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 Stanford University, The Environmental Volunteers EcoCenter, and Bol 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 Mountain View Station, Moffett Park Station, and Junior Museum and Zoo. 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 Junior Museum and Zoo, Whisman Station, and Terman Park. 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 Whisman Station, Gamble Garden, and Charleston Shopping Center. 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 Terman Park, Whisman Station, and San Francisco International.

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 Stanford University, Town & Country Village, and Gateway 101 Shopping Center. 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 Norman Y Mineta San Jose International, Mountain View Station, and Stevens Creek Shoreline Nature Study Area. 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 Menlo College, Bayshore/Nasa Station, and Rinconada Park. 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 Menlo College, Village Court, and Middlefield Station.

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 Bol Park, Alma Village, and Middlefield Station. 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.