16 Cheap Apartments for rent in Palm Springs, CA

Last updated November 21 at 11:44am UTC
970 East PAROCELA Place
Warm Sands
Palm Springs, CA
Updated November 18 at 5:28pm UTC
1 Bedroom
$850
Results within 5 miles of Palm Springs, CA
66456 2nd Street
Desert Hot Springs
Desert Hot Springs, CA
Updated November 21 at 1:26am UTC
Studio
$600
52791 Pine Cove Rd
Pine Cove
Idyllwild-Pine Cove, CA
Updated November 16 at 12:29pm UTC
1 Bedroom
$675
Results within 10 miles of Palm Springs, CA
49366 Canyon House Road
Morongo Valley
Morongo Valley, CA
Updated October 27 at 2:05am UTC
Studio
$600
145 N Victoria Avenue
Heritage
San Jacinto, CA
Updated November 21 at 1:51am UTC
2 Bedrooms
$750
Results within 20 miles of Palm Springs, CA
62812 Lind Lane
Joshua Tree
Joshua Tree, CA
Updated November 16 at 12:03pm UTC
2 Bedrooms
$875
7407 Cherokee Trail #1
Yucca Valley
Yucca Valley, CA
Updated November 18 at 11:18am UTC
2 Bedrooms
$675
61529 Division St. Unit 1
Joshua Tree
Joshua Tree, CA
Updated November 17 at 10:56am UTC
2 Bedrooms
$825
43275 Hacienda Street
Hemet
Hemet, CA
Updated November 19 at 9:58am UTC
1 Bedroom
$900
56223 Navajo #B
Yucca Valley
Yucca Valley, CA
Updated November 21 at 11:44am UTC
Studio
$625
584 Toledo Drive
Hemet
Hemet, CA
Updated November 16 at 12:17pm UTC
2 Bedrooms
$850
63663 4th Street
Joshua Tree
Joshua Tree, CA
Updated November 14 at 11:02am UTC
3 Bedrooms
$825
630 Santa Clara Ct.
Hemet
Hemet, CA
Updated November 20 at 11:52am UTC
2 Bedrooms
$775
66338 2nd Street
Desert Hot Springs
Desert Hot Springs, CA
Updated November 21 at 1:26am UTC
1 Bedroom
$775
7145 Barberry Ave
Yucca Valley
Yucca Valley, CA
Updated November 15 at 2:23am UTC
2 Bedrooms
$850
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November 2017 Palm Springs Rent Report

Welcome to the November 2017 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

November 2017 Palm Springs Rent Report

Welcome to the November 2017 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 rent trends were flat over the past month

Palm Springs rents have remained flat over the past month, however, they have increased moderately by 3.9% 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 4.3%, but exceeds the national average of 2.7%.

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.

  • Moreno Valley has seen the fastest rent growth in the metro, with a year-over-year increase of 6.8%. The median two-bedroom there costs $1,690, while one-bedrooms go for $1,350.
  • Over the past month, Ontario has seen the biggest rent drop in the metro, with a decline of 0.7%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,160.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,140; rents increased 0.6% over the past month and 6.2% over the past year.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,040; rents grew 0.7% over the past month and 3.9% over the past year.

Palm Springs rents more affordable than many large cities nationwide

As rents have increased moderately in Palm Springs, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Palm Springs is still more affordable than most large cities across the country.

  • Rents increased significantly in other cities across the state, with California as a whole logging rent growth of 4.3% over the past year. For example, rents have grown by 4.0% in San Diego, 3.9% in Los Angeles, and 3.0% in San Jose.
  • Palm Springs' median two-bedroom rent of $1,150 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.9% increase in Palm Springs.
  • While Palm Springs' rents rose moderately over the past year, the city of Portland saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Palm Springs than most large cities. For example, San Jose has a median 2BR rent of $2,570, 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 $1,030 $1,290 0.6% 4.4%
San Bernardino $830 $1,040 0.7% 3.9%
Fontana $1,040 $1,300 2.0% 3.6%
Moreno Valley $1,350 $1,690 1.0% 6.8%
Rancho Cucamonga $1,350 $1,690 0.0% 4.8%
Ontario $1,160 $1,450 -0.7% 5.4%
Corona $1,710 $2,140 0.6% 6.2%
Murrieta $1,390 $1,730 -0.2% 5.5%
Indio $960 $1,210 0.8% 3.5%
Chino Hills $1,520 $1,930 -0.6% 4.8%
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.