yes! PostgreSQL can be installed on your machine. I don't know what OS you have so I'll just assume it's Windows.
Here are a couple places that could help you, depending on what you are doing:
http://pginstaller.projects.postgresql.org/faq/FAQ_windows.html
http://www.sitepoint.com/article/use-postgresql-php-windows
http://www.patheticcockroach.com/mpam4/?p=76
EDIT: here is another (I know they are mostly PHP geared but the PostgreSQL part should help)
http://www-it.hive.no/database/pgsql/postgresql-tutorial/index.html
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