The Modern Cactus
311 S Sunrise Way,
Palm Springs, CA 92262
Studio - 2 Beds | $1,343 - $3,255
Rental Market Trends in Palm Springs, CA
What is the average rent in Palm Springs, CA?
$1,469/month
Average Rent
644 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of December 2024, the average rent in Palm Springs, CA is $1,469 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Palm Springs rent prices are 6% lower than the national average. When you rent an apartment in Palm Springs, you can expect to pay about $1,218 per month for a studio, $1,469 for a one-bedroom apartment, and around $1,845 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,307 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Palm Springs, CA?
In the past year, rent has decreased by 1.7%, which averages out to $25 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Palm Springs, CA
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
27%
$700 - $1,000/month
38%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Palm Springs?
Based on current rent prices, Demuth Park West, Baristo and Desert Highland-Gateway Estates are the most affordable neighborhoods in Palm Springs.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Palm Springs?
Based on current rent prices, Old Las Palmas, The Movie Colony and Sunrise Park are the most expensive neighborhoods in Palm Springs.
Neighborhood
Average Rent
Average Sq Ft
Which Palm Springs neighborhoods have the most rentals available?
The neighborhoods in Palm Springs with the most apartments available are Baristo, Racquet Club West and Downtown Palm Springs .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Palm Springs, CA?
Because the average rent in Palm Springs is $1,469, you’ll want to make about $4,896 per month or $58,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Palm Springs, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Palm Springs, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$692/month
$1,047/month
One Bedroom
$1,055/month
$901/month
Two Bedroom
$1,282/month
$1,172/month
Three Bedroom
$1,256/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.