Rent by ZIP · Santa Clara County
Rent in Palo Alto, CA 94306
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $3,530 (-6.9% vs FY2026). Renters in this ZIP code pay a median $2,994 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,650 | $2,850 | -7% | $2,385–2,915 | $1,904 ±$916 |
| 1 bedroom | $3,000 | $3,240 | -7.4% | $2,700–3,300 | $2,673 ±$115 |
| 2 bedrooms | $3,530 | $3,790 | -6.9% | $3,177–3,883 | $3,282 ±$189 |
| 3 bedrooms | $4,740 | $5,010 | -5.4% | $4,266–5,214 | $3,500+ |
| 4 bedrooms | $5,060 | $5,450 | -7.2% | $4,554–5,566 | $3,500+ |
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 94306
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 |
|---|---|---|---|
| 94305 | Stanford | $2,290 | $2,357 |
| 94304 | Palo Alto | $3,880 | $3,500+ |
| 94303 | Palo Alto | $3,390 | $2,882 |
| 94301 | Palo Alto | $3,650 | $3,500+ |
| 94309 | Palo Alto | $3,270 | – |
| 94302 | 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.