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Palo Alto Apartments For Rent

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Palo Alto Apartment Options

Avg. RentAnnual Change
Studio - $3,177-6%
1 Bed - $4,345+27%
2 Beds - $3,620-2%
Last updated 3/25/2023

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Overview of Palo Alto

Named after a tree that stood more than 110 feet tall, Palo Alto and its residents have long looked to surpass the sky-high goals set by the founders of this metropolis. Home to a number of high-tech firms, the California city is one of the fastest moving and most intelligent areas in the country. People looking for Palo Alto apartments for rent will be amazed at how quickly they fall in love with the sunny metropolis. A Mediterranean climate provides a comfortable atmosphere for some of the brightest minds in the country to operate, and many of these individuals choose to take in views of the mountains on long bike rides to wind down after a long day of work.

Living in Palo Alto

This area was first settled by Leland Stanford in 1876 and the development of this institution forever shaped the city that grew around it.

Palo Alto is home to Nobel Prize winners, chief executives of major Silicon Valley firms, but people looking for Palo Alto apartments for rent shouldn't feel intimidated. High quality public schools provide residents with an outstanding education, and children can look to Stanford for inspiration in their academic pursuits. Palo Alto has a number of quality restaurants, several shopping centers and residents of Palo Alto apartments have a wide selection of activities to participate in on hot, summer days. Gardening enthusiasts are especially welcome in the city, which has three sites that will provide an aesthetically-pleasing experience for all.

Palo Alto Apartments and Cost of Living

Palo Alto earns high ranks from AreaVibes. It's ranked no. 17 in the top places to live in California, and is touted for housing, weather and amenities. However, living in this beautiful city comes with a price. According to AreaVibes, the cost of living is 83.3 percent greater than the national average. If you're looking for Palo Alto apartments for rent, note that rental prices average 106.4 percent more expensive than the national average. 

Apartments in Palo Alto Work and Study

There are a number of business opportunities directly in the city and the outskirts, as the local government, the Hewlett-Packard Company, Stanford University Medical Center, TIBCO Software and many small tech firms employ the city's residents. The metropolis is also influenced by the many companies located in Silicon Valley, and the Stanford Shopping Center provides job placement for those who may not be technically inclined.

Nearby Stanford University is one of the country's premier academic institutions and a jewel of the West Coast's higher education system. A thriving sports program gives students and residents of apartments in Palo Alto alike a chance to see Division 1 athletics firsthand, as the university represents one of the Pac 12 Conference's best teams in several areas. People looking for apartments for rent in Palo Alto will have a number of options, as they can live close to the school or find a nice abode near one of the many parks located in the area.

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