$3,950 Per Month
- 2 Beds
- 2 Baths
- 1,280 Sq Ft
- Condo for Rent
752 University Ave, Palo Alto, CA 94301
752 University Ave, Palo Alto, CA 94301
Frequently Asked Questions
How much does it cost to rent a home in Palo Alto, CA?
The median rent for a home in Palo Alto, CA is $5,505 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Palo Alto, CA?
To comfortably afford the median rent in Palo Alto, CA, a household needs to earn roughly $220,200 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $5,505 per month in Palo Alto, CA, renters typically need to show $16,515 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Palo Alto, CA?
In Palo Alto, CA, the price-to-rent ratio is 51.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Palo Alto, CA are best for renting a home?
The best neighborhood for renting in Palo Alto, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Barron Park, Charleston Meadows, South of Midtown, Mountain View West and Monta Loma, each with its own character and price range.
