Long-term Rental Rates — August 2026 · ZIPs: 94025,94027,94301
Local market data by Estaite
As of August 2026, rental prices in Palo Alto / Menlo Park, CA range from $3,340 to $6,470 per month depending on property type and bedroom count.
The largest year-over-year rent increase was for 1BR apartments, which rose 13.02% compared to August 2025.
For 2-bedroom units, single-family homes command a median rent of $4,766, higher than apartments at $4,103.
What is the rent range for apartments, condos, and single-family homes in Palo Alto / Menlo Park, CA?
In August 2026, monthly rents in Palo Alto / Menlo Park, CA range from $3,340 for a 1BR apartment up to $6,470 for a 4BR single-family home.
How much more do single-family homes cost compared to apartments for the same bedroom count in Palo Alto / Menlo Park, CA?
In August 2026, single-family homes have a higher median rent than apartments for every bedroom count, with the largest premium at 1BR ($3,940 vs $3,340, a difference of $600), and for 4BR, the gap is $6,470 for single-family vs $5,939 for apartments, a difference of $531.
Which property and bedroom combination has the highest median rent in Palo Alto / Menlo Park, CA?
The most expensive segment in August 2026 is 4BR single-family homes, with a median rent of $6,470 per month.
How do condo/townhome rental prices compare to single-family homes for the same bedroom count in Palo Alto / Menlo Park, CA?
In August 2026, single-family homes have higher median rents than condos/townhomes across all bedroom counts; for example, 3BR single-family homes rent for $6,139 while 3BR condos/townhomes rent for $5,843, a premium of $296.
Palo Alto / Menlo Park, CA
August 2026
94025,94027,94301
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,157 – $3,524
6.18%
13.02%
2-Bedroom
$4,144 – $4,673
4.82%
14.50%
3-Bedroom
$5,603 – $6,009
0.47%
2.93%
4-Bedroom
$5,808 – $6,188
0.90%
4.89%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,267 – $3,469
2.75%
1.72%
2-Bedroom
$4,352 – $4,734
-2.53%
4.29%
3-Bedroom
$5,580 – $6,106
1.32%
6.52%
4-Bedroom
$5,907 – $6,250
0.88%
4.52%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,763 – $4,117
7.55%
6.23%
2-Bedroom
$4,566 – $4,966
0.61%
5.64%
3-Bedroom
$5,795 – $6,535
-0.13%
8.45%
4-Bedroom
$6,244 – $6,697
0.11%
1.22%
Data updated: September 25, 2026
Palo Alto / Menlo Park Rental Trends
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.