Cheap Apartments for Rent in Canyon Lake, CA from $1,300 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Canyon Lake.

close
View Me
55+ FountainGlen Grand Isle
1 to 2 Bedroom Apartments

55+ FountainGlen Grand Isle

24405 Village Walk PlMurrieta, CA 92562
Senior Living
  • Utilities Included
close
View Me
The Hunt Club
2 Bedroom Apartments

The Hunt Club

1355 S Perris BlvdPerris, CA 92570
Showing Results 1-22, Page 1 of 1

Canyon Lake, CA Local Guide

Cheapest Available Canyon Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canyon Lake, CA is a 1 Bed unit found at Country Hills Apartments in the The Boulders neighborhood priced from $1,375. Crescent Heights Luxury Apartment Homes in the Estrella Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Hills ApartmentsMesa1BR,1BA$1,375
Crescent Heights Luxury Apartment HomesStudio FlatStudio,1BA$1,595
Waterstone at Murrieta1x11BR,1BA$1,699
Sun City Gardens - 55+ Active Adult ApartmentsOne Bedroom - B1BR,1BA$1,700
Arbors at California OaksThe Aspen1BR,1BA$1,749

Best Value Apartments for Rent in Canyon Lake, CA and Nearby

As of November 11, 2025 the best value apartment in the Canyon Lake area is the $2.10 price per square foot Plan 1 Model at Tricon Winchester in the in the Mystic Point neighborhood starting from $3,219. The second greatest value Canyon Lake apartment is the Duet 1 Model at Tricon Menifee starting at $3,199 with a $2.20 price per square foot in the The Grand neighborhood. Here is today’s list of the best values for Canyon Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tricon WinchesterPlan 13BR,2.5BA$2.10
Tricon MenifeeDuet 13BR,2.5BA$2.20
Gables Oak CreekEngelmann3BR,2BA$1.93
Avila Apartment HomesC1d - 1114 - Carport3BR,2BA$2.30
Vista PointeEvergreen3BR,2BA$2.44
Gables Alta Murrieta2BDA2BR,2BA$2.33
Lakeridge Apartments2x1.52BR,1.5BA$2.05
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1.5BA$2.09
Villagio ApartmentsBarcelona2BR,1BA$2.41
Antelope Ridge ApartmentsA2 (Oryx)1BR,1BA$2.41

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Canyon Lake, CA

Ranked #605

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Canyon Lake, CA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Canyon Lake, CA

View Map
Canyon Lake, CA Apartments Map
View Map
Canyon Lake, CA Rental Homes Map

Getting Around Canyon Lake, CA

Walk Score®

32 / 100

Car-Dependent

Most errands require a car

Bike Score®

18 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Canyon Lake Apartments

How much is rent for a Cheap One Bedroom Canyon Lake Apartment?

The lowest price for a Cheap One Bedroom Canyon Lake Apartment is $1,375 at Country Hills Apartments.

What is the lowest price for a Cheap Two Bedroom Canyon Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Canyon Lake is starting from $1,835 at Grand Oaks Apartments.

What is the most affordable Canyon Lake Three Bedroom Apartment?

The best deal on a cheap Canyon Lake Three Bedroom Apartment rental is at Villagio Apartments and starts from $2,270.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.