Cheap Apartments for Rent in the Midtown Palo Alto Neighborhood of Palo Alto, CA from $2,595 (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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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

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.

Midtown Palo Alto, Palo Alto, CA Local Guide

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 Parker Palo Alto priced from $3,195. Southwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,525. Here are the most affordable Midtown Palo Alto apartments for rent in Palo Alto, CA:

Apartment ListingModel NameBed/BathPriced From
Parker Palo AltoOne Bedroom One Bathroom1BR, 1BA$3,195
Southwood Apartments1x1B1BR, 1BA$3,525
Midtown ApartmentsTwo Bedroom 1.5 Bathroom2BR, 1BA$4,195
Park PlazaUnit 3253BR, 2BA$4,400

Best Value Apartments for Rent in Midtown Palo Alto, CA

As of September 25, 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 Duveneck neighborhood starting from $4,400. The second greatest value Midtown Palo Alto apartment is the Two Bedroom Two Bathroom Townhouse Model at Parker Palo Alto in the Duveneck neighborhood starting at $6,500 with a $5.51 price per square foot. 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 Two Bathroom Townhouse2BR, 2BA$5.51
Midtown ApartmentsTwo Bedroom 1.5 Bathroom2BR, 1.5BA$4.24
Southwood Apartments1x1B1BR, 1BA$4.70

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Midtown Palo Alto, Palo Alto, CA

Ranked #25

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Midtown Palo Alto Apartments

How much is rent for a Cheap One Bedroom Midtown Palo Alto Apartment?

The lowest price for a Cheap One Bedroom Midtown Palo Alto Apartment is $3,195 at Parker Palo Alto.

What is the lowest price for a Cheap Two Bedroom Midtown Palo Alto Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Midtown Palo Alto is starting from $3,995 at Parker Palo Alto.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.