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City Report · CA

Banning

Pop. 31,093·369th most expensive in California·Banning rents have dropped 22.9%, currently a renter's market
Median rent (all units)
$1,767/mo
Year-over-Year
-22.9%
Month-over-Month
-1.3%
vs US Median
-$198
Falling (Monthly)
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Most AffordableMost Expensive
Banning · $1,767
More affordable than 56% of US cities · National median $1,965/mo
Affordability
34% of income
MODERATE
0%30% benchmark60%+

At $1,767/mo, rent takes about 34% of the local median household income, slightly above the 30% benchmark.

Income to afford
$71,000/yr
Local median income
$61,764/yr
Based on the 30%-of-income rule using Banning's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,490
1 BR
$1,550
2 BR
$1,930
3 BR
$2,580
4 BR+
$3,130
Research median
$1,930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,204/yr
At $1,767/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 22.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-22.9% YoY, -1.3% MoM), not inventory.
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Demographics

Who lives here

Banning, CA is majority owner-occupied, has a large retiree population, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.

Population
31,093
Median income
$61,764
Median age
42.1
Renters
29.8%
Age distribution
22.8%
19.7%
18.2%
27.7%
Under 1822.8%
18–3419.7%
35–5418.2%
55–6411.5%
65+27.7%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
39.9%
50.6%
White39.9%
Black7.8%
Hispanic50.6%
Asian5.5%
Education (25+)
16.3%
32%
35.2%
16.5%
No HS diploma16.3%
HS diploma32%
Some college35.2%
Bachelor's+16.5%
Housing tenure
70.2%
29.8%
Owner70.2%
Renter29.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Banning, CA has changed in 5 years

Income
$46,834 → $61,764
up 31.9%
Population
29,664 → 31,093
up 4.8%
Renter share
30.6% → 29.8%
-0.8 pts
Bachelor's+
16.1% → 16.5%
+0.4 pts
Median age
43.1 → 42.1
-1.0 yrs

Local incomes tracked alongside that move, going from a median of $46,834 in 2021 to $61,764 more recently. The population has grown by 4.8% since 2021, moving from about 29,664 residents to roughly 31,093.

Community

Discussions about Banning

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View Banning rent history (2015–2026) →
Salary vs rent

Can you afford rent in Banning on your salary?

At $1,767/mo, how Banning rent compares to typical pay (30% rule).

By apartment size

Banning rent by bedroom count

Median rent for each apartment size in Banning. Click any size for full breakdown.

Local insights

Tips for renters in Banning

About renting in Banning, CA

Last updated: July 20, 2026

The median rent in Banning is $1,767/mo as of July 2026. A studio apartment averages $1,490/mo while a 2-bedroom runs $1,930/mo. One-bedroom apartments average $1,550/mo and 3-bedroom units go for $2,580/mo.

At 34% of local median household income ($61,764/yr), Banning ranks as moderate compared to the national benchmark of 30%. Rents have decreased 22.9% over the past year.

FAQ

Frequently asked questions

Is Banning an affordable city for renters?

Banning is considered moderate for renters. At $1,767/mo, rent takes approximately 34% of the local median household income ($61,764/yr). The standard benchmark is 30%. Banning slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Banning?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,767/mo in Banning. The local median household income is $61,764/yr, meaning the typical Banning household falls short of that threshold.

Is rent going up or down in Banning?

Rent in Banning has decreased 22.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Banning rent compare to other cities in California?

Banning is one of the more affordable cities in California for rent, ranking #369 out of 387 tracked cities at $1,767/mo.

What percentage of Banning residents rent vs. own?

According to Census data, approximately 29.8% of Banning households are renters, while 70.2% are owner-occupied. Banning leans toward homeownership, which can mean a smaller rental inventory.

How does Banning rent compare to the national average?

Banning's median rent of $1,767/mo is $198 (10%) below the US national median of $1,965/mo. Within California, it ranks #369 out of 387 tracked cities.
Income Affordability
34%
MODERATE

At $1,767/mo, rent takes ~34% of Banning's median household income ($61,764/yr). The standard benchmark is 30%.

Banning 34%Benchmark 30%
State income tax1–13.3%
Run the Banning affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Banning, CA

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