$2,295 Per Month
- 3 Beds
- 2 Baths
- 1,200 Sq Ft
- Apartment for Rent
686 E Cottonwood Rd Unit 1, Palm Springs, CA 92262
686 E Cottonwood Rd Unit 1, Palm Springs, CA 92262
Frequently Asked Questions
How much does it cost to rent a home in Palm Springs, CA?
The median rent for a home in Palm Springs, CA is $3,095 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Palm Springs, CA?
To comfortably afford the median rent in Palm Springs, CA, a household needs to earn roughly $123,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,095 per month in Palm Springs, CA, renters typically need to show $9,285 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Palm Springs, CA?
In Palm Springs, CA, the price-to-rent ratio is 17.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Palm Springs, CA are best for renting a home?
The best neighborhood for renting in Palm Springs, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Gene Autry, Desert Princess Country Club, Ranch Club Estates, Four Seasons and Rio Vista, each with its own character and price range.
