Long-term Rental Rates — June 2026 · ZIPs: 94025,94027,94301
Local market data by Estaite
As of June 2026, rental prices in Palo Alto / Menlo Park, CA range from $3,240 to $6,467 per month depending on property type and bedroom count.
The largest year-over-year rent increase was for 1BR apartments, which grew 9.74%.
For 3-bedroom units, single-family homes have the highest median rent at $6,074, compared to $5,664 for condos/townhomes and $5,847 for apartments.
What is the typical rent range in Palo Alto / Menlo Park, CA as of June 2026?
Rents in Palo Alto / Menlo Park, CA range from $3,240 for a 1BR apartment up to $6,467 for a 4BR single-family home as of June 2026.
How much more does a single-family home typically cost compared to a condo/townhome for a 4-bedroom in Palo Alto / Menlo Park, CA?
As of June 2026, the median rent for a 4BR single-family home is $6,467, which is $607 higher than the $5,860 median rent for a 4BR condo/townhome.
Which rental segment had the biggest month-over-month rent change in Palo Alto / Menlo Park, CA?
The largest month-over-month increase was for 1BR condos/townhomes, which rose 13.00% in June 2026.
What is the rent premium between a 2BR condo/townhome and a 2BR apartment in Palo Alto / Menlo Park, CA?
In June 2026, 2BR condos/townhomes rent for $4,679, which is $783 more than the $3,896 rent for 2BR apartments.
Palo Alto / Menlo Park, CA
June 2026
94025,94027,94301
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,061 – $3,418
12.30%
9.74%
2-Bedroom
$3,662 – $4,130
1.18%
2.54%
3-Bedroom
$5,496 – $6,198
0.16%
6.52%
4-Bedroom
$5,637 – $6,025
1.63%
4.25%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,347 – $3,663
13.00%
7.80%
2-Bedroom
$4,468 – $4,890
1.52%
6.39%
3-Bedroom
$5,409 – $5,919
0.17%
6.21%
4-Bedroom
$5,730 – $6,106
1.51%
4.24%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,358 – $3,616
-7.76%
-3.48%
2-Bedroom
$4,451 – $4,842
3.54%
5.45%
3-Bedroom
$5,710 – $6,439
2.61%
9.70%
4-Bedroom
$6,098 – $6,835
1.87%
3.14%
Data updated: July 19, 2026
In the Palo Alto / Menlo Park (94025, 94027, 94301) rental market, 1-bedroom apartments reached a median rent of $3,217, increasing by 6.2% month-over-month and 11.5% year-over-year. This segment posted both the sharpest monthly and annual gains for apartments, reflecting notable rental appreciation for smaller units in April 2026.
For 2-bedroom units in Palo Alto / Menlo Park (94025, 94027, 94301), condos averaged $4,507, leading 2-bedroom apartments at $3,894 by $613. These condos also showed a larger year-over-year increase at 6.8%, compared with a 2.3% gain for apartments in the same segment.
With a 2.5% month-over-month rent increase, Palo Alto / Menlo Park (94025, 94027, 94301) rental trends reveal that 4-bedroom single-family homes now average $6,371. This represents the largest monthly gain among multi-bedroom rentals, with a 4.4% climb year-over-year for this property type.