Most Affordable Neighborhoods in Palo Alto, CA
Some of the cheapest neighborhoods in Palo Alto are Crescent Park, St Claire Gardens, and Stanford University Villa. These neighborhoods offer some of the lowest rent prices in Palo Alto, making them ideal for renters on a budget. As of June 18, 2025, the average rent in Palo Alto is $2,923, which is 1.5% 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.
Crescent Park
Average Rent
$2,631/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
46/100
Units Available
36 Rentals
Crescent Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Crescent Park is $2,631 while the city average is $2,923. This is a 0.9% difference from last year. Residents enjoy convenient access to Hopkins Creekside Park, Town & Country Village, and Seminary Oaks Park. The neighborhood is considered walkable with a WalkScore® of 79.
St Claire Gardens
Average Rent
$2,795/Month
Year-Over-Year Rent Change
9.6%
TransitScore® Rating
38/100
Units Available
11 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out St Claire Gardens. The average rent is $2,795, compared to the city average of $2,923. Rent prices have increased by 9.6%. St Claire Gardens is convenient to J. Pearce Mitchell Park, Charleston Shopping Center, and Whisman Station. The community is somewhat walkable with a WalkScore® of 64.
Stanford University Villa
Average Rent
$2,795/Month
TransitScore® Rating
40/100
Units Available
11 Rentals
Stanford University Villa is an affordable neighborhood in Palo Alto with an average rent price of $2,795. Compare this to the city average of $2,923. Stanford University Villa provides easy access to Norman Y Mineta San Jose International, Terman Park, and Village Court. It’s a somewhat walkable neighborhood with a WalkScore® of 63.
Midtown Palo Alto
Average Rent
$3,122/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
34/100
Units Available
12 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 $3,122, while the city’s average stands at $2,923. In the last year, prices have increased by 0.4%. Midtown Palo Alto is near Norman Y Mineta San Jose International, San Francisco International, and Charleston Shopping Center.
Ventura
Average Rent
$3,321/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
43/100
Units Available
24 Rentals
Ventura is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ventura is $3,321 while the city average is $2,923. This is a 2.3% difference from last year. Residents enjoy convenient access to Bayshore/Nasa Station, San Francisco International, and Foothill College, Middlefield. The neighborhood is considered walkable with a WalkScore® of 84.
Downtown Palo Alto
Average Rent
$4,342/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
55/100
Units Available
29 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out Downtown Palo Alto. The average rent is $4,342, compared to the city average of $2,923. Rent prices have decreased by 0.2%. Downtown Palo Alto is convenient to Town & Country Village, Norman Y Mineta San Jose International, and Whisman Station. The community is walkable 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.