Palo Park renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Palo Park is about $1,912 per month. This puts it in the 81st percentile compared to the city average cost of rent, which is $1,858. Households in Palo Park have a median income of $7,992 per month so the average renter in Palo Park is spending roughly 24% of their earnings on housing.
Nationally, and in Palo Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Palo Park is $653,521 right now, which is lower than nearby neighborhoods, meaning that rents in Palo Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southern parts of Palo Park while lower rent rates are often available in eastern areas.
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