Cheap Apartments for Rent in Canyon Lake, CA from $1,300 (23 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Ridgestone
Rent Specials
$1,880 - $8,325
Total Monthly Price

Total Monthly Price

Base Rent
$1,880 - $8,325
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Ridgestone

39415 Ardenwood WayLake Elsinore, CA 92532
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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55+ FountainGlen Grand Isle
1 to 2 Bedroom Apartments

55+ FountainGlen Grand Isle

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

The Hunt Club

1355 S Perris BlvdPerris, CA 92570

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-23, 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. Sun City Gardens - 55+ Active Adult Apartments in the Ashton Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Hills ApartmentsSummit1BR,1BA$1,375
Sun City Gardens - 55+ Active Adult ApartmentsStudioStudio,1BA$1,450
Regency ApartmentsPlan A1BR,1BA$1,525
Grand Oaks Apartments1 Bed 1 Bath1BR,1BA$1,600
Arbors at California OaksThe Aspen1BR,1BA$1,743

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

As of June 26, 2026 the best value apartment in the Canyon Lake area is the $2.17 price per square foot Plan 1 Model at Tricon Winchester in the in the Mystic Point neighborhood starting from $3,319. The second greatest value Canyon Lake apartment is the Plan 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$2.17
Tricon MenifeePlan 13BR,2.5BA$2.20
Vista PointeEvergreen3BR,2BA$2.39
Gables Oak CreekChestnut2BR,2BA$2.06
Gables Alta Murrieta2BDA2BR,2BA$2.40
Shoreline ApartmentsAlcove2BR,1.5BA$2.41
Oak Springs Ranch1B1BR,1BA$2.56
Dakota ApartmentsA11BR,1BA$2.52
Regency ApartmentsPlan A1BR,1BA$2.03
The Enclave at MenifeeMonet1BR,1BA$2.53

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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

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Frequently Asked Questions about Cheap Canyon Lake Apartments

What is the Cheapest Studio apartment in Canyon Lake?

Currently the most affordable Cheap Studio Apartment in Canyon Lake is at Sun City Gardens - 55+ Active Adult Apartments listed at $1,450.

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 $1,625 at Regency 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 $2,385.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.