City Report · CA

Palm Springs

Pop. 45,070·319th most expensive in California·Rental market data updated monthly for Palm Springs, CA
Median rent (all units)
$2,201/mo
Year-over-Year
+4.1%
Month-over-Month
+1.8%
vs US Median
+$236
Rising (Monthly)
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Most AffordableMost Expensive
Palm Springs · $2,201
More expensive than 69% of US cities · National median $1,965/mo
Rent Reality Score
78/100
Good value
OverheatedFairGreat value

Rents are 14% below what Palm Springs's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,201/mo
Expected by trend
$2,565/mo
The Rent Reality Score compares today's median rent to where Palm Springs's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,785
1 BR
$1,860
2 BR
$2,315
3 BR
$3,090
4 BR+
$3,760
Research median
$2,315/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
$26,412/yr
At $2,201/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.1% YoY, +1.8% MoM), not inventory.
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Demographics

Who lives here

Palm Springs, CA is majority owner-occupied, has a large retiree population, 44.5% of residents hold a bachelor's degree or higher.

Population
45,070
Median income
$73,119
Median age
58.5
Renters
34.1%
Age distribution
14.5%
21.3%
20.9%
35.3%
Under 187.9%
18–3414.5%
35–5421.3%
55–6420.9%
65+35.3%
Gender
61.4%
38.6%
Male61.4%
Female38.6%
Race & ethnicity
66%
25.7%
White66%
Black4.5%
Hispanic25.7%
Asian5.3%
Education (25+)
16.8%
30.7%
44.5%
No HS diploma7.9%
HS diploma16.8%
Some college30.7%
Bachelor's+44.5%
Housing tenure
65.9%
34.1%
Owner65.9%
Renter34.1%

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

2021 vs 2026

How Palm Springs, CA has changed in 5 years

Rent
$1,560 → $2,201
up 41.1%
Income
$61,597 → $73,119
up 18.7%
Population
44,799 → 45,070
up 0.6%
Renter share
36.7% → 34.1%
-2.6 pts
Bachelor's+
43% → 44.5%
+1.5 pts
Median age
56.6 → 58.5
+1.9 yrs

Since 2021, the typical rent in Palm Springs, CA has increased from $1,560 to $2,201, a 41.1% change over five years. Household income in the area moved from $61,597 to $73,119 across the same window, up 18.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 34.1% of households, compared with 36.7% five years ago. Reading these numbers side by side helps frame whether current listings in Palm Springs, CA look reasonable against where the market sat half a decade ago.

Community

Discussions about Palm Springs

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View Palm Springs rent history (2015–2026) →
Salary vs rent

Can you afford rent in Palm Springs on your salary?

At $2,201/mo, how Palm Springs rent compares to typical pay (30% rule).

By apartment size

Palm Springs rent by bedroom count

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

Local insights

Tips for renters in Palm Springs

About renting in Palm Springs, CA

Last updated: July 20, 2026

The median rent in Palm Springs is $2,201/mo as of July 2026. A studio apartment averages $1,785/mo while a 2-bedroom runs $2,315/mo. One-bedroom apartments average $1,860/mo and 3-bedroom units go for $3,090/mo.

At 36% of local median household income ($73,119/yr), Palm Springs ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

Is Palm Springs an affordable city for renters?

Palm Springs is considered moderate for renters. At $2,201/mo, rent takes approximately 36% of the local median household income ($73,119/yr). The standard benchmark is 30%. Palm Springs slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Palm Springs?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (~$42/hour full-time) to afford the median rent of $2,201/mo in Palm Springs. The local median household income is $73,119/yr, meaning the typical Palm Springs household falls short of that threshold.

Is rent going up or down in Palm Springs?

Rent in Palm Springs has increased 4.1% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Palm Springs neighborhoods have the lowest rent?

The most affordable ZIP codes in Palm Springs are 92262 ($2,111/mo), and 92264 ($2,325/mo). Citywide, the median rent in Palm Springs is $2,201/mo.

How does Palm Springs rent compare to other cities in California?

Palm Springs is one of the more affordable cities in California for rent, ranking #319 out of 387 tracked cities at $2,201/mo.

Which nearby cities are cheaper to rent in than Palm Springs?

Desert Hot Springs is nearby and more affordable at $1,970/mo, which is $231 less than Palm Springs.

What percentage of Palm Springs residents rent vs. own?

According to Census data, approximately 34.1% of Palm Springs households are renters, while 65.9% are owner-occupied. Palm Springs leans toward homeownership, which can mean a smaller rental inventory.

How does Palm Springs rent compare to the national average?

Palm Springs's median rent of $2,201/mo is $236 (12%) above the US national median of $1,965/mo. Within California, it ranks #319 out of 387 tracked cities.
Income Affordability
36%
MODERATE

At $2,201/mo, rent takes ~36% of Palm Springs's median household income ($73,119/yr). The standard benchmark is 30%.

Palm Springs 36%Benchmark 30%
State income tax1–13.3%
Run the Palm Springs affordability calculator →
Lowest-rent ZIP codes in Palm Springs
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Palm Springs, CA

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