Cheap Apartments for Rent in Canyon Lake, CA from $1,300 (40 Rentals)

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

property at 29984 Big Range Rd

$1,775

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Base Rent
$1,775
Total Monthly Price
$1,775

1 Bedroom, 1 Bath Home for Rent

Available Now

29984 Big Range Rd

Canyon LakeCA92587

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
$1,883 - $5,147
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$1,883 - $5,147
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1 to 3 Bedroom Apartments Available Now

Ridgestone

39415 Ardenwood WayLake Elsinore, CA 92532
Affordability
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  • 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Avila Apartment Homes
Rent Specials
$2,095 - $2,495
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$2,095 - $2,495
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1 to 3 Bedroom Apartments Contact Us For Availability

Avila Apartment Homes

28155 Encanto DrMenifee, CA 92586
Luxury
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Oak Springs Ranch
Rent Specials
$2,100 - $5,695
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$2,100 - $5,695
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1 to 3 Bedroom Apartments Available Now

Oak Springs Ranch

24055 Clinton Keith RdWildomar, CA 92595
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Jefferson Avena
Rent Specials
$2,102 - $3,445
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$2,102 - $3,445
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1 to 3 Bedroom Apartments Available Now

Jefferson Avena

30950 Hanover LnMenifee, CA 92584
Family Friendly
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
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The Hunt Club
2 Bedroom Apartments

The Hunt Club

1355 S Perris BlvdPerris, CA 92570

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-40, 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 Studio unit found at Sun City Gardens - 55+ Active Adult Apartments in the Ashton Hills neighborhood priced from $1,450. Country Hills Apartments in the The Boulders neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,475. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sun City Gardens - 55+ Active Adult ApartmentsStudioStudio,1BA$1,450
Country Hills ApartmentsSummit1BR,1BA$1,475
Regency ApartmentsPlan A1BR,1BA$1,525
Crescent Heights Luxury Apartment HomesStudio LoftStudio,1BA$1,695
Arbors at California OaksThe Aspen1BR,1BA$1,815
Villagio ApartmentsValencia1BR,1BA$1,840
55+ FountainGlen Grand IsleAntigua1BR,1BA$1,845
RidgestoneA11BR,1BA$1,883
Sonoma at Mapleton ApartmentsNapa1BR,1BA$1,884
Dakota ApartmentsA11BR,1BA$1,895

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

As of May 06, 2026 the best value apartment in the Canyon Lake area is the $2.09 price per square foot Plan 1 Model at Tricon Winchester in the in the Mystic Point neighborhood starting from $3,199. The second greatest value Canyon Lake apartment is the Plan 1 Model at Tricon Menifee starting at $3,099 with a $2.13 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$2.09
Tricon MenifeePlan 13BR,2.5BA$2.13
Gables Oak CreekEngelmann3BR,2BA$2.20
Antelope Ridge ApartmentsB4 (Impala)2BR,2BA$2.16
Vista PointeEvergreen3BR,2BA$2.43
Grand Oaks Apartments3 Bed 2 Bath3BR,2BA$2.09
Waterstone at Murrieta2x12BR,1BA$2.52
Dakota ApartmentsA11BR,1BA$2.52
Regency ApartmentsPlan A1BR,1BA$2.03
RidgestoneA11BR,1BA$2.54

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 $1,475 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 Grand Oaks Apartments and starts from $2,135.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.