Springline
550 Oak Grove,
Menlo Park, CA 94025
1-3 Beds | $5,794 - $6,678
Rental Market Trends in Menlo Park, CA
What is the average rent in Menlo Park, CA?
$3,371/month
Average Rent
683 Sq Ft
Average Apartment Size
+2.2%
Increase in the Last Year
As of February 2025, the average rent in Menlo Park, CA is $3,371 per month. This is 117% higher than the national average rent price of $1,557/month, making Menlo Park one of the most expensive cities in the US. When you rent an apartment in Menlo Park, you can expect to pay about $2,923 per month for a studio, $3,371 for a one-bedroom apartment, and around $4,409 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,211 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Menlo Park, CA?
In the past year, rent has increased by 2.2%, which averages out to $76 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Menlo Park, CA
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
0%
$700 - $1,000/month
10%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
71%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Menlo Park?
Based on current rent prices, Suburban Park-Lorelei Manor-Flood Pk, Allied Arts and Menlo Oaks are the most affordable neighborhoods in Menlo Park.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Menlo Park?
Based on current rent prices, Downtown Menlo Park, Central Menlo Park and The Willows are the most expensive neighborhoods in Menlo Park.
Neighborhood
Average Rent
Average Sq Ft
Which Menlo Park neighborhoods have the most rentals available?
The neighborhoods in Menlo Park with the most apartments available are Lindenwood, Sharon Height and Menlo Oaks .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Menlo Park, CA?
Because the average rent in Menlo Park is $3,371, you’ll want to make about $11,236 per month or $134,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Menlo Park, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Menlo Park, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$2,030/month
One Bedroom
-
$2,443/month
Two Bedroom
-
$2,789/month
Three Bedroom
-
$6,351/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.