5 Cheap Apartments for rent in Palm Springs, CA

Last updated June 23 at 2:35pm UTC
580 Calle Palo Fierro #1
Warm Sands
Palm Springs, CA
Updated June 20 at 10:37am UTC
Studio
$850
Results within 5 miles of Palm Springs, CA
9649 Spyglass Avenue
Desert Hot Springs
Desert Hot Springs, CA
Updated June 23 at 2:35pm UTC
1 Bedroom
$875
66456 2ND ST #C
Desert Hot Springs
Desert Hot Springs, CA
Updated May 31 at 11:04am UTC
Studio
$600
66466 4th St
Desert Hot Springs
Desert Hot Springs, CA
Updated May 31 at 2:02am UTC
2 Bedrooms
$900
Results within 10 miles of Palm Springs, CA
46155 Portola Avenue 309
Shadow Mountain Golf Estates
Palm Desert, CA
Updated June 21 at 10:42am UTC
Studio
$850

June 2018 Palm Springs Rent Report

Welcome to the June 2018 Palm Springs Rent Report. Palm Springs rents remained steady over the past month. In this report, we'll evaluate trends in the Palm Springs rental market, including comparisons to cities throughout the metro, state, and nation.

View full Palm Springs Rent Report
Rent Report
Palm Springs

June 2018 Palm Springs Rent Report

Welcome to the June 2018 Palm Springs Rent Report. Palm Springs rents remained steady over the past month. In this report, we'll evaluate trends in the Palm Springs rental market, including comparisons to cities throughout the metro, state, and nation.

Palm Springs rents held steady over the past month

Palm Springs rents have remained flat over the past month, however, they are up slightly by 1.5% year-over-year. Currently, median rents in Palm Springs stand at $920 for a one-bedroom apartment and $1,150 for a two-bedroom. Palm Springs' year-over-year rent growth lags the state average of 2.2%, but is in line with the national average of 1.5%.

Rents rising across the Riverside Metro

Throughout the past year, rent increases have been occurring not just in the city of Palm Springs, 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.

  • Rancho Cucamonga has seen the fastest rent growth in the metro, with a year-over-year increase of 4.2%. The median two-bedroom there costs $1,740, while one-bedrooms go for $1,390.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,180; rents grew 0.5% over the past month and 3.0% over the past year.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,050; rents were up 1.0% over the past month and 2.7% over the past year.

Palm Springs rents more affordable than many large cities nationwide

As rents have increased slightly in Palm Springs, large cities nationwide have seen rents grow more quickly. Palm Springs is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with California as a whole logging rent growth of 2.2% over the past year. For example, rents have grown by 2.2% in San Jose, 1.9% in Los Angeles, and 1.8% in San Diego.
  • Palm Springs' median two-bedroom rent of $1,150 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year, which matches the rise in Palm Springs.
  • While Palm Springs' rents rose slightly over the past year, some cities nationwide saw decreases, including Portland (-2.2%) and Seattle (-0.8%).
  • Renters will find more reasonable prices in Palm Springs than most large cities. For example, San Jose has a median 2BR rent of $2,600, which is more than twice the price in Palm Springs.

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 $1,050 $1,310 0.1% 2.9%
San Bernardino $840 $1,050 1.0% 2.7%
Fontana $1,050 $1,320 0.6% 3.0%
Moreno Valley $1,360 $1,710 0.3% 1.0%
Rancho Cucamonga $1,390 $1,740 1.1% 4.2%
Ontario $1,190 $1,490 0.1% 2.8%
Corona $1,740 $2,180 0.5% 3.0%
Murrieta $1,390 $1,740 0.3% 2.3%
Indio $970 $1,210 -0.0% 1.6%
Chino Hills $1,560 $1,980 0.4% 2.8%
See more

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.