Average Rent in Downtown Menlo Park, Menlo Park, CA

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Current Versus Historical Downtown Menlo Park, Menlo Park, CA Rents

Downtown Menlo Park rentals average $2,275 for a studio. The median price of all currently available listings is $2,275, or roughly $3 per square feet.

For the apartment units and housing in May 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $442 (24.14%) year-over-year from $1,833 to $2,275. 1-bedroom rentals prices have decreased by $887 (-26.22%) year-over-year from $3,382 to $2,495. 2-bedroom rentals prices have decreased by $330 (-8.84%) year-over-year from $3,730 to $3,400. 3-bedroom rentals prices have increased by $1,117 (20.74%) year-over-year from $5,383 to $6,500. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $7,250 to $7,250. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.12% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.92% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.81	$2,275	$1,833 (24.14%)	$2,131 (6.74%)

Historical Rents in Downtown Menlo Park, Menlo Park, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Menlo Park

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Downtown Menlo Park

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Downtown Menlo Park

There are a total of 1 counties located by Downtown Menlo Park, Menlo Park, CA. One county in the area is San Mateo, CA. The average rent for rentals in these counties is $4,158. That's roughly around $49 per sqft. The county that is the most affordable is San Mateo, CA. Its average rent per month is $4,158. Vice versa, with an average rent of $4,158, San Mateo, CA is the most expensive county by Downtown Menlo Park, Menlo Park, CA.

Typically, rent for studios in Downtown Menlo Park, Menlo Park, CA is on par with the other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
San Mateo, CA	$2,275	$3,000	$4,413	$4,158

Top Zipcodes Near Downtown Menlo Park

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Downtown Menlo Park Average Rents

What is the average rent price in Downtown Menlo Park, Menlo Park, CA?

The average monthly rental price for Downtown Menlo Park, Menlo Park, CA apartments for rent is approximately $2,275. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Menlo Park, Menlo Park, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown Menlo Park, Menlo Park, CA.

How much is a studio apartment in Downtown Menlo Park, Menlo Park, CA?

The average monthly rental price for studio apartments is $2,275 and an average price per square feet of $2.81. There are a total of 1 studio apartment listings currently available for rent in Downtown Menlo Park.

How have rent prices in Downtown Menlo Park, Menlo Park, CA changed this year?

Rent prices for rentals in Downtown Menlo Park, Menlo Park, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.24%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by -0.09%, three bedroom rental prices have changed by 0.21% year-over-year.

What is a reasonable rent price in Downtown Menlo Park, Menlo Park, CA?

A reasonable rent price in Downtown Menlo Park, Menlo Park, CA is around $1,820/month. You can search for these reasonably priced rental listings on RentHop.