Property prices for rent in Palo Alto (California)

The rent prices in real estate in Palo Alto, in the California region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$3,929.67
Average price last 6 months
$4.22
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Palo Alto has had a strong fall during the last 6 months. In August, the average price per sq.feet was $5.02. In September this price barely changed remaining at $4.79 per sq.feet. The price for the following two months in (October, November) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has fallen 88 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.39 to $3.87 during December, and January.

Average price

When referring to the price in Palo Alto (cities), this has risen in the last 6 months. In our first sample month during August, the average price is $3,654. In September This price remains at $3,596. During the following two months (October, November) the average price had a considerable rise of 115 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,897.75 and $3,993.5 between December and January.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $4,007 they are 36 % more affordable than the average price for Palo Alto . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,788.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.26 / sq.feet, with an average $3.96 / sq.feet price in Palo Alto. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.55 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $4,007 it is 21 % more affordable than the average price in Palo Alto. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $4,116 it is 20 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.43 / sq.feet followed by "House" priced at $4.05 / sq.feet. "Duplex" is the most expensive type of property with a $53 / sq.feet value followed by "Townhouse" with an average price of $27.2 / sq.feet.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Palo Alto
Number of properties used in region California
$4,007
$3.96
3,538
673,284
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Southwood 1 Bedroom Apartment For Rent At 2850 Middlefield Rd, Palo Alto, Ca 94306 Midtown
 13
Southwood 1 Bedroom Apartment For Rent At 2850 Middlefield Rd, Palo Alto, Ca 94306 Midtown
$2,779
Palo Alto, California - For Rent - Apartment - 750 sq.feet - 1 bedroom - 1 bathroom
Southwood apartments in palo alto, ca offers nearby golf courses, tennis... And spacious closets. Residents of southwood apartments in palo alto can relax in the pool...
Oak Creek 2 Bedroom Apartment For Rent At 1600 Sand Hill Rd, Palo Alto, Ca 94304
 17
Oak Creek 2 Bedroom Apartment For Rent At 1600 Sand Hill Rd, Palo Alto, Ca 94304
$5,100
Palo Alto, California - For Rent - Apartment - 942 sq.feet - 2 bedrooms - 1 bathroom
& dryers are available in the building. Welcome to oak creek apartments in palo alto... 101, and 280. Palo altos finest community is distinctively different. Apartment...
 Palo Alto Place 1 Bedroom Apartment For Rent At 565 Arastradero Rd, Palo Alto, Ca 94306
 20
Palo Alto Place 1 Bedroom Apartment For Rent At 565 Arastradero Rd, Palo Alto, Ca 94306
$2,750
Palo Alto, California - For Rent - Apartment - 716 sq.feet - 1 bedroom - 1 bathroom
Palo alto place is conveniently located near stanford university and stanford... Fitness center. Palo alto place’s early-california style building is a quaint four...
Tan Plaza Apartments 3 Bedroom Apartment For Rent At 580 Arastradero Rd, Palo Alto, Ca 943...
 16
Tan Plaza Apartments 3 Bedroom Apartment For Rent At 580 Arastradero Rd, Palo Alto, Ca 943...
$6,424
Palo Alto, California - For Rent - Apartment - 1,650 sq.feet - 3 bedrooms - 3 bathrooms
In the prestigious palo alto unified school district, tan plaza continental is only a short... New home in our beautiful palo alto, ca apartments...
Oak Creek Studio Apartment For Rent At 1600 Sand Hill Rd, Palo Alto, Ca 94304
 18
Oak Creek Studio Apartment For Rent At 1600 Sand Hill Rd, Palo Alto, Ca 94304
$2,390
Palo Alto, California - For Rent - Apartment - 508 sq.feet - 1 bathroom
To oak creek apartments in palo alto, where luxury resides. Twenty-seven acres... Located adjacent to stanford, highways 101, and 280. Palo altos finest community...