Rents are 9% below what Palm Springs's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,105 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
April. Asking rents in Palm Springs usually run 1.2% below trend in April and 1.2% above it in October, about $51 a month apart at today's median. Based on 5 years of data.
Rent in Palm Springs is 0% below its high of $2,106 in June 2025, at $2,105 as of September 2026.
Rent in Palm Springs changed +2.5% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has risen 4 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($61,739) is $1,543 a month. That covers HUD's Fair Market Rent for up to a studio ($1,480); a 1-bedroom is $1,660.
Century Village, 7 miles away, rents for 31% less ($1,451/mo), about $7,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Palm Springs. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Palm Springs, FL is roughly split between renters and owners, has a median income below the national average, 17.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Palm Springs, FL has changed in 5 years
Compared with 2022, rent in Palm Springs, FL has climbed by $343 per month, settling near $2,105 after starting the period at $1,762. Census figures show median household income at $61,739 today, compared with $51,358 five years earlier. Headcount in the area went from 26,611 to 27,356 between 2021 and 2024, a 2.8% change. About 51.7% of households rent today, against 55.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.
Discussions about Palm Springs
No discussions yet. Start the conversation.
Can you afford rent in Palm Springs on your salary?
At $2,105/mo, how Palm Springs rent compares to typical pay (30% rule).
Palm Springs rent by bedroom count
Median rent for each apartment size in Palm Springs. Click any size for full breakdown.
Tips for renters in Palm Springs
Last updated: October 17, 2026
The median rent in Palm Springs is $2,105/mo as of October 2026. A studio apartment averages $1,480/mo while a 2-bedroom runs $1,980/mo. One-bedroom apartments average $1,660/mo and 3-bedroom units go for $2,590/mo.
At 41% of local median household income ($61,739/yr), Palm Springs ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
How much income do you need to rent in Palm Springs?
Is rent going up or down in Palm Springs?
When is the cheapest time to rent in Palm Springs?
How does Palm Springs rent compare to other cities in Florida?
At $2,105/mo, rent takes ~41% of Palm Springs's median household income ($61,739/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Palm Springs.
No discussions yet.