Rent in Portola Valley, CA
A 2-bedroom in Portola Valley, CA (ZIP 94028) typically rents for about $3,645 a month, with a range of $3,500–$3,790. Owner-occupied homes in San Mateo County pay about 0.61% 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 | $2,700 | $2,574–$2,700 | 1 |
| 1 bed | $3,310 | $3,120–$3,500+ | 1 |
| 2 beds | $3,645 | $3,500–$3,790 | 1 |
| 3 beds | $4,250 | $3,500–$5,000 | 1 |
| 4 beds | $5,540 | $5,439–$5,540 | 1 |
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).
Portola Valley ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Portola Valley, CA?
- About $3,645 a month: the median of the typical rents in 1 ZIP code, which range from $3,500–$3,790. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Portola Valley, CA?
- About $3,310 a month: the median of the typical rents in 1 ZIP code, which range from $3,120–$3,500+. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Portola Valley, CA?
- About $4,250 a month: the median of the typical rents in 1 ZIP code, which range from $3,500–$5,000. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Portola Valley, CA?
- About $2,700 a month: the median of the typical rents in 1 ZIP code, which range from $2,574–$2,700. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Portola Valley, CA?
- About $5,540 a month: the median of the typical rents in 1 ZIP code, which range from $5,439–$5,540. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Portola Valley, CA?
- Owner-occupied homes in San Mateo County pay a typical 0.61% 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 Portola Valley 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).