52 Luxury Apartments for rent in Palm Springs, CA

Last updated September 22 at 10:08AM
2389 E Francis Drive
Desert Park Estates
Palm Springs, CA
Updated September 13 at 8:39PM
3 Bedrooms
$4,000
1203 East Buena Vista Drive
Ruth Hardy Park
Palm Springs, CA
Updated May 29 at 5:22AM
2 Bedrooms
$5,000
845 North Calle De Pinos
Palm Springs
Palm Springs, CA
Updated September 21 at 10:19AM
2 Bedrooms
$2,600
5125 East Waverly Drive
Palm Springs
Palm Springs, CA
Updated September 21 at 10:19AM
2 Bedrooms
$2,400
343 BIG CANYON Drive
Historic Tennis Club
Palm Springs, CA
Updated August 15 at 5:34AM
3 Bedrooms
$5,500
940 East MURRAY CANYON Drive
Indian Canyons
Palm Springs, CA
Updated September 21 at 2:27PM
3 Bedrooms
$4,700
1498 East Baristo Road
Baristo
Palm Springs, CA
Updated August 31 at 12:53PM
3 Bedrooms
$3,600
1520 SPYGLASS Plaza
Palm Springs
Palm Springs, CA
Updated September 21 at 2:30PM
2 Bedrooms
$3,800
496 West DOMINGUEZ Road
Racquet Club West
Palm Springs, CA
Updated September 22 at 10:08AM
1 Bedroom
$2,195
577 North CALLE MARCUS
Ruth Hardy Park
Palm Springs, CA
Updated September 14 at 3:17AM
3 Bedrooms
$2,900
1150 East PALM CANYON Drive
Deepwell Estates
Palm Springs, CA
Updated August 15 at 5:34AM
3 Bedrooms
$3,100
1025 TAMARISK Road
Ruth Hardy Park
Palm Springs, CA
Updated August 15 at 5:26AM
3 Bedrooms
$4,950
2701 MESQUITE Avenue
Palm Springs
Palm Springs, CA
Updated August 15 at 5:34AM
2 Bedrooms
$2,800
3545 RIDGEVIEW Circle
Los Compadres
Palm Springs, CA
Updated September 22 at 2:37AM
3 Bedrooms
$3,400
496 West DOMINGUEZ Road
Racquet Club West
Palm Springs, CA
Updated August 24 at 1:36PM
2 Bedrooms
$2,495
1856 SANDCLIFF Road
Araby Commons
Palm Springs, CA
Updated August 15 at 5:34AM
2 Bedrooms
$3,800
2090 Acacia Road East
Ranch Club Estates
Palm Springs, CA
Updated September 13 at 9:30AM
4 Bedrooms
$2,500
1171 Palmas Ridge
Mountain Gate
Palm Springs, CA
Updated August 13 at 1:54AM
4 Bedrooms
$3,600
449 East Arenas Road
Downtown Palm Springs
Palm Springs, CA
Updated August 30 at 7:32PM
2 Bedrooms
$2,480
6250 PASEO DE LA PALMA
Palm Springs
Palm Springs, CA
Updated September 7 at 3:02AM
3 Bedrooms
$2,500
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Rent Report
Palm Springs

September 2017 Palm Springs Rent Report

Welcome to the September 2017 Palm Springs Rent Report. 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 increase sharply over the past month

Palm Springs rents have increased 0.7% over the past month, and are up moderately by 3.8% in comparison to the same time last year. Currently, median rents in Palm Springs stand at $910 for a one-bedroom apartment and $1,140 for a two-bedroom. Palm Springs' year-over-year rent growth lags the state average of 4.5%, but exceeds 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 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.

  • 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 grew 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 were up 0.1% over the past month and 6.8% over the past year.

Palm Springs rents more affordable than many large cities nationwide

As rents have increased in Palm Springs, a few large cities nationwide have seen also rents grow more modestly. Palm Springs is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, 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 Springs' median two-bedroom rent of $1,140 is slightly below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.8% rise in Palm Springs.
  • While Palm Springs' rents rose over the past year, many cities nationwide also saw increases, many cities nationwide also saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Phoenix (+4.9%).
  • Renters will find more reasonable prices in Palm Springs 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 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 $1,020 $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.