Most Affordable Neighborhoods in Redwood City, CA
Some of the cheapest neighborhoods in Redwood City are Oak Knoll-Redwood Park, Palm Park, and Centennial. These neighborhoods offer some of the lowest rent prices in Redwood City, making them ideal for renters on a budget. As of January 27, 2025, the average rent in Redwood City is $2,806, which is 0.8% 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.
Oak Knoll-Redwood Park
Average Rent
$2,514/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
0/100
Units Available
14 Rentals
Oak Knoll-Redwood Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oak Knoll-Redwood Park is $2,514 while the city average is $2,806. This is a -3.9% difference from last year. Residents enjoy convenient access to Metro Oakland International, Mountain View Station, and Bayshore/Nasa Station. The neighborhood is considered walkable with a WalkScore® of 86.
Palm Park
Average Rent
$2,520/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
8 Rentals
When you’re looking for a great Redwood City neighborhood on a budget, check out Palm Park. The average rent is $2,520, compared to the city average of $2,806. Rent prices have increased by 0.7%. Palm Park is convenient to College of San Mateo, Woodside Manor Shopping Center, and Red Morton Park. The community is walkable with a WalkScore® of 79.
Centennial
Average Rent
$3,100/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
0/100
Units Available
11 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.
Redwood Shores
Average Rent
$3,251/Month
Units Available
41 Rentals
Redwood Shores is an affordable neighborhood in Redwood City with an average rent price of $3,251. Compare this to the city average of $2,806.
Staumbaugh Heller
Average Rent
$3,305/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
0/100
Units Available
21 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.
Roosevelt
Average Rent
$3,583/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
74 Rentals
Roosevelt is a neighborhood offering access to local parks, schools, and shopping centers. Renters will enjoy the suburban atmosphere and easy access to major roadways. The area is ideal for families and individuals seeking a quiet, community-focused environment.
Downtown Redwood City
Average Rent
$3,584/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
0/100
Units Available
117 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.
Farm Hill
Average Rent
$3,600/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
0/100
Units Available
1 Rentals
If you’re looking for a great, affordable neighborhood in Redwood City, Farm Hill might be the perfect place! It has an average rent price of $3,600, while the city’s average stands at $2,806. In the last year, prices have increased by 0.8%. Farm Hill is near Jefferson Plaza, Community Shopping Center, and Metro Oakland International.
Friendly Acres
Average Rent
$3,866/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
1/100
Units Available
31 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.
West Atherton
Average Rent
$4,216/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
2/100
Units Available
5 Rentals
West Atherton is an upscale neighborhood known for its luxurious homes and tree-lined streets. Renters will enjoy the serene, suburban atmosphere while being close to major shopping centers and recreational activities. The area is perfect for those seeking an exclusive yet affordable 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.