Most Affordable Neighborhoods in Palo Alto, CA

Some of the cheapest neighborhoods in Palo Alto are Duveneck-St Francis, College Terrace, and St Claire Gardens. These neighborhoods offer some of the lowest rent prices in Palo Alto, making them ideal for renters on a budget. As of March 24, 2025, the average rent in Palo Alto is $2,797, which is 1.6% 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.

Duveneck-St Francis

Average Rent

$2,525/Month

TransitScore® Rating

26/100

Units Available

2 Rentals

When you’re looking for a great Palo Alto neighborhood on a budget, check out Duveneck-St Francis. The average rent is $2,525, compared to the city average of $2,797. Duveneck-St Francis is convenient to The Environmental Volunteers EcoCenter, Norman Y Mineta San Jose International, and Whisman Station. The community is somewhat walkable with a WalkScore® of 57.

College Terrace

Average Rent

$2,575/Month

TransitScore® Rating

45/100

Units Available

2 Rentals

College Terrace is an affordable neighborhood in Palo Alto with an average rent price of $2,575. Compare this to the city average of $2,797. College Terrace provides easy access to Menlo College, Gamble Garden, and Middlefield Station. It’s a walkable neighborhood with a WalkScore® of 92.

St Claire Gardens

Average Rent

$2,683/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

38/100

Units Available

20 Rentals

If you’re looking for a great, affordable neighborhood in Palo Alto, St Claire Gardens might be the perfect place! It has an average rent price of $2,683, while the city’s average stands at $2,797. In the last year, prices have decreased by 0.4%. St Claire Gardens is near Foothill College, Middlefield, Rinconada Park, and San Francisco International.

Crescent Park

Average Rent

$2,747/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

46/100

Units Available

39 Rentals

Crescent Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Crescent Park is $2,747 while the city average is $2,797. This is a 0.8% difference from last year. Residents enjoy convenient access to San Francisco International, Bayshore/Nasa Station, and Whisman Station. The neighborhood is considered walkable with a WalkScore® of 79.

Greenmeadow

Average Rent

$2,769/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

30/100

Units Available

11 Rentals

When you’re looking for a great Palo Alto neighborhood on a budget, check out Greenmeadow. The average rent is $2,769, compared to the city average of $2,797. Rent prices have increased by 0.8%. Greenmeadow is convenient to Bayshore/Nasa Station, Terman Park, and Esther Clark Nature Preserve. The community is walkable with a WalkScore® of 83.

Charleston Gardens

Average Rent

$2,845/Month

TransitScore® Rating

31/100

Units Available

1 Rentals

Charleston Gardens is an affordable neighborhood in Palo Alto with an average rent price of $2,845. Compare this to the city average of $2,797. Charleston Gardens provides easy access to San Francisco International, Moffett Park Station, and Bol Park. It’s a walkable neighborhood with a WalkScore® of 80.

Midtown Palo Alto

Average Rent

$3,152/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

34/100

Units Available

22 Rentals

If you’re looking for a great, affordable neighborhood in Palo Alto, Midtown Palo Alto might be the perfect place! It has an average rent price of $3,152, while the city’s average stands at $2,797. In the last year, prices have increased by 2.1%. Midtown Palo Alto is near Junior Museum and Zoo, Norman Y Mineta San Jose International, and Stanford University.

Ventura

Average Rent

$3,211/Month

Year-Over-Year Rent Change

2.7%

TransitScore® Rating

43/100

Units Available

32 Rentals

Ventura is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ventura is $3,211 while the city average is $2,797. This is a 2.7% difference from last year. Residents enjoy convenient access to Middlefield Station, Bol Park, and Norman Y Mineta San Jose International. The neighborhood is considered walkable 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

When you’re looking for a great Palo Alto neighborhood on a budget, check out Charleston Meadow. The average rent is $3,300, compared to the city average of $2,797. Rent prices have increased by 0.8%. Charleston Meadow is convenient to Gamble Garden, J. Pearce Mitchell Park, and Bol Park. The community is walkable with a WalkScore® of 77.

Barron Park

Average Rent

$3,395/Month

Year-Over-Year Rent Change

4.1%

TransitScore® Rating

41/100

Units Available

2 Rentals

Barron Park is an affordable neighborhood in Palo Alto with an average rent price of $3,395. Compare this to the city average of $2,797. In the past year, rent prices have increased by 4.1%. Barron Park provides easy access to Moffett Park Station, Alma Village, and Bol Park. It’s a walkable neighborhood with a WalkScore® of 84.

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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.