Menlo Park, CA Rental Market Trends
Last updated: February 16, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Menlo Park is $4,537, a 7.67% increase compared to the previous year, when the average rent was $4,214.
Studio Apartments at $3,650 offer the most budget-friendly option with 557 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 720 square feet for $3,759, balancing privacy and affordability.
Two-beedroom units at $5,145 offer 1,057 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,393 sq ft) for $7,337, suitable for larger households.
Average rent in Menlo Park, CA
Last updated: February 16, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $4,537 | 885 sq. ft. |
| Studio | $3,650 | 557 sq. ft. |
| 1 Bed | $3,759 | 720 sq. ft. |
| 2 Beds | $5,145 | 1,057 sq. ft. |
| 3 Beds | $7,337 | 1,393 sq. ft. |
Menlo Park, CA rent trends
Rental prices in Menlo Park, CA have increased by 7.67% over the past year. The average rent moved from $4,214 to $4,537.
What's the typical rent budget in Menlo Park, CA?
The largest share of rentals in Menlo Park, CA (92%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Menlo Park, CA?
5,199 or 45% of the households in Menlo Park, CA are renter-occupied while 6,425 or 55% are owner-occupied.
How Menlo Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Menlo Park | $4,537 |
| Los Angeles | $2,740 |
| San Francisco | $3,580 |
| East Bay | $2,643 |
| San Diego | $2,958 |
| Long Beach | $2,645 |
| Sacramento | $1,894 |
| San Jose | $3,118 |
| Oakland | $2,578 |
| Tulare | $1,674 |
| Santa Monica | $3,626 |
| Sunnyvale | $3,425 |
| Mountain View | $3,749 |
| San Mateo | $3,604 |
| Palo Alto, CA | $2,935 |
| Santa Clara, CA | $3,469 |
| Fremont, CA | $2,830 |
| Redwood City, CA | $3,708 |
| Hayward, CA | $2,417 |
| Alameda, CA | $2,987 |
| Campbell, CA | $2,896 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Menlo Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.