Most Affordable Neighborhoods in Palo Alto, CA

Some of the cheapest neighborhoods in Palo Alto are Adobe Meadows, Duveneck-St Francis, and College Terrace. These neighborhoods offer some of the lowest rent prices in Palo Alto, making them ideal for renters on a budget. As of March 16, 2025, the average rent in Palo Alto is $2,799, which is 1.7% 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.

Adobe Meadows

Average Rent

$900/Month

TransitScore® Rating

29/100

Units Available

3 Rentals

Adobe Meadows is an affordable neighborhood in Palo Alto with an average rent price of $900. Compare this to the city average of $2,799. Adobe Meadows provides easy access to Menlo College, Stevens Creek Shoreline Nature Study Area, and Stanford University. It’s a somewhat walkable neighborhood with a WalkScore® of 57.

Duveneck-St Francis

Average Rent

$2,475/Month

TransitScore® Rating

26/100

Units Available

2 Rentals

If you’re looking for a great, affordable neighborhood in Palo Alto, Duveneck-St Francis might be the perfect place! It has an average rent price of $2,475, while the city’s average stands at $2,799. Duveneck-St Francis is near Foothill College, Middlefield, Junior Museum and Zoo, and Edgewood Shopping Center.

College Terrace

Average Rent

$2,575/Month

TransitScore® Rating

45/100

Units Available

2 Rentals

College Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in College Terrace is $2,575 while the city average is $2,799. Residents enjoy convenient access to Terman Park, Mountain View Station, and Stanford University. The neighborhood is considered walkable with a WalkScore® of 92.

St Claire Gardens

Average Rent

$2,666/Month

Year-Over-Year Rent Change

0.3%

TransitScore® Rating

38/100

Units Available

18 Rentals

When you’re looking for a great Palo Alto neighborhood on a budget, check out St Claire Gardens. The average rent is $2,666, compared to the city average of $2,799. Rent prices have decreased by 0.3%. St Claire Gardens is convenient to Alma Village, Norman Y Mineta San Jose International, and San Francisco International. The community is somewhat walkable with a WalkScore® of 64.

Greenmeadow

Average Rent

$2,698/Month

Year-Over-Year Rent Change

9.8%

TransitScore® Rating

30/100

Units Available

10 Rentals

Greenmeadow is an affordable neighborhood in Palo Alto with an average rent price of $2,698. Compare this to the city average of $2,799. In the past year, rent prices have decreased by 9.8%. Greenmeadow provides easy access to Bol Park, Stevens Creek Shoreline Nature Study Area, and Terman Park. It’s a walkable neighborhood with a WalkScore® of 83.

Crescent Park

Average Rent

$2,745/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

46/100

Units Available

40 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 $2,745, while the city’s average stands at $2,799. In the last year, prices have increased by 0.8%. Crescent Park is near Moffett Park Station, Seminary Oaks Park, and Gateway 101 Shopping Center.

Charleston Gardens

Average Rent

$2,845/Month

TransitScore® Rating

31/100

Units Available

3 Rentals

Charleston Gardens is a top choice for budget-conscious renters for a variety of reasons. The average rent in Charleston Gardens is $2,845 while the city average is $2,799. Residents enjoy convenient access to Middlefield Station, San Francisco International, and Foothill Coll., Los Altos. The neighborhood is considered walkable with a WalkScore® of 80.

Midtown Palo Alto

Average Rent

$3,163/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

34/100

Units Available

20 Rentals

When you’re looking for a great Palo Alto neighborhood on a budget, check out Midtown Palo Alto. The average rent is $3,163, compared to the city average of $2,799. Rent prices have increased by 2.1%. Midtown Palo Alto is convenient to Whisman Station, Norman Y Mineta San Jose International, and Foothill Coll., Los Altos. The community is somewhat walkable with a WalkScore® of 66.

Ventura

Average Rent

$3,236/Month

Year-Over-Year Rent Change

2.9%

TransitScore® Rating

43/100

Units Available

30 Rentals

Ventura is an affordable neighborhood in Palo Alto with an average rent price of $3,236. Compare this to the city average of $2,799. In the past year, rent prices have increased by 2.9%. Ventura provides easy access to J. Pearce Mitchell Park, Moffett Park Station, and Terman Park. It’s a walkable neighborhood with a WalkScore® of 84.

Charleston Meadow

Average Rent

$3,300/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

43/100

Units Available

7 Rentals

If you’re looking for a great, affordable neighborhood in Palo Alto, Charleston Meadow might be the perfect place! It has an average rent price of $3,300, while the city’s average stands at $2,799. In the last year, prices have increased by 0.8%. Charleston Meadow is near Stanford University, Foothill College, Middlefield, and San Francisco International.

Ready to make your move to Palo Alto? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!

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.