Rent in Palo Alto, CA
Across Palo Alto's 6 ZIP codes, a 2-bedroom typically rents for about $3,338 a month, with figures from $2,882–$3,880. The highest typical rent is in 94304 ($3,690) and the lowest in 94303 ($3,136). Owner-occupied homes in Santa Clara County pay about 0.67% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $2,369 | $1,813–$2,920 | 6 |
| 1 bed | $2,809 | $1,888–$3,491 | 6 |
| 2 beds | $3,338 | $2,882–$3,880 | 6 |
| 3 beds | $4,260 | $3,500–$5,210 | 6 |
| 4 beds | $4,545 | $3,500–$5,560 | 6 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Palo Alto ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Palo Alto, CA?
- About $3,338 a month: the median of the typical rents in 6 ZIP codes, which range from $2,882–$3,880. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Palo Alto, CA?
- About $2,809 a month: the median of the typical rents in 6 ZIP codes, which range from $1,888–$3,491. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Palo Alto, CA?
- About $4,260 a month: the median of the typical rents in 6 ZIP codes, which range from $3,500–$5,210. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Palo Alto, CA?
- About $2,369 a month: the median of the typical rents in 6 ZIP codes, which range from $1,813–$2,920. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Palo Alto, CA?
- About $4,545 a month: the median of the typical rents in 6 ZIP codes, which range from $3,500–$5,560. Figures are gross rent (rent plus tenant-paid utilities).
- Which Palo Alto ZIP code has the highest rent?
- For a 2-bedroom, 94304 has the highest typical rent at $3,690 a month, and 94303 the lowest at $3,136.
- What is the property tax rate in Palo Alto, CA?
- Owner-occupied homes in Santa Clara County pay a typical 0.67% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Palo Alto rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).