Most Affordable Neighborhoods in Palo Alto, CA
Some of the cheapest neighborhoods in Palo Alto are Crescent Park, Midtown Palo Alto, and Ventura. These neighborhoods offer some of the lowest rent prices in Palo Alto, making them ideal for renters on a budget. As of September 25, 2025, the average rent in Palo Alto is $2,959, which is 2.7% 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
$2,643/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
46/100
Units Available
35 Rentals
If you’re looking for a great, affordable neighborhood in Palo Alto, Crescent Park might be the perfect place! It has an average rent price of $2,643, while the city’s average stands at $2,959. In the last year, prices have increased by 1.2%. Crescent Park is near Mountain View Station, Whisman Station, and Stanford University.
Midtown Palo Alto
Average Rent
$3,193/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
34/100
Units Available
22 Rentals
Midtown Palo Alto is a top choice for budget-conscious renters for a variety of reasons. The average rent in Midtown Palo Alto is $3,193 while the city average is $2,959. This is a 1.7% difference from last year. Residents enjoy convenient access to San Francisco International, Bayshore/Nasa Station, and Rinconada Park. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Ventura
Average Rent
$3,521/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
43/100
Units Available
20 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out Ventura. The average rent is $3,521, compared to the city average of $2,959. Rent prices have increased by 2.4%. Ventura is convenient to Rinconada Park, Foothill College, Middlefield, and Menlo College. The community is walkable with a WalkScore® of 84.
Evergreen Park
Average Rent
$3,961/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
47/100
Units Available
12 Rentals
Evergreen Park is an affordable neighborhood in Palo Alto with an average rent price of $3,961. Compare this to the city average of $2,959. In the past year, rent prices have increased by 2.4%. Evergreen Park provides easy access to Foothill Coll., Los Altos, Bayshore Nasa Station, and Mountain View Station. It’s a walkable neighborhood with a WalkScore® of 95.
Downtown Palo Alto
Average Rent
$4,080/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
55/100
Units Available
28 Rentals
If you’re looking for a great, affordable neighborhood in Palo Alto, Downtown Palo Alto might be the perfect place! It has an average rent price of $4,080, while the city’s average stands at $2,959. In the last year, prices have increased by 1.7%. Downtown Palo Alto is near Gamble Garden, Junior Museum and Zoo, and Stanford Shopping Center.
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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.