Long-term Rental Rates — April 2026 · ZIPs: 94025,94027,94301
Local market data by Estaite
As of April 2026, rental prices in Palo Alto / Menlo Park, CA range from $3,217 to $6,371 per month depending on property type and bedroom count.
The largest year-over-year increase is seen in 1BR apartment rents, which rose 11.53% in Palo Alto / Menlo Park, CA compared to April 2025.
For 3BR units, single-family homes command a median rent of $5,880, outpacing apartments at $5,708 and condos/townhomes at $5,648.
What are the typical rent levels in Palo Alto / Menlo Park, CA as of April 2026?
Median rents range from $3,217 for a 1BR apartment to $6,371 for a 4BR single-family home in Palo Alto / Menlo Park, CA as of April 2026.
How much do single-family homes cost compared to apartments for the same bedroom count in Palo Alto / Menlo Park, CA?
For 4BR units, single-family homes are priced at $6,371 per month, while apartments cost $5,617 per month—a premium of $754 in Palo Alto / Menlo Park, CA for April 2026.
Which property and bedroom combination is the most expensive in Palo Alto / Menlo Park, CA?
The highest median rent in Palo Alto / Menlo Park, CA is for 4BR single-family homes at $6,371 per month in April 2026.
What is the rent premium for single-family homes over condos/townhomes for the same bedroom count in Palo Alto / Menlo Park, CA?
For 3BR units, single-family homes cost $5,880 per month, while condos/townhomes cost $5,648, resulting in a $232 premium for single-family homes in Palo Alto / Menlo Park, CA as of April 2026.
Palo Alto / Menlo Park, CA
April 2026
94025,94027,94301
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,040 – $3,394
6.19%
11.53%
2-Bedroom
$3,660 – $4,127
-0.10%
2.30%
3-Bedroom
$5,451 – $5,965
1.55%
8.28%
4-Bedroom
$5,535 – $5,853
0.79%
3.80%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,238 – $3,487
-0.61%
5.99%
2-Bedroom
$4,305 – $4,710
1.74%
6.76%
3-Bedroom
$5,394 – $5,902
-0.01%
6.34%
4-Bedroom
$5,631 – $5,940
0.65%
4.12%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,380 – $3,625
-5.07%
-0.74%
2-Bedroom
$4,375 – $4,663
0.72%
4.95%
3-Bedroom
$5,528 – $6,233
0.28%
8.34%
4-Bedroom
$6,104 – $6,639
2.52%
4.45%
Data updated: June 2, 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.