of Oct 21

Communities

1

tracked daily

Units Listed

2

as of Oct 21

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Palo Alto 94304 vs Redwood City, CA Average

Palo Alto 94304 is cheaper than the Redwood City, CA average by $1,235/mo (20%). The citywide average is $6,235/mo across all neighborhoods.

Is Rent Going Up or Down in Palo Alto 94304?

As of October 2026, the average rent in Palo Alto 94304 is $5,000 per month across 1 apartment community and 2 recently listed units.

The most affordable option is Stanford West starting at $4,543/mo. By unit type, a 2-bedroom averages $5,000/mo.

Prices range from $4,543 to $5,457 per month. The most common price point is the $4,400 range, where 1 units were listed.

Rent Price Distribution

Rent by Bedroom Type in Palo Alto 94304

2 Bed
$5,000
from $4,543 · 2 units

Rent Prices by Apartment in Palo Alto 94304

Property Starting at Average Units Rating
Stanford West $4,543/mo $5,000/mo 2 4.8

Frequently Asked Questions About Rent in Palo Alto 94304

How many bedrooms are you looking for?

How many bedrooms are you looking for?

Scroll or tap to choose.
2 bedrooms

What is the average 2-bedroom rent in Palo Alto 94304?
The average listed 2-bedroom apartment rent in Palo Alto 94304 is $5,000 per month, last observed October 21, 2026. This sample includes 2 priced apartments in 1 building. Current availability is not confirmed.

What rent range can I find in Palo Alto 94304?
The 2-bedroom apartment listings we track in Palo Alto 94304 range from $4,543 to $5,457 per month, last verified October 21, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Palo Alto 94304?
There is not enough comparable history to report a reliable 30-day rent change for 2-bedroom apartment listings in Palo Alto 94304. Missing dates or a change in the buildings we track can prevent a comparison. The chart uses recorded prices for 2-bedroom apartments with a known unit identity. It averages those prices within each building before comparing buildings. Missing history does not mean rents stayed flat.

How much is a 2-bedroom apartment in Palo Alto 94304?
2-bedroom apartments average $5,000 per month across 2 priced listings in Palo Alto 94304. Listed rents range from $4,543 to $5,457 per month, last verified October 21, 2026. Compare apartments with similar floor plans and lease terms.

Which tracked building has the lowest starting rent in Palo Alto 94304?
Stanford West has the lowest starting rent among the buildings in the comparison table, at $4,543 per month. We track 2 priced listings matching your bedroom choice in that building, last verified October 21, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Palo Alto 94304?
The $4,400 to $4,600 monthly range has the most matching listings: 1 units, or 50.0% of the priced apartments we track in Palo Alto 94304. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Palo Alto 94304?
We track 2 priced units at 1 apartment building, last verified October 21, 2026. These are 2-bedroom apartments. These are previously listed units. They are not a confirmed count of apartments available today.

How much rent history is available for Palo Alto 94304?
We do not yet have enough accepted price records to draw a history chart for 2-bedroom apartment listings in Palo Alto 94304. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Palo Alto 94304?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Palo Alto 94304 rent figures?
The listed prices were last verified October 21, 2026. They describe previously listed units, not confirmed availability today. Open the building and apartment details to check for a newer price.

What salary do I need to live comfortably in Palo Alto 94304?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$200,000/year

Based on the 30 percent rule, using our tracked average rent of $5,000/mo.

Comfortable income

$240,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($4,543/mo), you need to earn at least $182,000/year.

Median household income in Palo Alto 94304 is $150,840 , about 37% below the comfortable-living threshold.

Explore Palo Alto 94304 Apartments

Browse all 1 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

Cost of living in Palo Alto 94304

Overall prices in Palo Alto 94304 runs above the national average by about 18% (BEA Regional Price Parity index 117.6, 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 94304's regional price parities.

Category Monthly estimate
Rent (market average) $5,000
Utilities $861
Groceries $622
Transportation $2,051
Healthcare $1,001
Other goods and services $1,601
Estimated total $11,136/mo

Population

82,423

Median household income

$150,840

Census median rent

$2,959/mo

Census rent burden

29.5%

Median age

37.5

Mean commute

25 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

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.
California Rent Trends
Compare rent across all California cities
Redwood City, CA Neighborhood Rent Map
See rent history by neighborhood on a map
Explore Redwood City, CA on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Redwood City, CA rents stack up against the national median

Looking for the best deal?

Find Your Match