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

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
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Midtown Apartments
1 to 3 Bedroom Apartments

Midtown Apartments

2727 Midtown CtPalo Alto, CA 94303

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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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.

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 Midtown Apartments priced from $2,695. Midtown Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,295. Here are the most affordable Midtown Palo Alto apartments for rent in Palo Alto, CA:

Apartment ListingModel NameBed/BathPriced From
Midtown Apartments1-Bedroom, 1-Bathroom1BR,1BA$2,695
Midtown Apartments1x11BR,1BA$3,295
Parker Palo AltoOne Bedroom One Bathroom1BR,1BA$3,495
Park PlazaUnit 3253BR,2BA$4,400

Best Value Apartments for Rent in Midtown Palo Alto, CA

As of August 01, 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 One Bedroom One Bathroom Model at Parker Palo Alto starting at $3,495 with a $4.79 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 AltoOne Bedroom One Bathroom1BR,1BA$4.79
Midtown Apartments1x11BR,1BA$4.71
Midtown Apartments1-Bedroom, 1-Bathroom1BR,1BA$4.55

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 $2,695 at Midtown Apartments.

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.