Property prices for rent in Palo Alto (California)

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

$5,311.17
Average price last 6 months
$4.25
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Palo Alto has fallen during the last 6 months. In May, the average price per sq.feet was $4.54. In June this price barely changed remaining at $4.37 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $4.45 to $4.3 per sq.feet. The price per sq.feet has fallen 91 % 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 $4.38 to $3.99 during September, and October.

Average price

When referring to the price in Palo Alto (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $4,140. During June the price went through a considerable rise reaching $5,042. During the following two months (July, August) the average price had a considerable rise of 120 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 115 % during the last two months.

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 $5,988 they are 52 % more affordable than the average price for Palo Alto . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,766.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.65 / sq.feet, with an average $3.99 / sq.feet price in Palo Alto. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.99 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $5,988 it is 47 % more affordable than the average price in Palo Alto. "Duplex" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $4,191 it is 7 % more affordable than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.73 / sq.feet followed by "House" priced at $3.92 / sq.feet. "Duplex" is the most expensive type of property with a $32 / sq.feet value followed by "Apartment" with an average price of $3.97 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in Palo Alto
Number of properties used in region California
$5,988
$3.99
2,260
666,122
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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3br 1400ft² Completely Remodeled Luxury Apartment To Rent In Palo Alto, California
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