Most Affordable Neighborhoods in Palo Alto, CA
Some of the cheapest neighborhoods in Palo Alto are Crescent Park, Ventura, and Downtown Palo Alto. These neighborhoods offer some of the lowest rent prices in Palo Alto, making them ideal for renters on a budget. As of August 3, 2025, the average rent in Palo Alto is $2,926, which is 3% 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
$2,655/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
46/100
Units Available
35 Rentals
Crescent Park is an affordable neighborhood in Palo Alto with an average rent price of $2,655. Compare this to the city average of $2,926. In the past year, rent prices have increased by 1%. Crescent Park provides easy access to Mountain View Station, Norman Y Mineta San Jose International, and Gateway 101 Shopping Center. It’s a walkable neighborhood with a WalkScore® of 79.
Ventura
Average Rent
$3,470/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
43/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Palo Alto, Ventura might be the perfect place! It has an average rent price of $3,470, while the city’s average stands at $2,926. In the last year, prices have increased by 2%. Ventura is near Stanford University, Mountain View Station, and Mountain View Station.
Downtown Palo Alto
Average Rent
$4,121/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
55/100
Units Available
28 Rentals
Downtown Palo Alto is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Palo Alto is $4,121 while the city average is $2,926. This is a -0.3% difference from last year. Residents enjoy convenient access to Mountain View Station, Hopkins Creekside Park, and Bayshore Nasa Station. The neighborhood is considered 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.