Canyon Villas Place
520 E Murray Canyon Dr,
Palm Springs, CA 92264
1-2 Beds | $1,850 - $2,695
Rental Market Trends in Palm Springs, CA
Updated July 2026
The average rent in Palm Springs, CA is $1,505/month.
Rent in Palm Springs is roughly equal to the national average rent of of $1,662/month.
$1,505/month
Average Rent
647 Sq Ft
Average Size
-0.3%
Change / Year
485
Available Apartments
Palm Springs rent varies by unit size and layout:
- Studio apartments in Palm Springs average $1,255 per month.
- One-bedroom apartments in Palm Springs average $1,505 per month.
- Two-bedroom apartments in Palm Springs average $1,845 per month.
- Three-bedroom apartments in Palm Springs average $2,462 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Palm Springs, CA?
In the past year, rent has decreased by 0.3%, which averages out to $4 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Palm Springs, CA
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
27%
$700 - $1,000/month
35%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Palm Springs?
Based on current rent prices, Desert Highland-Gateway Estates, Racquet Club West and Baristo 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, Downtown Palm Springs, Sunrise Park and Baristo 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 Desert Highland-Gateway Estates .
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 $1,505, you’ll want to make about $5,016 per month or $60,192 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.
Cost of Living
The cost of living in Palm Springs, CA is 22.9% higher than the national average. Generally, housing in Palm Springs is 46.2% more expensive than the national average, with rent falling between $1,255 - $2,462. You can expect to pay 17.4% more for groceries, 9.6% more for utilities, and 15.9% more for transportation.
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.
View the Palm Springs Area GuideStudio
-
$1,677/month
One Bedroom
-
$2,177/month
Two Bedroom
-
$2,310/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Palm Springs?
The average rent in Palm Springs is $1,505 per month, which is 9.4% lower than the national average of $1,662.
What is the average rent for a house in Palm Springs?
The average rent for a house in Palm Springs, CA is $5,618 per month.
What is the average rent for a townhome in Palm Springs?
The average rent for a townhome in Palm Springs, CA is $2,746 per month.
What is the average rent for a condo in Palm Springs?
The average rent for a condo in Palm Springs, CA is $2,002 per month.
Are rents going up or down in Palm Springs?
Rents in Palm Springs, CA are decreasing, with prices down 0.3% year-over-year and $4 less per month.
What rent range is most common in Palm Springs?
In Palm Springs, CA, 35% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.