
Cheap Apartments for Rent in the Midtown Palo Alto Neighborhood of Palo Alto, CA from $2,595 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown Palo Alto area of Palo Alto.


Southwood Apartments

Midtown Apartments

Park Plaza

2891 Alma

2869 Alma St

101-109 El Carmelo Avenue

3261 Ash St
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.

Plum Tree Apartments

3171 Loma Verde Pl

3157-3159 Alma St

3121-3129 Alma St

2551 Alma St

3050-3058 Emerson St

702 Clara Dr

2965 Emerson St
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.

2571-2575 Alma St

3094 Emerson St

3133 Alma St

102 Colorado

3143 Alma St

674-676 Bryson Ave

The Midfield Apartments

Layne Court Apartments
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.

Alma Street Apartments

Midtown Apartments

Alma Street Apartments

720-738 Sutter Ave

Sheridan Plaza Apartments

Colorado Park Apartments

Towle Apartments

2932 Emerson St
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

How much does it cost to rent an apartment in Midtown Palo Alto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown Palo Alto 1 Bedroom Apartments | $3,671 | $3,195 | $4,450 |
| Midtown Palo Alto 2 Bedroom Apartments | $4,703 | $3,995 | $6,500 |
| Midtown Palo Alto 3 Bedroom Apartments | $7,747 | $7,500 | $7,995 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Midtown Palo Alto Neighborhood of Palo Alto, CA.
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Midtown Palo Alto, Palo Alto, CA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Palo Alto | One Bedroom One Bathroom | 1BR, 1BA | $3,195 |
| Southwood Apartments | 1x1B | 1BR, 1BA | $3,525 |
| Midtown Apartments | Two Bedroom 1.5 Bathroom | 2BR, 1BA | $4,195 |
| Park Plaza | Unit 325 | 3BR, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Plaza | Unit 325 | 3BR, 2BA | $2.96 |
| Parker Palo Alto | Two Bedroom Two Bathroom Townhouse | 2BR, 2BA | $5.51 |
| Midtown Apartments | Two Bedroom 1.5 Bathroom | 2BR, 1.5BA | $4.24 |
| Southwood Apartments | 1x1B | 1BR, 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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleMidtown Palo Alto, Palo Alto, CA
Ranked #25
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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

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.

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.

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.

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.