$1,400 Per Month
- 1 Bed
- 1.5 Baths
- 790 Sq Ft
- Condo for Rent
705 Lori Dr Unit 315, Palm Springs, FL 33461
705 Lori Dr Unit 315, Palm Springs, FL 33461
Frequently Asked Questions
How much does it cost to rent a condo in Palm Springs, FL?
The median rent for a condo in Palm Springs, FL is $1,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Palm Springs, FL?
To comfortably afford the median rent in Palm Springs, FL, a household needs to earn roughly $84,000 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 $2,100 per month in Palm Springs, FL, renters typically need to show $6,300 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, FL?
In Palm Springs, FL, the price-to-rent ratio is 10.9, 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, FL are best for renting a condo?
The best neighborhood for renting in Palm Springs, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Lake Worth Corridor, Forest Hill, Cresthaven Boulevard, ROLO and Royal Poinciana, each with its own character and price range.
