There are 1br ($2295) and 2br ($3100) apartments available in the complex I live in the Barron Park area, see below. The first three months of rent are currently free with a one-year lease. The location is very convenient - an easy, 15-20 minute bike ride to campus, and the apartments are quite spacious for the area!

1br: https://sfbay.craigslist.org/pen/apa/d/palo-alto-3-months-free-rentcharming/7206206224.html
2br: https://sfbay.craigslist.org/pen/apa/d/palo-alto-2br-2-babeauitfulnewly/7208262784.html

Contact the property manager through Craigslist if you're interested, or directly at pcj914@gmail.com.