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City Report · FL

Palm Springs

Pop. 27,356·136th most expensive in Florida·Rental market data updated monthly for Palm Springs, FL
Median rent (all units)
$2,168/mo
Year-over-Year
-0.9%
Month-over-Month
+2.0%
vs US Median
+$203
Rising (Monthly)
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Most AffordableMost Expensive
Palm Springs · $2,168
More expensive than 68% of US cities · National median $1,965/mo
Rent Reality Score
71/100
Good value
OverheatedFairGreat value

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

Actual rent
$2,168/mo
Expected by trend
$2,416/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
$1,480
1 BR
$1,660
2 BR
$1,980
3 BR
$2,590
4 BR+
$3,090
Research median
$1,980/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
$26,016/yr
At $2,168/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-0.9% YoY, +2.0% MoM), not inventory.
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Demographics

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.

Population
27,356
Median income
$61,739
Median age
37.2
Renters
51.7%
Age distribution
22.8%
23.5%
31.7%
12.6%
Under 1822.8%
18–3423.5%
35–5431.7%
55–649.4%
65+12.6%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
23.8%
15.1%
62.1%
White23.8%
Black15.1%
Hispanic62.1%
Asian3.5%
Education (25+)
25.7%
34.4%
22.2%
17.7%
No HS diploma25.7%
HS diploma34.4%
Some college22.2%
Bachelor's+17.7%
Housing tenure
48.3%
51.7%
Owner48.3%
Renter51.7%

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

2022 vs 2026

How Palm Springs, FL has changed in 5 years

Rent
$1,783 → $2,168
up 21.6%
Income
$51,358 → $61,739
up 20.2%
Population
26,611 → 27,356
up 2.8%
Renter share
55.1% → 51.7%
-3.4 pts
Bachelor's+
18.1% → 17.7%
-0.4 pts

Compared with 2022, rent in Palm Springs, FL has climbed by $385 per month, settling near $2,168 after starting the period at $1,783. 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.

Community

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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 $2,168/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, FL

Last updated: July 20, 2026

The median rent in Palm Springs is $2,168/mo as of July 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 42% of local median household income ($61,739/yr), Palm Springs ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.9% over the past year.

FAQ

Frequently asked questions

Is Palm Springs an affordable city for renters?

Palm Springs is considered stretched for renters. At $2,168/mo, rent takes approximately 42% of the local median household income ($61,739/yr). The standard benchmark is 30%. Palm Springs significantly exceeds that threshold, making it challenging for many renters.

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 $87,000/year (~$42/hour full-time) to afford the median rent of $2,168/mo in Palm Springs. The local median household income is $61,739/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 decreased 0.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

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

Palm Springs is middle-of-the-pack for Florida for rent, ranking #136 out of 288 tracked cities at $2,168/mo.

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

Greenacres is nearby and more affordable at $2,067/mo, which is $101 less than Palm Springs.

What percentage of Palm Springs residents rent vs. own?

According to Census data, approximately 51.7% of Palm Springs households are renters, while 48.3% are owner-occupied. With a majority renter population, Palm Springs has a strong rental market.

How does Palm Springs rent compare to the national average?

Palm Springs's median rent of $2,168/mo is $203 (10%) above the US national median of $1,965/mo. Within Florida, it ranks #136 out of 288 tracked cities.
Income Affordability
42%
STRETCHED

At $2,168/mo, rent takes ~42% of Palm Springs's median household income ($61,739/yr). The standard benchmark is 30%.

Palm Springs 42%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Palm Springs, FL

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