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.
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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.