GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Palo Alto

The average rent in Palo Alto is one of the highest in the nation, typically ranging from $3,000 to $6,000 per month for a one-bedroom apartment.

Statistic 1

"Palo Alto's average rent increased by 5% over the last year."

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Statistic 2

"Approximately 40% of Palo Alto residents are renters."

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Statistic 3

"The average rent for a one-bedroom apartment in Palo Alto is $3,200 per month."

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Statistic 4

"The vacancy rate for rental properties in Palo Alto stands at 4%."

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Statistic 5

"Palo Alto rental market has a turnover rate of 28% annually."

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Statistic 6

"The average security deposit required in Palo Alto is equivalent to one month's rent."

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Statistic 7

"About 25% of all rental listings in Palo Alto are for luxury apartments."

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Statistic 8

"Rent in Palo Alto is more expensive than 95% of cities in California."

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Statistic 9

"The average rent for a four-bedroom house in Palo Alto is $9,200 per month."

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Statistic 10

"Palo Alto's average rent for a single-family home is $7,500 per month."

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Statistic 11

"The average rent per square foot in Palo Alto is $4.70."

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"The average rent for a studio apartment in Palo Alto is $2,800 per month."

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Statistic 13

"The average monthly rent for a three-bedroom apartment in Palo Alto is $5,800."

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Statistic 14

"The average cost of utilities for renters in Palo Alto is $200 per month, not included in the rent price."

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Statistic 15

"The most expensive neighborhood to rent in Palo Alto is the Downtown North neighborhood, with an average rent of $6,000."

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Statistic 16

"The average move-in fee for rentals in Palo Alto is $500."

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Statistic 17

"The median rent price for a two-bedroom apartment in Palo Alto is $4,500 per month."

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Statistic 18

"Rent prices in Palo Alto are 150% higher than the national average."

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Statistic 19

"Palo Alto's average rent is among the highest in Silicon Valley."

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Statistic 20

"In the past five years, rents in Palo Alto have risen by an average of 8% per year."

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