Palm Desert, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Palm Desert, California rental market.
Palm Desert, California
Average Apartment Rent
$2,196
Y-o-Y Change in Average
Apartment Rent
-1.3%
As of November 2024
Compared to a year ago, Palm Desert, California apartments have recorded a -1.3% rent decrease.
Palm Desert, California Average apartment rent trend
Palm Desert, California Average Apartment Rent
Palm Desert, California Apartment rent ranges
At 61.68%, apartments priced Over $2,000 represent the bulk of Palm Desert, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.27%.
Palm Desert, California Housing tenure**
Renters take up 34% of Palm Desert, California real estate, occupying a total of 8,195 units, while homeowners live in 15,934 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$47,024
Average household size of renter-occupied housing units**
2.12
Rental vacancy rate**
8%
Palm Desert, California Renter-occupied housing units by no. of bedrooms**
There are 4,288 rentals in Palm Desert, California with 2 beds making up the highest share of the market, at 52%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 293 units. Overall, the median number of rooms in Palm Desert, California homes for rent is 4.
Palm Desert, California Renter-occupied units by age of householder**
Most condos for rent in Palm Desert, California are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Palm Desert, California Renter-occupied housing units by family type**
Palm Desert, California Renter-occupied housing units by the presence of own children**
A total of 3,985 apartments for rent in Palm Desert, California, or 49% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 2,149 units. All in all, the median size of a renter-occupied household in Palm Desert, California is 2.12.
Palm Desert, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Palm Desert, California.
Palm Desert, California Renter-occupied units by year structure built**
The highest share of Palm Desert, California apartment rentals, namely 28% or 2,316 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (23%, 1,893 units), and the ones Built 1990 - 1999 (17%, 1,403 units).
Palm Desert, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Palm Desert, California renters (45%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Palm Desert, California condos for rent is 2017.
Palm Desert, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Palm Desert, California renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 8% have No vehicle available.
Palm Desert, California Means of transportation to work of householders living in renter-occupied housing units**
Palm Desert, California Geographical mobility in the past year for householders living in renter-occupied housing units**
Palm Desert, California Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Palm Desert, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
