Rent by ZIP · Santa Clara County
Rent in Palo Alto, CA 94304
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $3,880 (-8.9% vs FY2026). Renters in this ZIP code pay a median $3,500+ a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,920 | $3,210 | -9% | $2,628–3,212 | $2,536 ±$590 |
| 1 bedroom | $3,290 | $3,650 | -9.9% | $2,961–3,619 | $3,491 ±$286 |
| 2 bedrooms | $3,880 | $4,260 | -8.9% | $3,492–4,268 | $3,500+ |
| 3 bedrooms | $5,210 | $5,630 | -7.5% | $4,689–5,731 | $3,500+ |
| 4 bedrooms | $5,560 | $6,130 | -9.3% | $5,004–6,116 | – |
Small Area FMRs for the San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area, 2 bedrooms: $3,272.
What renters pay in 94304
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 94303 | Palo Alto | $3,390 | $2,882 |
| 94305 | Stanford | $2,290 | $2,357 |
| 94306 | Palo Alto | $3,530 | $3,282 |
| 94301 | Palo Alto | $3,650 | $3,500+ |
| 94302 | Palo Alto | $3,270 | – |
| 94309 | Palo Alto | $3,270 | – |
Fair Market Rents across Santa Clara County, CA · All CA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.