Cheap Apartments for Rent in the Midtown Palo Alto Neighborhood of Palo Alto, CA from $2,500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Midtown Palo Alto area of Palo Alto.

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2891 Alma
2 Bedroom Apartments

2891 Alma

2891 Alma StPalo Alto, CA 94306
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2869 Alma St
2 Bedroom Apartments

2869 Alma St

2869 Alma StPalo Alto, CA 94306
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3261 Ash St
1 Bedroom Apartments

3261 Ash St

3261 Ash StPalo Alto, CA 94306

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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3157-3159 Alma St
2 Bedroom Apartments

3157-3159 Alma St

3157-3159 Alma StPalo Alto, CA 94306
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3121-3129 Alma St
Studio to 2 Bedroom Apartments

3121-3129 Alma St

3121-3129 Alma StPalo Alto, CA 94306
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2551 Alma St
1 Bedroom Apartments

2551 Alma St

2551 Alma StPalo Alto, CA 94301
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702 Clara Dr
2 Bedroom Apartments

702 Clara Dr

702 Clara DrPalo Alto, CA 94303
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2965 Emerson St
1 to 2 Bedroom Apartments

2965 Emerson St

2965 Emerson StPalo Alto, CA 94306

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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2571-2575 Alma St
1 to 2 Bedroom Apartments

2571-2575 Alma St

2571-2575 Alma StPalo Alto, CA 94301
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3094 Emerson St
1 Bedroom Apartments

3094 Emerson St

3094 Emerson StPalo Alto, CA 94306
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3133 Alma St
1 to 2 Bedroom Apartments

3133 Alma St

3133 Alma StPalo Alto, CA 94306
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102 Colorado
1 Bedroom Apartments

102 Colorado

102 ColoradoPalo Alto, CA 94301
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3143 Alma St
1 to 2 Bedroom Apartments

3143 Alma St

3143 Alma StPalo Alto, CA 94306

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Midtown Apartments
1 to 3 Bedroom Apartments

Midtown Apartments

2727 Midtown CtPalo Alto, CA 94303
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Alma Street Apartments
1 to 2 Bedroom Apartments

Alma Street Apartments

2725-2741 Alma StPalo Alto, CA 94306
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Towle Apartments
1 to 2 Bedroom Apartments

Towle Apartments

695-696 Towle WayPalo Alto, CA 94306
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2932 Emerson St
Studio Apartments

2932 Emerson St

2932 Emerson StPalo Alto, CA 94306

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Cheapest Available Midtown Palo Alto Apartments for Rent

 

The cheapest available apartment rental in the Midtown Palo Alto area of Palo Alto, CA is a 1 Bed unit found at Southwood Apartments priced from $3,000. Parker Palo Alto has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,795. Here are the most affordable Midtown Palo Alto apartments for rent in Palo Alto, CA:

Apartment ListingModel NameBed/BathPriced From
Southwood ApartmentsTBD1BR,1BA$3,000
Parker Palo AltoTwo Bedroom One Bathroom2BR,1BA$3,795
Park PlazaUnit 3253BR,2BA$4,400

Best Value Apartments for Rent in Midtown Palo Alto, CA

As of May 21, 2026 the best value apartment in the Midtown Palo Alto area is the $2.96 price per square foot Unit 325 Model at Park Plaza in the in the Duveneck neighborhood starting from $4,400. The second greatest value Midtown Palo Alto apartment is the Two Bedroom One Bathroom Model at Parker Palo Alto starting at $3,795 with a $4.46 price per square foot in the Duveneck neighborhood. Here is today’s list of the best values for Midtown Palo Alto apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park PlazaUnit 3253BR,2BA$2.96
Parker Palo AltoTwo Bedroom One Bathroom2BR,1BA$4.46
Southwood ApartmentsTBD1BR,1BA$4.00

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.