58 Luxury Apartments for rent in Palm Springs, CA

Last updated November 23 at 7:33pm UTC
1347 PRIMAVERA Drive
Deepwell Estates
Palm Springs, CA
Updated October 5 at 2:18am UTC
3 Bedrooms
$4,500
1203 East Buena Vista Drive
Ruth Hardy Park
Palm Springs, CA
Updated October 27 at 9:16am UTC
2 Bedrooms
$5,000
1099 Oro Rdg
Mountain Gate
Palm Springs, CA
Updated November 23 at 7:33pm UTC
5 Bedrooms
$2,550
2545 Miramonte Circle West
Melody Ranch
Palm Springs, CA
Updated August 30 at 2:27am UTC
2 Bedrooms
$2,700
7730 Paseo Azulejo
Cathedral Canyon Country Club
Palm Springs, CA
Updated November 22 at 9:13am UTC
2 Bedrooms
$2,150
1171 Palmas Ridge
Mountain Gate
Palm Springs, CA
Updated October 17 at 1:56am UTC
4 Bedrooms
$3,600
1463 East Gem Circle
Palm Springs
Palm Springs, CA
Updated November 4 at 1:51am UTC
3 Bedrooms
$4,000
1319 TROFEO Circle
Sunrise Vista Chino
Palm Springs, CA
Updated October 28 at 6:15pm UTC
2 Bedrooms
$3,200
1521 VIA ROBERTO MIGUEL
El Rancho Vista Estates
Palm Springs, CA
Updated November 21 at 1:46am UTC
3 Bedrooms
$3,650
2231 N Leonard Road
Chino Canyon
Palm Springs, CA
Updated November 9 at 12:05pm UTC
3 Bedrooms
$3,600
2436 South Sierra Madre
Canyon Corridor
Palm Springs, CA
Updated November 16 at 9:27am UTC
3 Bedrooms
$2,250
2345 South CHEROKEE Way
Melody Ranch
Palm Springs, CA
Updated August 15 at 5:25am UTC
2 Bedrooms
$2,600
195 East Ocotillo Avenue
Taquitz Canyon River Estates
Palm Springs, CA
Updated October 20 at 1:49am UTC
3 Bedrooms
$5,700
388 W STEVENS
Vista Las Palmas
Palm Springs, CA
Updated November 21 at 6:46pm UTC
4 Bedrooms
$10,000
1520 SPYGLASS Plaza
Palm Springs
Palm Springs, CA
Updated November 17 at 2:12am UTC
2 Bedrooms
$3,800
564 North Cantera Circle
Palm Springs
Palm Springs, CA
Updated November 11 at 1:58am UTC
3 Bedrooms
$3,600
2939 North CHUPEROSA Road
Desert Park Estates
Palm Springs, CA
Updated November 5 at 9:21am UTC
4 Bedrooms
$6,000
2230 South PALM CANYON Drive
Canyon Corridor
Palm Springs, CA
Updated October 28 at 2:28am UTC
2 Bedrooms
$2,750
371 Desert Lakes Drive
Melody Ranch
Palm Springs, CA
Updated November 16 at 1:07am UTC
2 Bedrooms
$4,800
471 DION Drive
Midtown Palm Springs
Palm Springs, CA
Updated November 5 at 5:44pm UTC
3 Bedrooms
$4,800
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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%
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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.