Rents are 5% 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 $2,301 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: August 17, 2026
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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 $518 per month, settling near $2,301 after starting the period at $1,783. Census figures show median household income at $61,739 today, compared with $51,358 five years earlier. Rent outpaced income growth by roughly 8.9 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 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.
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Can you afford rent in Palm Springs on your salary?
At $2,301/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: August 17, 2026
The median rent in Palm Springs is $2,301/mo as of August 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 45% of local median household income ($61,739/yr), Palm Springs ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.
Frequently asked questions
Is Palm Springs an affordable city for renters?
How much income do you need to rent in Palm Springs?
Is rent going up or down in Palm Springs?
How does Palm Springs rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Palm Springs?
What percentage of Palm Springs residents rent vs. own?
How does Palm Springs rent compare to the national average?
At $2,301/mo, rent takes ~45% of Palm Springs's median household income ($61,739/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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