Average Rent in Palm Springs, CA

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Current Versus Historical Palm Springs, CA Rents

Palm Springs rentals average $1,525 for a studio rental to $9,500 for a 4-bedroom rental. The median price of all currently available listings is $4,000, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $152 (11.04%) year-over-year from $1,373 to $1,525. 1-bedroom rentals prices have increased by $258 (14.78%) year-over-year from $1,743 to $2,000. 2-bedroom rentals prices have increased by $1,017 (44.55%) year-over-year from $2,283 to $3,300. 3-bedroom rentals prices have increased by $1,408 (35.50%) year-over-year from $3,967 to $5,375. 4-bedroom rentals prices have increased by $3,604 (81.99%) year-over-year from $4,396 to $8,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 18.26% this month. 1-bedroom rents have gone up by 12.20% this month. 2-bedroom rents have gone up by 12.53% this month. 3-bedroom rents have gone up by 5.22% this month. 4-bedroom rents have gone up by 22.14% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.30	$1,525	$1,373 (11.04%)	$1,040 (46.60%)
1 BR	$3.06	$2,000	$1,743 (14.78%)	$1,477 (35.38%)
2 BR	$2.80	$3,300	$2,283 (44.55%)	$2,567 (28.57%)
3 BR	$3.41	$5,375	$3,967 (35.50%)	$3,391 (58.52%)
4+ BR	$3.76	$8,000	$4,396 (81.99%)	$9,183 (-12.88%)

Historical Rents in Palm Springs, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Palm Springs

There are a total of 6 cities nearby Palm Springs. The average rent in Palm Springs is currently $6,200 per month. Only one city nearby has an average rent lower than that. Our records show that Cathedral City, CA, with an average rent of $4,000, is the most affordable city nearby. In contrast, the most expensive city near Palm Springs, CA is Indian Wells, CA. Monthly rents here are on average $8,000 per month.

Let's compare Palm Springs, CA's rent against other top cities nearby by bedroom size. One bedrooms are about 33.33% more affordable. Two bedrooms in Palm Springs, CA are about 30.71% more affordable. Finally, rent for three bedrooms are about 13.64% more affordable. Want more information? Check out the top 6 cities near Palm Springs, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Cathedral City, CA	$1,400	$3,200	$4,200	$4,000
Indio, CA	N/A	N/A	$3,925	$4,500
Palm Desert, CA	N/A	$2,400	$5,000	$5,400
Rancho Mirage, CA	N/A	$3,500	$5,000	$7,000
La Quinta, CA	N/A	$3,374	$4,400	$7,000
Indian Wells, CA	N/A	N/A	$4,750	$8,000

Top Neighborhoods Near Palm Springs

There are a total of 1 neighborhoods in or near Palm Springs. We've included all of these top 1 neighborhoods in or near Palm Springs, CA in the following chart.

The average rent for these 1 neighborhoods in or near Palm Springs, CA is currently around $6,000 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Palm Springs's average rent, which is only $4,000. Out of all the neighborhoods in or near Palm Springs, PGA West has the most affordable average rent at $6,000 per month. Whereas, at $6,000 average rent per month, PGA West is the most expensive neighborhood in or near Palm Springs. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
PGA West, La Quinta, CA	N/A	N/A	$4,600	$6,000

Top Counties Near Palm Springs

There are a total of 1 counties located by Palm Springs, CA.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Palm Springs

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Palm Springs Average Rents

What is the average rent price in Palm Springs, CA?

The average monthly rental price for Palm Springs, CA apartments for rent is approximately $4,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Palm Springs, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Palm Springs, CA.

How much is a studio apartment in Palm Springs, CA?

The average monthly rental price for studio apartments is $1,525 and an average price per square feet of $4.30. There are a total of 2 studio apartment listings currently available for rent in Palm Springs.

How much is a one bedroom apartment in Palm Springs, CA?

The average monthly rental price for one bedroom apartments is $2,100 and an average price per square feet of $3.06. There are a total of 35 one bedroom apartment listings currently available for rent in Palm Springs.

How much is a two bedroom apartment in Palm Springs, CA?

The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $2.80. There are a total of 69 two bedroom apartment listings currently available for rent in Palm Springs.

How have rent prices in Palm Springs, CA changed this year?

Rent prices for rentals in Palm Springs, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.45%, and three bedroom rental prices have changed by 0.36% year-over-year.

What is a reasonable rent price in Palm Springs, CA?

A reasonable rent price in Palm Springs, CA is around $3,200/month. You can search for these reasonably priced rental listings on RentHop.