ZIP Code · CA

ZIP 92264

Pop. 19,899·Riverside County·762nd most expensive ZIP in California
Median rent (all units)
$2,155/mo
Year-over-Year
+4.0%
Month-over-Month
+1.0%
vs US Median
+$223
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 92264 · $2,155
More expensive than 69% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,800
1 BR
$1,890
2 BR
$2,340
3 BR
$3,100
4 BR+
$3,740
Research median
$2,340/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

July. Asking rents in ZIP 92264 usually run 1% below trend in July and 1% above it in October, about $43 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 92264 is at its highest level since Zillow's records here began in February 2015.

Past year vs. the rest of California

Rent in ZIP 92264 changed +4.0% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 92264 rose 66.5% while median household income rose 44.5% ($53,778 to $77,688). Rent outpaced income.

Since before the pandemic

Rent in ZIP 92264 is 66.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($77,688) is $1,942 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,890); a 2-bedroom is $2,340.

From Zillow's monthly rent index (ZORI) for ZIP 92264. 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.

Annual cost
$25,860/yr
At $2,155/mo median
Location
StateCA
CountyRiverside County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.0% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 92264 (Palm Springs, CA) is majority owner-occupied, has a large retiree population, 48.9% of residents hold a bachelor's degree or higher.

Population
19,899
Median income
$77,688
Median age
61.2
Renters
31.2%
Age distribution
20.7%
21.9%
40.1%
Under 185.4%
18–3411.9%
35–5420.7%
55–6421.9%
65+40.1%
Gender
60.7%
39.3%
Male60.7%
Female39.3%
Race & ethnicity
71.6%
19.9%
White71.6%
Black1.9%
Hispanic19.9%
Asian6.9%
Education (25+)
15.5%
30%
48.9%
No HS diploma5.7%
HS diploma15.5%
Some college30%
Bachelor's+48.9%
Housing tenure
68.8%
31.2%
Owner68.8%
Renter31.2%

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

2021 vs 2026

How ZIP 92264 in Palm Springs, CA has changed in 5 years

Rent
$1,456 → $2,155
up 48.0%
Income
$63,518 → $77,688
up 22.3%
Population
19,965 → 19,899
down 0.3%
Renter share
32.8% → 31.2%
-1.6 pts
Bachelor's+
44.8% → 48.9%
+4.1 pts
Median age
59.4 → 61.2
+1.8 yrs

Across the past five years, the going rent in ZIP 92264 in Palm Springs, CA has shifted from $1,456 to $2,155, up 48.0% since 2021. Household income in the area moved from $63,518 to $77,688 across the same window, up 22.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 32.8% to 31.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 44.8% to 48.9% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 92264 in Palm Springs, CA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 92264

Last updated: October 17, 2026

ZIP code 92264 covers Palm Springs, CA. The median rent here is $2,155/mo as of October 2026. A 1-bedroom rents for a median of $1,890/mo. A 2-bedroom rents for a median of $2,340/mo.

At 33% of local median household income ($77,688/yr), ZIP 92264 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 92264?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,155/mo in ZIP 92264. The local median household income is $77,688/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 92264?

Rent in ZIP 92264 has risen 4.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2015.

When is the cheapest time to rent in ZIP 92264?

Asking rents in ZIP 92264 are usually lowest in July, about 1% below their yearly trend, and highest in October, about 1% above it. At today's median that is a gap of roughly $43 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 92264?

Yes. From 2019 to 2024, rent in ZIP 92264 rose 66.5% while median household income rose 44.5%, from $53,778 to $77,688. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 92264 compare to other ZIPs in California?

ZIP 92264 is one of the more affordable among California ZIP codes for rent, ranking #762 of 898 at $2,155/mo. Over the year to September 2026, rent in ZIP 92264 changed +4.0%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 92264 compare to the rest of Palm Springs?

At $2,155/mo, ZIP 92264 is $88 above the Palm Springs citywide median of $2,067/mo.
Income Affordability
33%
MODERATE

At $2,155/mo, rent takes ~33% of ZIP 92264's median household income ($77,688/yr). The standard benchmark is 30%.

ZIP 92264 33%Benchmark 30%
State income tax1–13.3%
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