Rental market snapshot for Palo Alto, California
Palo Alto, California Rental Property Market Overview
Palo Alto, California is a vibrant city located in the heart of Silicon Valley. With a population of 66,680 as of 2021 according to the US Census, Palo Alto is a bustling city full of culture, entertainment, and opportunity. The city is home to many tech giants, such as Google, Facebook, and Apple, and is known for its innovative spirit and entrepreneurial culture. Palo Alto is also home to many parks, museums, and other attractions, making it a great place to live and visit.
The average rent for an apartment in Palo Alto is $4,091. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has increased by 8.0% over the past year.
Last Updated April 22, 2023
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Average monthly rent graph in Palo Alto California | Cost of Living
- The most expensive ZIP code in Palo Alto is 94306 with an average price of $3,370
- The cheapest ZIP code in Palo Alto is 94301 with an average price of $2,600
Palo Alto ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 94306 | $3,370 |
| 2 | 94303 | $3,078 |
| 3 | 94301 | $2,600 |
Live near Palo Alto, California's Top Sights and Attractions
Robles Park is a sprawling park located in the heart of Palo Alto. It features a large grassy area, a playground, a basketball court, and a picnic area. The park also has a pond with ducks and geese, and a walking path that winds its way around the park. There are also several benches and tables scattered throughout the park, making it a great place to relax and enjoy the outdoors.
Mitchell Park is a large public park located in the heart of the city. It features a variety of recreational activities, including a large playground, a picnic area, a basketball court, a soccer field, and a walking path. The park also has a pond, a duck pond, and a small lake. The park is surrounded by lush trees and shrubs, providing a peaceful and tranquil atmosphere.
Greer Skateboard Park is a popular outdoor attraction located in a sunny California city. It features a large, open skate park with a variety of ramps, rails, and other obstacles for skateboarders of all skill levels. The park also has a large grassy area with picnic tables and benches, perfect for relaxing and watching the action. The park is well-maintained and offers a safe and fun environment for skateboarders of all ages.
John Lucas Greer Park is a beautiful outdoor area located in the heart of Silicon Valley. It features lush green grass, tall trees, and a tranquil pond. Visitors can enjoy a variety of activities such as walking, jogging, biking, and picnicking. There are also playgrounds, tennis courts, and a basketball court. The park is a great place to relax and take in the beauty of nature.
Bowling Green Park is a lush green space located in the heart of Palo Alto. It features a large grassy area perfect for picnics, a playground for children, and a duck pond. The park also has a variety of trees, shrubs, and flowers, as well as a walking path that winds through the park. The park is a popular spot for locals to relax and enjoy the outdoors.
El Camino Park is a sprawling green space located in a bustling urban area. It features a variety of recreational activities, including a playground, picnic areas, basketball courts, and a large grassy field. The park also has a network of trails that wind through the trees and provide stunning views of the surrounding area. The park is a popular spot for locals and visitors alike, offering a peaceful respite from the hustle and bustle of the city.
Hoover Park is a large, lush green space located in the heart of a bustling city. It features a large pond with a fountain, a playground, picnic tables, and plenty of open grassy areas for visitors to relax and enjoy the outdoors. There are also plenty of walking and biking trails that wind through the park, providing a peaceful escape from the hustle and bustle of the city. The park is also home to a variety of wildlife, including ducks, geese, and other birds.
Lytton Plaza is a popular outdoor gathering spot located in the heart of downtown. It features a large grassy area surrounded by trees, benches, and a fountain. The plaza is a great place to relax, people watch, or enjoy a picnic lunch. It is also home to a variety of events throughout the year, including concerts, festivals, and farmers markets.
The Palo Alto Civic Center is a vibrant public space located in the heart of the city. It features a variety of attractions, including a large park with a pond, a library, a museum, a theater, and a variety of restaurants and shops. The park is a popular spot for outdoor activities such as walking, biking, and picnicking. The library offers a wide selection of books and other media, while the museum houses a variety of art and artifacts. The theater hosts a variety of performances, from plays to concerts. The restaurants and shops provide a variety of dining and shopping options.
Foothills Park is a 1,400-acre nature preserve located in the hills of the San Francisco Bay Area. It features a variety of trails for hiking, biking, and horseback riding, as well as picnic areas, a lake, and a variety of wildlife. The park also offers stunning views of the surrounding hills and valleys, and is a popular spot for birdwatching.
Palo Alto, California area median rent change by ZIP code map
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
How does Palo Alto compare to other cities in California ?
| city | median price |
|---|---|
| Plumas Lake | $2,745 |
| Moorpark | $3,295 |
| Roseville | $2,679 |
| Berkeley | $3,226 |
| San Diego | $3,050 |
| Rancho Mirage | $3,900 |
| Mountain House | $2,900 |
| Santa Maria | $2,830 |
| Dublin | $2,913 |
| Alta Loma | $2,064 |
Average household income in Palo Alto area graph - US Census
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
The median household income in Palo Alto in 2021 was $194,782. This represents a 59.0% change from 2011 when the median was $122,532.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 3.3% |
| 1 | $10,000 to $14,999 | 2.7% |
| 2 | $15,000 to $19,999 | 1.6% |
| 3 | $20,000 to $24,999 | 2.4% |
| 4 | $25,000 to $29,999 | 1.0% |
| 5 | $30,000 to $34,999 | 1.6% |
| 6 | $35,000 to $39,999 | 1.7% |
| 7 | $40,000 to $44,999 | 1.7% |
| 8 | $45,000 to $49,999 | 0.9% |
| 9 | $50,000 to $59,999 | 2.4% |
| 10 | $60,000 to $74,999 | 6.1% |
| 11 | $75,000 to $99,999 | 5.5% |
| 12 | $100,000 to $124,999 | 6.4% |
| 13 | $125,000 to $149,999 | 6.5% |
| 14 | $150,000 to $199,999 | 10.6% |
| 15 | $200,000 or more | 45.6% |
