Best Affordable Neighborhoods in Palo Alto, CA
Some of the cheapest neighborhoods in Palo Alto are Greer Park, Midtown Palo Alto, and Palo Alto Orchards. These neighborhoods offer some of the lowest rent prices in Palo Alto, making them ideal for renters on a budget. As of February 7, 2026, the average rent in Palo Alto is $3,019, which is 3.2% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Greer Park
Average Rent
$3,040/Month
Units Available
10 Rentals
Greer Park is an affordable neighborhood in Palo Alto with an average rent price of $3,040. Compare this to the city average of $3,019. Greer Park provides easy access to Foothill Coll., Los Altos, Norman Y Mineta San Jose International, and Edgewood Shopping Center.
Midtown Palo Alto
Average Rent
$3,281/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
34/100
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Palo Alto, Midtown Palo Alto might be the perfect place! It has an average rent price of $3,281, while the city’s average stands at $3,019. In the last year, prices have increased by 2%. Midtown Palo Alto is near Mountain View Station, Norman Y Mineta San Jose International, and Gamble Garden.
Palo Alto Orchards
Average Rent
$3,475/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
45/100
Units Available
10 Rentals
Palo Alto Orchards is a top choice for budget-conscious renters for a variety of reasons. The average rent in Palo Alto Orchards is $3,475 while the city average is $3,019. This is a 3.3% difference from last year. Residents enjoy convenient access to Bol Park, San Francisco International, and 630 - 646 San Antonio Rd. The neighborhood is considered walkable with a WalkScore® of 71.
Green Acres
Average Rent
$3,475/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
39/100
Units Available
10 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out Green Acres. The average rent is $3,475, compared to the city average of $3,019. Rent prices have increased by 1.7%. Green Acres is convenient to Menlo College, Alma Village, and Mountain View Station. The community is somewhat walkable with a WalkScore® of 66.
Downtown Palo Alto
Average Rent
$4,293/Month
Year-Over-Year Rent Change
7.1%
TransitScore® Rating
55/100
Units Available
30 Rentals
Downtown Palo Alto is an affordable neighborhood in Palo Alto with an average rent price of $4,293. Compare this to the city average of $3,019. In the past year, rent prices have increased by 7.1%. Downtown Palo Alto provides easy access to Foothill College, Middlefield, Canada College, and El Palo Alto Park. It’s a walkable neighborhood with a WalkScore® of 94.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.