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Rental Market Trends in Menlo Park, CA

Updated July 2026

The average rent in Menlo Park, CA is $3,730/month.

Rent in Menlo Park is 124% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$3,730/month

Average Rent

681 Sq Ft

Average Size

+7.3%

Change / Year

343

Available Apartments

Menlo Park rent varies by unit size and layout:

  • Studio apartments in Menlo Park average $3,188 per month.
  • One-bedroom apartments in Menlo Park average $3,730 per month.
  • Two-bedroom apartments in Menlo Park average $5,041 per month.
  • Three-bedroom apartments in Menlo Park average $7,272 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$3,188/month
540 Sq Ft
One Bedroom
$3,730/month
681 Sq Ft
Two Bedroom
$5,041/month
1,041 Sq Ft
Three Bedroom
$7,272/month
1,366 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$7,817/month
1,523 Sq Ft
Four Bedroom
$20,237/month
2,945 Sq Ft
View Menlo Park Apartments

How much has average rent changed in Menlo Park, CA?

In the past year, rent has increased by 7.3%, which averages out to $274 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Menlo Park, CA

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Menlo Park, CA
Percentage*
Rent Range
1% Below $700/month
0% $700 - $1,000/month
10% $1,001 - $1,500/month
15% $1,501 - $2,000/month
74% Above $2,000/month

What salary do I need to live comfortably in Menlo Park, CA?

Because the average rent in Menlo Park is $3,730, you’ll want to make about $12,433 per month or $149,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Menlo Park, CA

343 Available Apartments for Rent

Search for Nearby Apartments

How does Menlo Park, CA compare to other nearby cities and neighborhoods?

Use the tool below to compare Menlo Park, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Menlo Park Area Guide

Apartment Averages

Apartment Communities in Menlo Park We Think You'll Love

Anton Menlo

Anton Menlo

3639 Haven Ave,
Menlo Park, CA 94025

Studio - 3 Beds | $4,205 - $5,518

Vasara

Vasara

110 Constitution Dr,
Menlo Park, CA 94025

Studio - 3 Beds | $2,834 - $10,130

Lume

Lume

172 Constitution Dr,
Menlo Park, CA 94026

Studio - 3 Beds | $3,361 - $10,129

Springline

Springline

550 Oak Grove,
Menlo Park, CA 94025

1-3 Beds | $6,449 - $11,889

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Frequently Asked Questions

What is the average rent in Menlo Park?

The average rent in Menlo Park is $3,730 per month, which is 124.3% higher than the national average of $1,663.

What is the average rent for a house in Menlo Park?

The average rent for a house in Menlo Park, CA is $7,817 per month.

Are rents going up or down in Menlo Park?

Rents in Menlo Park, CA are increasing, with prices up 7.3% year-over-year and $274 more per month.

What rent range is most common in Menlo Park?

In Menlo Park, CA, 74% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States California Menlo Park Rental Trends

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity