$3,200 Per Month
- 2 Beds
- 2.5 Baths
- 2,593 Sq Ft
- Condo for Rent
1533 E Canyon Estates Dr, Palm Springs, CA 92264
1533 E Canyon Estates Dr, Palm Springs, CA 92264
Frequently Asked Questions
How much does it cost to rent a condo in Palm Springs, CA?
The median rent for a condo in Palm Springs, CA is $2,200 per month, though prices vary by neighborhood, size, and property type. As of August 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 $130,000 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 $3,250 per month in Palm Springs, CA, renters typically need to show $9,750 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 16.4, 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 condo?
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 condo include South Palm Springs, Sonora Sunrise, Warm Sands, Canyon Corridor and Downtown Palm Springs, each with its own character and price range.
