Best Affordable Neighborhoods in Redwood City, CA
Some of the cheapest neighborhoods in Redwood City are Palm Park, Oak Knoll-Redwood Park, and Staumbaugh Heller. These neighborhoods offer some of the lowest rent prices in Redwood City, making them ideal for renters on a budget. As of May 9, 2026, the average rent in Redwood City is $3,035, 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.
Palm Park
Average Rent
$2,781/Month
Units Available
10 Rentals
When you’re looking for a great Redwood City neighborhood on a budget, check out Palm Park. The average rent is $2,781, compared to the city average of $3,035. Rent prices have decreased by 0%. Palm Park is convenient to Five Points Center, Metro Oakland International, and San Francisco International.
Oak Knoll-Redwood Park
Average Rent
$2,952/Month
Year-Over-Year Rent Change
5.9%
Units Available
10 Rentals
Oak Knoll-Redwood Park is an affordable neighborhood in Redwood City with an average rent price of $2,952. Compare this to the city average of $3,035. In the past year, rent prices have increased by 5.9%. Oak Knoll-Redwood Park provides easy access to Jefferson Plaza, College of San Mateo, and Menlo College.
Staumbaugh Heller
Average Rent
$3,116/Month
Year-Over-Year Rent Change
5%
Units Available
24 Rentals
Staumbaugh Heller is a charming neighborhood offering a mix of residential homes and local parks. Renters will appreciate the proximity to downtown Redwood City, with easy access to dining, shopping, and entertainment. The area is perfect for those seeking a quiet, community-oriented lifestyle close to urban amenities.
Lakeshore Townhomes
Average Rent
$3,349/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Redwood City, Lakeshore Townhomes might be the perfect place! It has an average rent price of $3,349, while the city’s average stands at $3,035. Lakeshore Townhomes is near Redwood Shores Marketplace, Edgewater Place, and Terminal 3.
Redwood Shores
Average Rent
$3,474/Month
Units Available
15 Rentals
Redwood Shores is a top choice for budget-conscious renters for a variety of reasons. The average rent in Redwood Shores is $3,474 while the city average is $3,035.
Redwood Oaks
Average Rent
$3,606/Month
Year-Over-Year Rent Change
4.3%
Units Available
13 Rentals
Redwood Oaks is a peaceful, residential neighborhood known for its spacious homes and access to local parks and schools. Renters will enjoy the quiet streets and suburban atmosphere while being close to downtown Redwood City. The area is perfect for families and individuals seeking a serene environment.
Baylands
Average Rent
$3,697/Month
Year-Over-Year Rent Change
0.8%
Units Available
144 Rentals
When you’re looking for a great Redwood City neighborhood on a budget, check out Baylands. The average rent is $3,697, compared to the city average of $3,035. Rent prices have decreased by 0.8%. Baylands is convenient to San Francisco International, SYUFY SITE, and Metro Oakland International.
Friendly Acres
Average Rent
$3,724/Month
Year-Over-Year Rent Change
0.5%
Units Available
35 Rentals
Friendly Acres is a welcoming neighborhood offering affordable housing and proximity to local parks, schools, and shopping centers. Renters will appreciate the community vibe and easy access to major highways. The area is ideal for families and individuals seeking a convenient suburban lifestyle.
Centennial
Average Rent
$3,760/Month
Year-Over-Year Rent Change
3.1%
Units Available
12 Rentals
Centennial is a centrally located neighborhood known for its proximity to downtown Redwood City and local amenities. Renters will enjoy the walkability, with easy access to dining, shopping, and entertainment. The area is ideal for those seeking a beautiful, urban lifestyle in the heart of the city.
Downtown Redwood City
Average Rent
$4,149/Month
Year-Over-Year Rent Change
3.5%
Units Available
90 Rentals
Downtown Redwood City is the cultural hub of the city, offering a lively mix of restaurants, shops, and entertainment venues. Renters will enjoy the walkable streets, historic charm, and proximity to public transportation. The area is perfect for those seeking an active, urban lifestyle.
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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.