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Average Rent in Midtown Palo Alto, Palo Alto, CA

Home  »  CA  »  Palo Alto  »  Midtown Palo Alto

Current Versus Historical Midtown Palo Alto, Palo Alto, CA Rents

Midtown Palo Alto rentals average $0 for a 4-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $11,000, or roughly $5 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $5 (-0.26%) year-over-year from $1,805 to $1,800. 1-bedroom rentals prices have increased by $400 (12.49%) year-over-year from $3,199 to $3,598. 2-bedroom rentals prices have decreased by $214 (-4.99%) year-over-year from $4,290 to $4,076. 3-bedroom rentals prices have decreased by $394 (-6.26%) year-over-year from $6,295 to $5,901. 4-bedroom rentals prices have increased by $2,083 (23.36%) year-over-year from $8,917 to $11,000. 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 down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 5.03% this month. 3-bedroom rents have gone down by 11.50% this month. 4-bedroom rents have gone up by 7.50% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)

Historical Rents in Midtown Palo Alto, Palo Alto, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Midtown Palo Alto

There are a total of 1 cities nearby Midtown Palo Alto. The average rent in Midtown Palo Alto is currently $2,854 per month. Only one city nearby has an average rent lower than that. Our records show that Santa Clara, CA, with an average rent of $2,854, is the most affordable city nearby. In contrast, the most expensive city near Midtown Palo Alto, Palo Alto, CA is Santa Clara, CA. Monthly rents here are on average $2,854 per month.

Let's compare Midtown Palo Alto, Palo Alto, CA's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in Midtown Palo Alto, Palo Alto, CA are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 1 cities near Midtown Palo Alto, Palo Alto, CA in the following chart.
City Studio 1 Bed 2 Bed All
Santa Clara, CA N/A $2,410 $3,547 $2,854

Top Neighborhoods Near Midtown Palo Alto



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Midtown Palo Alto

The average rent for rentals in these counties is $3,357. That's roughly around $4 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is San Mateo, CA. It's average rent per month is $3,357. Vice versa, with an average rent of $3,357, San Mateo, CA is the most expensive county by Midtown Palo Alto, Palo Alto, CA.

Typically, rent for studios in Midtown Palo Alto, Palo Alto, CA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Midtown Palo Alto, Palo Alto, CA is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Midtown Palo Alto, Palo Alto, CA is inf% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
San Mateo, CA $2,556 $2,836 $3,694 $3,357

Top Zipcodes Near Midtown Palo Alto



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Midtown Palo Alto Average Rents

What is the average rent price in Midtown Palo Alto, Palo Alto, CA?
The average monthly rental price for Midtown Palo Alto, Palo Alto, CA apartments for rent is approximately $11,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Midtown Palo Alto, Palo Alto, 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 Midtown Palo Alto, Palo Alto, CA.
How much is a studio apartment in Midtown Palo Alto, Palo Alto, CA?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Midtown Palo Alto.
How much is a one bedroom apartment in Midtown Palo Alto, Palo Alto, CA?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Midtown Palo Alto.
How much is a two bedroom apartment in Midtown Palo Alto, Palo Alto, CA?
The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 two bedroom apartment listings currently available for rent in Midtown Palo Alto.
How have rent prices in Midtown Palo Alto, Palo Alto, CA changed this year?
Rent prices for rentals in Midtown Palo Alto, Palo Alto, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.12%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by -0.06% year-over-year.
What is a reasonable rent price in Midtown Palo Alto, Palo Alto, CA?
A reasonable rent price in Midtown Palo Alto, Palo Alto, CA is around $8,800/month. You can search for these reasonably priced rental listings on RentHop.
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