190 Luxury Apartments for rent in Palm Springs, CA

Last updated July 23 at 2:43pm UTC
500 South FARRELL Drive
Palm Springs
Palm Springs, CA
Updated July 23 at 2:43pm UTC
2 Bedrooms
$2,200
435 BRADSHAW Lane
Palm Springs
Palm Springs, CA
Updated July 22 at 6:15pm UTC
2 Bedrooms
$2,310
1150 East ADOBE Way
Racquet Club Estates
Palm Springs, CA
Updated July 22 at 6:50am UTC
3 Bedrooms
$4,000
1485 North Avenida Caballeros
El Mirador
Palm Springs, CA
Updated July 22 at 2:16am UTC
4 Bedrooms
$3,000
587 North SATURMINO Drive
Sunrise Park
Palm Springs, CA
Updated July 21 at 10:10pm UTC
3 Bedrooms
$3,300
489 DESERT LAKES Drive
Melody Ranch
Palm Springs, CA
Updated July 20 at 2:21pm UTC
1 Bedroom
$2,000
1856 SANDCLIFF Road
Araby Commons
Palm Springs, CA
Updated July 20 at 2:33am UTC
2 Bedrooms
$3,800
688 East SPENCER Drive
Racquet Club Estates
Palm Springs, CA
Updated July 19 at 6:39pm UTC
3 Bedrooms
$6,565
523 DESERT LAKES Drive
Melody Ranch
Palm Springs, CA
Updated July 19 at 2:34pm UTC
2 Bedrooms
$2,200
397 West Dominguez Road
Palm Springs
Palm Springs, CA
Updated July 14 at 6:34am UTC
2 Bedrooms
$3,250
1332 South TIFFANY Circle
Baristo
Palm Springs, CA
Updated July 11 at 11:19pm UTC
2 Bedrooms
$3,300
2252 Miramonte Circle East
Melody Ranch
Palm Springs, CA
Updated July 23 at 2:31pm UTC
3 Bedrooms
$3,000
5300 East Waverly Drive East
Palm Springs
Palm Springs, CA
Updated July 23 at 2:29pm UTC
1 Bedroom
$2,200
372 S. Monte Vista Dr
Historic Tennis Club
Palm Springs, CA
Updated July 19 at 9:45am UTC
3 Bedrooms
$2,650
1136 South TIFFANY Circle
Baristo
Palm Springs, CA
Updated July 18 at 6:46pm UTC
3 Bedrooms
$3,600
1319 TROFEO Circle
Sunrise Vista Chino
Palm Springs, CA
Updated July 16 at 2:40pm UTC
2 Bedrooms
$3,300
1150 East PALM CANYON Drive
Deepwell Estates
Palm Springs, CA
Updated July 15 at 2:47am UTC
3 Bedrooms
$3,100
564 North Cantera Circle
Palm Springs
Palm Springs, CA
Updated July 15 at 2:33am UTC
3 Bedrooms
$3,200
5301 East Waverly Drive
Palm Springs
Palm Springs, CA
Updated July 14 at 6:34am UTC
2 Bedrooms
$2,400
357 East AVENIDA GRANADA
Canyon Corridor
Palm Springs, CA
Updated July 13 at 6:48am UTC
2 Bedrooms
$2,950
257 CALLE LA SOLEDAD
Historic Tennis Club
Palm Springs, CA
Updated July 13 at 3:03am UTC
3 Bedrooms
$3,500
6210 DRIVER Road
Palm Springs
Palm Springs, CA
Updated July 11 at 10:18am UTC
2 Bedrooms
$2,800
510 South Beverly Drive
Ramon Rise Estates
Palm Springs, CA
Updated July 9 at 10:34am UTC
4 Bedrooms
$3,200
1463 East Gem Circle
Palm Springs
Palm Springs, CA
Updated July 4 at 2:50pm UTC
3 Bedrooms
$4,000

July 2018 Palm Springs Rent Report

Welcome to the July 2018 Palm Springs Rent Report. Palm Springs rents declined 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

July 2018 Palm Springs Rent Report

Welcome to the July 2018 Palm Springs Rent Report. Palm Springs rents declined 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 declined moderately over the past month

Palm Springs rents have declined 0.3% over the past month, but have increased slightly by 1.3% in comparison to the same time last year. Currently, median rents in Palm Springs stand at $920 for a one-bedroom apartment and $1,150 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in March. Palm Springs' year-over-year rent growth lags the state average of 2.1%, as well as the national average of 1.4%.

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 4.8%. The median two-bedroom there costs $1,750, while one-bedrooms go for $1,400.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,190; rents increased 0.4% over the past month and 3.2% over the past year.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,060; rents grew 0.7% over the past month and 3.3% 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 slightly in other cities across the state, with California as a whole logging rent growth of 2.1% over the past year. For example, rents have grown by 1.7% in San Jose, 1.6% in Los Angeles, and 1.0% in San Diego.
  • Palm Springs' median two-bedroom rent of $1,150 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.3% increase in Palm Springs.
  • While Palm Springs' rents rose slightly over the past year, some cities nationwide saw decreases, including Portland (-3.1%) and Seattle (-2.0%).
  • Renters will find more reasonable prices in Palm Springs than most large cities. For example, San Jose has a median 2BR rent of $2,610, 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 $1,320 0.3% 2.9%
San Bernardino $850 $1,060 0.7% 3.3%
Fontana $1,060 $1,330 0.6% 3.8%
Moreno Valley $1,370 $1,710 0.2% 2.1%
Rancho Cucamonga $1,400 $1,750 0.9% 4.8%
Ontario $1,190 $1,490 0.2% 2.3%
Corona $1,750 $2,190 0.4% 3.2%
Murrieta $1,390 $1,740 0.1% 2.0%
Indio $970 $1,210 0.2% 0.7%
Chino Hills $1,570 $1,990 0.4% 3.6%
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.