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
If you’re looking for a great, affordable neighborhood in Palo Alto, Adobe Meadows might be the perfect place! It has an average rent price of $900, while the city’s average stands at $2,799. Adobe Meadows is near Moffett Park Station, Foothill College, Middlefield, and J. Pearce Mitchell Park.
Duveneck-St Francis
Average Rent
$2,475/Month
TransitScore® Rating
26/100
Units Available
2 Rentals
Duveneck-St Francis is a top choice for budget-conscious renters for a variety of reasons. The average rent in Duveneck-St Francis is $2,475 while the city average is $2,799. Residents enjoy convenient access to Gamble Garden, Norman Y Mineta San Jose International, and Baylands Preserve. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
College Terrace
Average Rent
$2,575/Month
TransitScore® Rating
45/100
Units Available
2 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out College Terrace. The average rent is $2,575, compared to the city average of $2,799. College Terrace is convenient to San Francisco International, Menlo College, and Junior Museum and Zoo. The community is 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
St Claire Gardens is an affordable neighborhood in Palo Alto with an average rent price of $2,666. Compare this to the city average of $2,799. In the past year, rent prices have decreased by 0.3%. St Claire Gardens provides easy access to Mountain View Station, Stanford University, and Menlo College. It’s a somewhat walkable neighborhood 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
If you’re looking for a great, affordable neighborhood in Palo Alto, Greenmeadow might be the perfect place! It has an average rent price of $2,698, while the city’s average stands at $2,799. In the last year, prices have decreased by 9.8%. Greenmeadow is near Foothill College, Middlefield, Bayshore/Nasa Station, and Whisman Station.
Crescent Park
Average Rent
$2,745/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
46/100
Units Available
40 Rentals
Crescent Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Crescent Park is $2,745 while the city average is $2,799. This is a 0.8% difference from last year. Residents enjoy convenient access to Seminary Oaks Park, Mountain View Station, and Hopkins Creekside Park. The neighborhood is considered walkable with a WalkScore® of 79.
Charleston Gardens
Average Rent
$2,845/Month
TransitScore® Rating
31/100
Units Available
3 Rentals
When you’re looking for a great Palo Alto neighborhood on a budget, check out Charleston Gardens. The average rent is $2,845, compared to the city average of $2,799. Charleston Gardens is convenient to Whisman Station, Mountain View Station, and Terman Park. The community is 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
Midtown Palo Alto is an affordable neighborhood in Palo Alto with an average rent price of $3,163. Compare this to the city average of $2,799. In the past year, rent prices have increased by 2.1%. Midtown Palo Alto provides easy access to Foothill College, Middlefield, Whisman Station, and Bayshore/Nasa Station. It’s a somewhat walkable neighborhood 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
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 $3,236, while the city’s average stands at $2,799. In the last year, prices have increased by 2.9%. Ventura is near Gamble Garden, Menlo College, and Rinconada Park.
Charleston Meadow
Average Rent
$3,300/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
43/100
Units Available
7 Rentals
Charleston Meadow is a top choice for budget-conscious renters for a variety of reasons. The average rent in Charleston Meadow is $3,300 while the city average is $2,799. This is a 0.8% difference from last year. Residents enjoy convenient access to Charleston Shopping Center, Mountain View Station, and Alma Village. The neighborhood is considered walkable with a WalkScore® of 77.
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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.