135 Luxury Apartments for rent in Palm Desert, CA

Last updated September 21 at 10:26AM
714 Red Arrow
Indian Ridge Cpountry Club
Palm Desert, CA
Updated July 28 at 9:27AM
2 Bedrooms
$5,700
37784 Pineknoll Avenue
Sun City Palm Desert
Palm Desert, CA
Updated April 18 at 11:11PM
3 Bedrooms
$4,200
78621 Falsetto Drive
Sun City Palm Desert
Palm Desert, CA
Updated September 21 at 10:26AM
3 Bedrooms
$3,950
77542 Malone Circle
Palm Desert
Palm Desert, CA
Updated August 11 at 2:41AM
4 Bedrooms
$4,000
186 Madrid Avenue
Palm Desert
Palm Desert, CA
Updated September 21 at 10:14AM
3 Bedrooms
$4,500
848 Fire Dance Lane
Indian Ridge Cpountry Club
Palm Desert, CA
Updated July 23 at 2:33AM
4 Bedrooms
$10,000
108 White Horse Trail
Indian Ridge Cpountry Club
Palm Desert, CA
Updated May 23 at 10:57PM
3 Bedrooms
$8,000
259 Calle Del Verano
Palm Desert
Palm Desert, CA
Updated September 21 at 10:14AM
2 Bedrooms
$3,800
720 Vista Lago Drive
Desert Falls
Palm Desert, CA
Updated September 16 at 9:38AM
2 Bedrooms
$3,800
379 Tomahawk Drive
Indian Ridge Cpountry Club
Palm Desert, CA
Updated April 18 at 11:11PM
3 Bedrooms
$7,500
473 Desert Holly Drive
Indian Ridge Cpountry Club
Palm Desert, CA
Updated September 12 at 9:16AM
3 Bedrooms
$7,000
303 Durango
Palm Desert
Palm Desert, CA
Updated December 31 at 7:28PM
2 Bedrooms
$3,800
78310 Gray Hawk Drive
Sun City Palm Desert
Palm Desert, CA
Updated August 5 at 11:53AM
2 Bedrooms
$3,800
73308 Juniper Street
South Palm Desert
Palm Desert, CA
Updated September 21 at 10:23AM
5 Bedrooms
$6,500
31 Camino Arroyo South
Palm Desert
Palm Desert, CA
Updated June 21 at 10:27AM
3 Bedrooms
$4,000
400 South Sierra Madre
Palm Desert
Palm Desert, CA
Updated August 12 at 5:58PM
2 Bedrooms
$4,000
278 San Vicente Circle
Palm Desert
Palm Desert, CA
Updated March 15 at 9:13PM
2 Bedrooms
$4,200
77355 New Mexico Drive
Palm Desert
Palm Desert, CA
Updated September 21 at 10:08AM
3 Bedrooms
$4,200
39547 Manorgate Road
Sun City Palm Desert
Palm Desert, CA
Updated September 21 at 10:19AM
2 Bedrooms
$4,500
697 Arrowhead Drive
Indian Ridge Cpountry Club
Palm Desert, CA
Updated August 14 at 2:21AM
3 Bedrooms
$5,800
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Rent Report
Palm Desert

September 2017 Palm Desert Rent Report

Welcome to the September 2017 Palm Desert Rent Report. Palm Desert rents remained steady over the past month. In this report, we'll evaluate trends in the Palm Desert rental market, including comparisons to cities throughout the metro, state, and nation.

Palm Desert rents held steady over the past month

Palm Desert rents have remained flat over the past month, however, they have increased 0.4% year-over-year. Currently, median rents in Palm Desert stand at $950 for a one-bedroom apartment and $1,190 for a two-bedroom. Palm Desert's year-over-year rent growth lags the state average of 4.5%, as well as the national average of 3.0%.

Rents rising across the Riverside Metro

Throughout the past year, rent increases have been occurring not just in the city of Palm Desert, but across the entire metro. Of the largest 10 cities that we have data for in the Riverside metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Ontario has seen the fastest rent growth in the metro, with a year-over-year increase of 7.0%. The median two-bedroom there costs $1,460, while one-bedrooms go for $1,170.
  • Over the past month, Indio has seen the biggest rent drop in the metro, with a decline of 0.4%. Median two-bedrooms there cost $1,200, while one-bedrooms go for $960.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,030; rents were up 0.6% over the past month and 4.0% over the past year.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,130; rents increased 0.1% over the past month and 6.8% over the past year.

Palm Desert rents more affordable than many large cities nationwide

Rent growth in Palm Desert has been relatively stable over the past year - some other large cities have seen more substantial increases. Palm Desert is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with California as a whole logging rent growth of 4.5% over the past year. For example, rents have grown by 5.0% in Los Angeles, 4.6% in San Diego, and 2.2% in San Jose.
  • Palm Desert's median two-bedroom rent of $1,190 is slightly above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.4% rise in Palm Desert.
  • While rents in Palm Desert remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Phoenix (+4.9%); note that median 2BR rents in these cities go for $1,710, $1,740, and $1,020 respectively.
  • Renters will find more reasonable prices in Palm Desert than most large cities. For example, San Jose has a median 2BR rent of $2,580, which is more than twice the price in Palm Desert.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Riverside $1,020 $1,280 -0.3% 3.7%
San Bernardino $830 $1,030 0.6% 4.0%
Fontana $1,020 $1,280 -0.2% 1.8%
Moreno Valley $1,340 $1,670 -0.2% 5.9%
Rancho Cucamonga $1,360 $1,700 0.5% 6.7%
Ontario $1,170 $1,460 0.1% 7.0%
Corona $1,700 $2,130 0.1% 6.8%
Murrieta $1,390 $1,740 0.6% 5.6%
Indio $960 $1,200 -0.4% 3.2%
Chino Hills $1,520 $1,930 1.3% 4.9%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.