Apartments in Linfield Oaks Menlo Park

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$3,500
Palo Alto, CA
2 BR | Available Now
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9
$2,600 - 3,700
345 Sheridan Ave Palo Alto, CA
1 - 2 BR | Available Now
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$4,995
Palo Alto, CA
2 BR | Available Now
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35
$3,800 - 4,100
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2865 Park Blvd. Palo Alto, CA
2 BR | Available Now
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$12,500
2327 Warner Range Ave Menlo Park, CA
5 BR | Ask for Availability
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Menlo Park:
November Rent Report

Welcome to the November 2024 Menlo Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Menlo Park rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Menlo Park and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Menlo Park average rent prices in the chart below.

Monthly Rent Report

$4,050
$3,040
$2,030
$1,010
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Menlo Park Rent Prices Increase From October to November

Menlo Park rent prices increased over the last month. From October to November, the city experienced a 6.9% increase for the price of a one-bedroom apartment. The rent price for a Menlo Park one-bedroom apartments currently stands at $2,959.0.

When we take a look at the two-bedroom comparison from October to November, Menlo Park experienced a -1.01% decrease for the price of a two-bedroom apartment. The rent price for a Menlo Park two-bedroom apartments currently stands at $3,928.0.

November Prices: Menlo Park vs. Surrounding Areas

Rent Prices in Menlo Park and Surrounding Areas

Rent prices have increased in Menlo Park over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Menlo Park suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Menlo Park suburbs

  • Rents did not decrease in any of the Menlo Park suburbs.

November 2024 Pricing Trends: Menlo Park vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Menlo Park Rent Prices More Affordable Than Major Cities

Rent growth in Menlo Park over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Menlo Park average rent prices appear to be relatively affordable for local residents.

The price for a Menlo Park one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Menlo Park and surrounding area rent prices, take a look at the complete data set below.

Data set for Menlo Park and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.