Palm Springs, Florida 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 Springs, Florida rental market.
Palm Springs, Florida
Average Apartment Rent
$2,291
Y-o-Y Change in Average
Apartment Rent
0.3%
As of May 2026
Compared to a year ago, Palm Springs, Florida apartments have recorded a 0.3% rent increase.
Palm Springs, Florida Average apartment rent trend
Palm Springs, Florida Average Apartment Rent
Palm Springs, Florida Apartment rent ranges
At 42.51%, apartments priced $2,000 - $2,500 represent the bulk of Palm Springs, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.61%.
Palm Springs, Florida Housing tenure**
Renters take up 55% of Palm Springs, Florida real estate, occupying a total of 4,852 units, while homeowners live in 3,948 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$50,441
Average household size of renter-occupied housing units**
3.06
Rental vacancy rate**
4%
Palm Springs, Florida Renter-occupied housing units by no. of bedrooms**
There are 2,768 rentals in Palm Springs, Florida with 2 beds making up the highest share of the market, at 57%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 85 units. Overall, the median number of rooms in Palm Springs, Florida homes for rent is 4.1.
Palm Springs, Florida Renter-occupied units by age of householder**
Most condos for rent in Palm Springs, Florida are occupied by residents in the 45 - 54 years age group (26%), followed by those in the 35 - 44 years age group (26%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Palm Springs, Florida Renter-occupied housing units by family type**
Palm Springs, Florida Renter-occupied housing units by the presence of own children**
A total of 3,388 apartments for rent in Palm Springs, Florida, or 70% of all rentals are family households. Additionally, 45% of rental homes include children under the age of 18 – that’s 2,173 units. All in all, the median size of a renter-occupied household in Palm Springs, Florida is 3.06.
Palm Springs, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 15% of the rental market. In contrast, residents with less than a high school degree reside in 27% of the homes for rent in Palm Springs, Florida.
Palm Springs, Florida Renter-occupied units by year structure built**
The highest share of Palm Springs, Florida apartment rentals, namely 31% or 1,517 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 779 units), and the ones Built 1960 - 1969 (16%, 764 units).
Palm Springs, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Palm Springs, Florida renters (48%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Palm Springs, Florida condos for rent is 2017.
Palm Springs, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Palm Springs, Florida renters have 2 vehicles available per household, 41% of them have 1 vehicle available, and 9% have No vehicle available.
Palm Springs, Florida Means of transportation to work of householders living in renter-occupied housing units**
Palm Springs, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Springs, Florida 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
