Anton Menlo
3639 Haven Ave,
Menlo Park, CA 94025
Studio - 3 Beds | $2,865 - $6,471
Rental Market Trends in Redwood City, CA
What is the average rent in Redwood City, CA?
$2,781/month
Average Rent
672 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of December 2024, the average rent in Redwood City, CA is $2,781 per month. This is 78% higher than the national average rent price of $1,560/month, making Redwood City one of the most expensive cities in the US. When you rent an apartment in Redwood City, you can expect to pay about $2,286 per month for a studio, $2,781 for a one-bedroom apartment, and around $3,667 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,889 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 Redwood City, CA?
In the past year, rent has increased by 2.4%, which averages out to $66 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 December 2024
Legend
2023
2024
Rent Ranges in Redwood City, CA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
3%
$700 - $1,000/month
22%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
52%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Redwood City?
Based on current rent prices, Palm Park, Centennial and Staumbaugh Heller are the most affordable neighborhoods in Redwood City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Redwood City?
Based on current rent prices, Fair Oaks, Redwood Oaks and Redwood Village are the most expensive neighborhoods in Redwood City.
Neighborhood
Average Rent
Average Sq Ft
Which Redwood City neighborhoods have the most rentals available?
The neighborhoods in Redwood City with the most apartments available are Downtown Redwood City, Roosevelt and Friendly Acres .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Redwood City, CA?
Because the average rent in Redwood City is $2,781, you’ll want to make about $9,270 per month or $111,240 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 Redwood City, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Redwood City, 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
$1,849/month
$1,010/month
One Bedroom
$2,235/month
$1,347/month
Two Bedroom
$2,730/month
$1,812/month
Three Bedroom
$3,291/month
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Nearby City Rent Trends
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Essex
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SRG Residential
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61
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15,488
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42
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Equity Residential
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183
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58,530
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82
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Windsor Communities
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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.