Best 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 December 24, 2025, the average rent in Palo Alto is $3,007, which is 3.1% 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
$2,627/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
46/100
Units Available
35 Rentals
Crescent Park is an affordable neighborhood in Palo Alto with an average rent price of $2,627. Compare this to the city average of $3,007. In the past year, rent prices have increased by 1.7%. Crescent Park provides easy access to Foothill College, Middlefield, Edgewood Shopping Center, and Gamble Garden. It’s a walkable neighborhood with a WalkScore® of 79.
St Claire Gardens
Average Rent
$2,950/Month
Year-Over-Year Rent Change
6.8%
TransitScore® Rating
38/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Palo Alto, St Claire Gardens might be the perfect place! It has an average rent price of $2,950, while the city’s average stands at $3,007. In the last year, prices have increased by 6.8%. St Claire Gardens is near Foothill College, Middlefield, Alma Village, and J. Pearce Mitchell Park.
Stanford University Villa
Average Rent
$2,950/Month
TransitScore® Rating
40/100
Units Available
12 Rentals
Stanford University Villa is a top choice for budget-conscious renters for a variety of reasons. The average rent in Stanford University Villa is $2,950 while the city average is $3,007. Residents enjoy convenient access to Gamble Garden, Foothill Coll., Los Altos, and J. Pearce Mitchell Park. The neighborhood is considered somewhat walkable with a WalkScore® of 63.
Greer Park
Average Rent
$3,056/Month
Units Available
10 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out Greer Park. The average rent is $3,056, compared to the city average of $3,007. Greer Park is convenient to San Francisco International, Whisman Station, and Bayshore/Nasa Station.
Midtown Palo Alto
Average Rent
$3,280/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
34/100
Units Available
17 Rentals
Midtown Palo Alto is an affordable neighborhood in Palo Alto with an average rent price of $3,280. Compare this to the city average of $3,007. In the past year, rent prices have increased by 1.2%. Midtown Palo Alto provides easy access to Rinconada Park, Alma Village, and Menlo College. It’s a somewhat walkable neighborhood with a WalkScore® of 66.
Palo Alto Orchards
Average Rent
$3,430/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
45/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Palo Alto, Palo Alto Orchards might be the perfect place! It has an average rent price of $3,430, while the city’s average stands at $3,007. In the last year, prices have increased by 6.3%. Palo Alto Orchards is near Middlefield Station, Menlo College, and San Francisco International.
Green Acres
Average Rent
$3,430/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
39/100
Units Available
10 Rentals
Green Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Green Acres is $3,430 while the city average is $3,007. This is a 2.5% difference from last year. Residents enjoy convenient access to Whisman Station, J. Pearce Mitchell Park, and Alma Village. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Ventura
Average Rent
$3,605/Month
Year-Over-Year Rent Change
2.1%
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 $3,605, compared to the city average of $3,007. Rent prices have increased by 2.1%. Ventura is convenient to Foothill Coll., Los Altos, San Francisco International, and Bayshore/Nasa Station. The community is walkable with a WalkScore® of 84.
Evergreen Park
Average Rent
$4,135/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
47/100
Units Available
11 Rentals
Evergreen Park is an affordable neighborhood in Palo Alto with an average rent price of $4,135. Compare this to the city average of $3,007. In the past year, rent prices have increased by 3.2%. Evergreen Park provides easy access to Menlo College, Bayshore Nasa Station, and Mountain View Station. It’s a walkable neighborhood with a WalkScore® of 95.
Downtown Palo Alto
Average Rent
$4,290/Month
Year-Over-Year Rent Change
4.5%
TransitScore® Rating
55/100
Units Available
31 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 $4,290, while the city’s average stands at $3,007. In the last year, prices have increased by 4.5%. Downtown Palo Alto is near El Palo Alto Park, Norman Y Mineta San Jose International, and Hopkins Creekside Park.
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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.