City Report · CA

Rancho Mirage

Pop. 17,563·44th most expensive in California·Rancho Mirage rents have dropped 12.4%, currently a renter's market
Median rent (all units)
$3,947/mo
Year-over-Year
-12.4%
Month-over-Month
+2.6%
vs US Median
+$1,985
Rising (Monthly)
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Most AffordableMost Expensive
Rancho Mirage · $3,947
More expensive than 98% of US cities · National median $1,962/mo
Rent Reality Score
80/100
Great value
OverheatedFairGreat value

Rents are 15% below what Rancho Mirage's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$3,947/mo
Expected by trend
$4,648/mo
The Rent Reality Score compares today's median rent to where Rancho Mirage's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,850
1 BR
$1,930
2 BR
$2,400
3 BR
$3,200
4 BR+
$3,900
Fair Market Rent (HUD)
$2,400/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,947 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$47,364/yr
At $3,947/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 12.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-12.4% YoY, +2.6% MoM), not inventory.
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Demographics

Who lives here

Rancho Mirage, CA is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.6% of residents hold a bachelor's degree or higher.

Population
17,563
Median income
$107,364
Median age
66.1
Renters
18%
Age distribution
15%
17.8%
52.6%
Under 188.3%
18–346.3%
35–5415%
55–6417.8%
65+52.6%
Gender
52.9%
47.1%
Male52.9%
Female47.1%
Race & ethnicity
79.3%
14.1%
White79.3%
Black1.8%
Hispanic14.1%
Asian3.9%
Other0.9%
Education (25+)
16.4%
29.6%
48.6%
No HS diploma5.5%
HS diploma16.4%
Some college29.6%
Bachelor's+48.6%
Housing tenure
82%
18%
Owner82%
Renter18%

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

2022 vs 2026

How Rancho Mirage, CA has changed in 5 years

Rent
$3,056 → $3,947
up 29.2%
Income
$95,158 → $107,364
up 12.8%
Population
17,129 → 17,563
up 2.5%
Renter share
19.8% → 18%
-1.8 pts
Bachelor's+
44.3% → 48.6%
+4.3 pts
Median age
65 → 66.1
+1.1 yrs

Compared with 2022, rent in Rancho Mirage, CA has increased by $891 per month, settling near $3,947 after starting the period at $3,056. Household income in the area moved from $95,158 to $107,364 across the same window, up 12.8% versus 2021. Rent outpaced income growth by roughly 16.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 17,129 to 17,563 between 2021 and 2024, a 2.5% change. About 18% of households rent today, against 19.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.3% to 48.6%. Reading these numbers side by side helps frame whether current listings in Rancho Mirage, CA look reasonable against where the market sat half a decade ago.

Community

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View Rancho Mirage rent history (2015–2026) →
Salary vs rent

Can you afford rent in Rancho Mirage on your salary?

At $3,947/mo, how Rancho Mirage rent compares to typical pay (30% rule).

By apartment size

Rancho Mirage rent by bedroom count

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

Local insights

Tips for renters in Rancho Mirage

About renting in Rancho Mirage, CA

Last updated: August 17, 2026

The median rent in Rancho Mirage is $3,947/mo as of August 2026. A studio apartment averages $1,850/mo while a 2-bedroom runs $2,400/mo. One-bedroom apartments average $1,930/mo and 3-bedroom units go for $3,200/mo.

At 44% of local median household income ($107,364/yr), Rancho Mirage ranks as moderate compared to the national benchmark of 30%. Rents have decreased 12.4% over the past year.

FAQ

Frequently asked questions

Is Rancho Mirage an affordable city for renters?

Rancho Mirage is considered stretched for renters. At $3,947/mo, rent takes approximately 44% of the local median household income ($107,364/yr). The standard benchmark is 30%. Rancho Mirage significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Rancho Mirage?

To keep rent at or below 30% of gross income, you would need to earn at least $158,000/year (~$76/hour full-time) to afford the median rent of $3,947/mo in Rancho Mirage. The local median household income is $107,364/yr, meaning the typical Rancho Mirage household falls short of that threshold.

Is rent going up or down in Rancho Mirage?

Rent in Rancho Mirage has decreased 12.4% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Rancho Mirage rent compare to other cities in California?

Rancho Mirage is one of the pricier cities in California for rent, ranking #44 out of 381 tracked cities at $3,947/mo.

Which nearby cities are cheaper to rent in than Rancho Mirage?

Several nearby cities have lower median rents than Rancho Mirage ($3,947/mo): Desert Hot Springs ($2,020/mo), Palm Springs ($2,069/mo), Cathedral City ($2,321/mo).

What percentage of Rancho Mirage residents rent vs. own?

According to Census data, approximately 18% of Rancho Mirage households are renters, while 82% are owner-occupied. Rancho Mirage leans toward homeownership, which can mean a smaller rental inventory.

How does Rancho Mirage rent compare to the national average?

Rancho Mirage's median rent of $3,947/mo is $1,985 (101%) above the US national median of $1,962/mo. Within California, it ranks #44 out of 381 tracked cities.
Income Affordability
44%
STRETCHED

At $3,947/mo, rent takes ~44% of Rancho Mirage's median household income ($107,364/yr). The standard benchmark is 30%.

Rancho Mirage 44%Benchmark 30%
State income tax1–13.3%
Run the Rancho Mirage affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Rancho Mirage, CA

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