Palo Alto

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Palo Alto, CA

Area Guide

The birthplace of Silicon Valley is a California dream

Upscale Bayfront Nature Bicycle-Friendly College Town University Multicultural High-Tech

Living in Palo Alto places you in Silicon Valley, where historic neighborhoods complement the city's technological presence. Tree-lined streets wind through the community, which is anchored by Stanford University. University Avenue features local boutiques and restaurants housed in preserved historic buildings, while the Stanford Shopping Center offers high-end retail destinations. The city maintains 36 parks and preserves, including the Baylands Nature Preserve and Foothills Park, where residents enjoy hiking trails and outdoor activities. Palo Alto's infrastructure supports alternative transportation, with dedicated bike lanes throughout the city.

The rental market in Palo Alto reflects the area's popularity, with current average rents ranging from $2,634 for studios to $6,139 for four-bedroom homes. Recent trends show steady growth, with rent increases varying from 1.8% to 17% across different unit sizes over the past year. Housing options include historic properties in Professorville, apartments near California Avenue, and residential communities in College Terrace. Downtown North offers proximity to University Avenue's shops and dining, while Midtown features local shopping centers and tree-lined streets. The city maintains strict building codes and zoning laws to preserve its architectural heritage while accommodating new development.

Rent Trends

As of December 2025, the average apartment rent in Palo Alto, CA is $2,917 for a studio, $3,022 for one bedroom, $3,826 for two bedrooms, and $4,664 for three bedrooms. Apartment rent in Palo Alto has increased by 3.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$3,022/month
634 Sq Ft
House
$6,838/month
1,524 Sq Ft
Condo
$3,530/month
1,152 Sq Ft
See Rental Market Trends in Palo Alto, CA

Transportation

76

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

41

Some Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

94

Biker's Paradise

out of 100 BikeScore® Rating

Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.

Schools

Duveneck Elementary

Public

Grades K-5

346 Students

Fairmeadow Elementary

Public

Grades K-5

403 Students

Herbert Hoover Elementary

Public

Grades K-5

386 Students

Palo Verde Elementary

Public

Grades K-5

382 Students

Addison Elementary

Public

Grades K-5

331 Students

Jane Lathrop Stanford Middle

Public

Grades 6-8

996 Students

Frank S. Greene Jr. Middle

Public

Grades 6-8

755 Students

Ellen Fletcher Middle

Public

Grades 6-8

515 Students

Palo Alto High

Public

Grades 9-12

1,992 Students

Henry M. Gunn High

Public

Grades 9-12

1,787 Students

Points of Interest

Parks and Recreation

  • Esther Clark Nature Preserve
  • Redwood Grove
  • Terman Park
  • Foothill College Observatory
  • Bol Park

Military Bases

Airports

  • Norman Y Mineta San Jose International
  • San Francisco International

Top Apartments in Palo Alto

Houses for Rent in Palo Alto

Property Management Companies in Palo Alto, CA

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.