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Rental Market Trends in Menlo Park, CA

What is the average rent in Menlo Park, CA?

$3,493/month

Average Rent

680 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of April 2026, the average rent in Menlo Park, CA is $3,493 per month. This is 113% higher than the national average rent price of $1,640/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 $3,050 per month for a studio, $3,493 for a one-bedroom apartment, and around $4,785 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,667 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$3,050/month
541 Sq Ft
One Bedroom
$3,493/month
680 Sq Ft
Two Bedroom
$4,785/month
1,028 Sq Ft
Three Bedroom
$6,667/month
1,379 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$9,562/month
1,760 Sq Ft
Four Bedroom
$21,699/month
3,484 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 1.3%, which averages out to $47 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Menlo Park, CA
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Menlo Park, CA
Percentage*
Rent Range
1% Below $700/month
0% $700 - $1,000/month
10% $1,001 - $1,500/month
15% $1,501 - $2,000/month
73% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Menlo Park?

Based on current rent prices, Lindenwood is the most affordable neighborhood in Menlo Park.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lindenwood
$5,361/month
1,032 Sq Ft

What are the most expensive neighborhoods in Menlo Park?

Based on current rent prices, Lindenwood is the most expensive neighborhood in Menlo Park.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lindenwood
$5,361/month
1,032 Sq Ft

Which Menlo Park neighborhoods have the most rentals available?

The neighborhood in Menlo Park with the most apartments available is Lindenwood .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lindenwood
$5,361/month
1,032 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Menlo Park, CA?

Because the average rent in Menlo Park is $3,493, you’ll want to make about $11,643 per month or $139,716 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.

City

Menlo Park, CA

360 Available Apartments for Rent

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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.

Explore the Area Guide for Menlo Park, CA

Apartment Averages

Lindenwood

Menlo Park, CA

Lindenwood

Menlo Park, CA

Studio
$1,508/month
$1,508/month
One Bedroom
$4,212/month
$4,212/month
Two Bedroom
$5,688/month
$5,688/month
Three Bedroom
$8,659/month
$8,659/month
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Apartment communities in Menlo Park we think you'll love

Anton Menlo

Anton Menlo

3639 Haven Ave,
Menlo Park, CA 94025

$3,499 - $6,912

Studio - 3 Beds

Lume

Lume

172 Constitution Dr,
Menlo Park, CA 94026

$3,043 - $8,347 Total Monthly Price

Studio - 3 Beds

Vasara

Vasara

110 Constitution Dr,
Menlo Park, CA 94025

$3,286 - $5,523 Total Monthly Price

Studio - 3 Beds

Springline

Springline

550 Oak Grove,
Menlo Park, CA 94025

$6,798 - $17,339

1-3 Beds

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United States California Menlo Park Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

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.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity