Most Affordable Neighborhoods in Redwood City, CA
Some of the cheapest neighborhoods in Redwood City are Palm Park, Woodside Plaza, and Oak Knoll-Redwood Park. These neighborhoods offer some of the lowest rent prices in Redwood City, making them ideal for renters on a budget. As of March 25, 2025, the average rent in Redwood City is $2,872, which is 3.1% 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.
Palm Park
Average Rent
$2,481/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
0/100
Units Available
7 Rentals
Palm Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Palm Park is $2,481 while the city average is $2,872. This is a 1.8% difference from last year. Residents enjoy convenient access to Five Points Center, Middlefield Station, and Mountain View Station. The neighborhood is considered walkable with a WalkScore® of 79.
Woodside Plaza
Average Rent
$2,495/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
1 Rentals
When you’re looking for a great Redwood City neighborhood on a budget, check out Woodside Plaza. The average rent is $2,495, compared to the city average of $2,872. Rent prices have increased by 1%. Woodside Plaza is convenient to Moffett Park Station, Norman Y Mineta San Jose International, and Red Morton Park. The community is walkable with a WalkScore® of 73.
Oak Knoll-Redwood Park
Average Rent
$2,867/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
12 Rentals
Oak Knoll-Redwood Park is an affordable neighborhood in Redwood City with an average rent price of $2,867. Compare this to the city average of $2,872. In the past year, rent prices have decreased by 0.4%. Oak Knoll-Redwood Park provides easy access to Red Morton Park, Menlo College, and Community Shopping Center. It’s a walkable neighborhood with a WalkScore® of 86.
Centennial
Average Rent
$3,086/Month
Year-Over-Year Rent Change
5.6%
TransitScore® Rating
0/100
Units Available
13 Rentals
Centennial is a centrally located neighborhood known for its proximity to downtown Redwood City and local amenities. Renters will enjoy the walkability, with easy access to dining, shopping, and entertainment. The area is ideal for those seeking a beautiful, urban lifestyle in the heart of the city.
Staumbaugh Heller
Average Rent
$3,101/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
0/100
Units Available
18 Rentals
Staumbaugh Heller is a charming neighborhood offering a mix of residential homes and local parks. Renters will appreciate the proximity to downtown Redwood City, with easy access to dining, shopping, and entertainment. The area is perfect for those seeking a quiet, community-oriented lifestyle close to urban amenities.
Redwood Shores
Average Rent
$3,261/Month
Units Available
30 Rentals
If you’re looking for a great, affordable neighborhood in Redwood City, Redwood Shores might be the perfect place! It has an average rent price of $3,261, while the city’s average stands at $2,872.
Redwood Village
Average Rent
$3,491/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
0/100
Units Available
17 Rentals
Redwood Village is a neighborhood featuring spacious homes and access to local parks and schools. Renters will enjoy the suburban feel and proximity to shopping and dining options along Woodside Road. The area is ideal for any renter seeking a peaceful, suburban environment.
Baylands
Average Rent
$3,644/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
15/100
Units Available
224 Rentals
Baylands is a top choice for budget-conscious renters for a variety of reasons. The average rent in Baylands is $3,644 while the city average is $2,872. This is a 0.7% difference from last year. Residents enjoy convenient access to Seminary Oaks Park, Metro Oakland International, and Bayfront Park. The neighborhood is considered car-dependent with a WalkScore® of 45.
Downtown Redwood City
Average Rent
$3,669/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
0/100
Units Available
132 Rentals
Downtown Redwood City is the cultural hub of the city, offering a lively mix of restaurants, shops, and entertainment venues. Renters will enjoy the walkable streets, historic charm, and proximity to public transportation. The area is perfect for those seeking an active, urban lifestyle.
Friendly Acres
Average Rent
$3,669/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
1/100
Units Available
34 Rentals
Friendly Acres is a welcoming neighborhood offering affordable housing and proximity to local parks, schools, and shopping centers. Renters will appreciate the community vibe and easy access to major highways. The area is ideal for families and individuals seeking a convenient suburban lifestyle.
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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.