Rent to own Homes in Palo Alto, CA

Historic events! Palo Alto is alive with history, from such memorable events as the earthquake of 1906 and the Christmas Flood of 1955. Both events called for the strength of Palo Altans and others in the area to pull together.

Palo Alto, CA is a great place for affordable rent-to-own homes! With a median household income of over $174,003 and a median rent of $2,679, the Palo Alto, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Palo Alto, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Palo Alto, CA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Baine Avenue Apartments, 6437 Baine Ave
Rent To Own
Newark
Single Family Home
Newark, CA 94560
2
1
670 ft2
711 PORTWALK PL
Rent To Own
Redwood Shores
Townhouse/Condo
Redwood City, CA 94065
3
2
1050 ft2
1987
601 Middle Rd APT 22
Rent To Own
Belmont
Single Family Home
Belmont, CA 94002
1
1
550 ft2
1907
437 Chateau La Salle Dr #437
Rent To Own
 
Single Family Home
San Jose, CA 95111
2
2
1440 ft2
1980
1 MANDALAY PL #1506
Rent To Own
Paradise Valley
Townhouse/Condo
South San Francisco, CA 94080
2
2
1548 ft2
2004
200 Ford Rd SPACE 37B
Rent To Own
 
Single Family Home
San Jose, CA 95138
1
1
373 ft2
2012
967 JORDAN ST
Rent To Own
 
Single Family Home
Montara, CA 94037
4
4
3469 ft2
1981
1600 INGALLS ST
Rent To Own
Bayview
Single Family Home
San Francisco, CA 94124
4
2
1200 ft2
1944
555 Fulton St
Rent To Own
Hayes Valley
Townhouse/Condo
San Francisco, CA 94102
1
1
714 ft2
2020
Hot
81 TARRY LN
Rent To Own
Sleepy Hollow Area
Single Family Home
Orinda, CA 94563
3
2
1692 ft2
1951
255 S RENGSTORFF AVE #123
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
2
1
935 ft2
1965
Hot
2211 LATHAM ST #322
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
2
2
1206 ft2
1978
49 SHOWERS DR #W303
Rent to Own Eligible
The Crossings
Townhouse/Condo
Mountain View, CA 94040
2
2
1206 ft2
1974
255 S RENGSTORFF AVE #161
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
1
1
551 ft2
1965
Hot New
161 CALIFORNIA AVE #K210
Rent to Own Eligible
Evergreen Park
Townhouse/Condo
Palo Alto, CA 94306
2
2
1247 ft2
1982
New
49 SHOWERS DR #E252
Rent to Own Eligible
The Crossings
Townhouse/Condo
Mountain View, CA 94040
1
1
959 ft2
1976
117 CALIFORNIA AVE #D300
Rent to Own Eligible
Evergreen Park
Townhouse/Condo
Palo Alto, CA 94306
1
1
782 ft2
1982
New
725 Mariposa Ave
Rent to Own Eligible
Shoreline West
Townhouse/Condo
Mountain View, CA 94041
1
2
839 ft2
1974
New
460 LASSEN ST #9
Rent to Own Eligible
North Los Altos
Townhouse/Condo
Los Altos, CA 94022
1
1
944 ft2
1964
2138 COOLEY AVE
Rent to Own Eligible
East Palo Alto
Single Family Home
East Palo Alto, CA 94303
3
1
1060 ft2
1953
137 PETER COUTTS CIR
Rent to Own Eligible
Stanford University
Townhouse/Condo
Stanford, CA 94305
2
2
1305 ft2
1982
New
765 SAN ANTONIO RD #63
Rent to Own Eligible
Charleston Gardens
Townhouse/Condo
Palo Alto, CA 94303
2
2
1030 ft2
1976
Hot New
2211 LATHAM ST #124
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
2
2
1206 ft2
1978
78 PETER COUTTS CIR
Rent to Own Eligible
Stanford University
Townhouse/Condo
Stanford, CA 94305
2
2
1422 ft2
1982
45 PEARCE MITCHELL PL
Rent to Own Eligible
Stanford University
Townhouse/Condo
Stanford, CA 94305
3
2
1286 ft2
1975
New
49 Showers Dr
Rent to Own Eligible
The Crossings
Townhouse/Condo
Mountain View, CA 94040
1
2
959 ft2
1976
New
938 CLARK AVE #11
Rent to Own Eligible
Gemello
Townhouse/Condo
Mountain View, CA 94040
2
1
982 ft2
1978
New
1940 SILVERWOOD AVE
Rent to Own Eligible
Monta Loma Farley Rock Street
Townhouse/Condo
Mountain View, CA 94043
2
2
968 ft2
1974
New
1982 W BAYSHORE RD #338
Rent to Own Eligible
 
Townhouse/Condo
East Palo Alto, CA 94303
2
2
1157 ft2
2002
1945 MOUNT VERNON CT #8
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
1
1
810 ft2
1964
New
724 OAK GROVE AVE #3
Rent to Own Eligible
Downtown Menlo Park
Townhouse/Condo
Menlo Park, CA 94025
1
1
678 ft2
1985
1982 W Bayshore Rd
Rent to Own Eligible
 
Townhouse/Condo
East Palo Alto, CA 94303
1
1
823 ft2
2002
725 MARIPOSA AVE #306
Rent to Own Eligible
Shoreline West
Townhouse/Condo
Mountain View, CA 94041
2
2
1048 ft2
1974
New
255 S RENGSTORFF AVE #13
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
1
1
812 ft2
1965
New
2025 CALIFORNIA ST #45
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94040
1
1
668 ft2
1965
2824 MARLBOROUGH AVE #2
Rent to Own Eligible
 
Townhouse/Condo
Redwood City, CA 94063
2
1
650 ft2
1980
1 of 42 2824 Marlborough Ave
Rent to Own Eligible
 
Townhouse/Condo
Redwood City, CA 94063
2
1
650 ft2
1980
505 CYPRESS POINT DR #302
Rent to Own Eligible
Willow Gate
Townhouse/Condo
Mountain View, CA 94043
1
1
658 ft2
1971
505 CYPRESS POINT DR #231
Rent to Own Eligible
Willow Gate
Townhouse/Condo
Mountain View, CA 94043
1
1
784 ft2
1971
Hot New
2753 ILLINOIS ST
Rent to Own Eligible
East Palo Alto
Single Family Home
East Palo Alto, CA 94303
3
1
1030 ft2
1952
Hot New
2788 ILLINOIS ST
Rent to Own Eligible
East Palo Alto
Single Family Home
East Palo Alto, CA 94303
3
1
970 ft2
1952
601 Leahy St
Rent to Own Eligible
Redwood Oaks
Townhouse/Condo
Redwood City, CA 94061
2
2
1224 ft2
1975
New
1664 TULANE AVE
Rent to Own Eligible
 
Single Family Home
East Palo Alto, CA 94303
3
1
1070 ft2
1953
New
500 W Middlefield Rd
Rent to Own Eligible
 
Townhouse/Condo
Mountain View, CA 94043
1
1
720 ft2
1971
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Buying a Home in Palo Alto, CA

Palo Alto, CA is seeing rapid growth and Palo Alto, CA's' housing market remains not optimal with an average home price that is 820% above the 2024 national average. Palo Alto, CA is part of Santa Clara county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Santa Clara is 0.67% which is below the national average, which is 0.99%.

Median Home Price in Palo Alto, CA

Median Rent in Palo Alto, CA

Rent to own homes offer low monthly payments and flexible terms.

14 Reasons to Live in Palo Alto

Plentiful shopping! Shopping in the Palo Alto area is quite an experience. There are several different venues for your shopping excursions, such as the Stanford Shopping Center and Town & Country Village.

Variety of dining options! Whatever pleases your palate, you will find a variety of eateries and restaurants in Palo Alto, such as Joanie's Cafe for lighter fare and Pluto's for those who seek fast food. For those of you who you desire healthier fare, So Gong Dong Tofu House will surely satisfy.

Career Opportunities! Regardless of the type of employment you seek, there is no shortage of jobs in this area. You can check out Palo Alto Staffing located on E. Bayshore Road. The city of Palo Alto has many job openings, as well, and you can either visit their website or go directly to City Hall located at 250 Hamilton Ave. in order to see what jobs the city has available.

Rental complexes! There are several different apartment complexes renting out units presently, as well as homes for rent and rent to own houses in the area. If you seek an apartment, try Woodland Park on Newell Road or Oak Creek Apartments on Sand Hill Road.

Neighborhoods! Crescent Park and University South are two beautiful neighborhoods in the Palo Alto community. Owning property or obtaining a rent to own agreement in one of these areas is a great way to start over. More than 57% of properties are owner occupied, so you should not have trouble finding a house to call your own.

Nearby cities and commuting! Belmont, Menlo Park, and Newark are all cities whose centers are within 12 miles of Palo Alto. These cities offer job prospects, shopping, and dining all within a short commute.

Established homes! More than half of the homes in Palo Alto are considered to be older, well established ones, built from 1940 to 1969. You can find some of these properties on Waverly St. or Alta Mesa.

Parks in Palo Alto! The Pearson-Arastradero Preserve, located on Arastradero Road, is a gorgeous place to take in views of the surrounding area and go hiking, back packing, or to have a picnic. Eleanor Pardee Park on Center Drive is also a nice place to get away for the day, complete with jogging and walking areas and other amenities.

Famous people from the area! Joan Baez, famous folk singer, and James Franco, known for his roles in Pineapple Express and the Spiderman franchise, both hail from this city in central California. Shemar Moore, best known for his roles on The Young and The Restless and more recently, Criminal Minds, also moved to this area at a young age.

Sports and recreation! At the City of Palo Alto website, you can find many different sports classes and teams to join in the Palo Alto area. The Palo Alto Family YMCA and the Arillaga Center for Sports and Recreation also provide different forms of activity of which individuals and groups alike can be a part.

Annual community events! There are events that are sponsored and held every year in the Palo Alto area, and there is something to do throughout the year. In March, there is the annual final elephant seal tour at Ano Nuevo State Park. The tour lasts 2 hours. In April the city celebrates Earth Day with various celebrations. There is a calendar of all of the year's events located on the Destination Palo Alto website.

Housing in the area! Rent to own homes and other living quarters are available in the area and median home purchase prices are holding steady, as the market in this area is quite strong. Homes in the Esther Clark Park and Fairmeadow neighborhoods are eclectic and offer different amenities whether you are renting or buying.

Renters welcome! More than 40% of properties are rentals, so you can have your pick of nice places. Try Stanford Ave. or Middlefield Rd. for some ideas.