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

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

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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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

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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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. Regency Apartments in the The Boulders neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,525. 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
Regency ApartmentsPlan A1BR,1BA$1,525
Crescent Heights Luxury Apartment HomesStudio FlatStudio,1BA$1,595
55+ FountainGlen Grand IsleAntigua1BR,1BA$1,764
Cantabria ApartmentsLeon1BR,1BA$1,800

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

As of January 02, 2026 the best value apartment in the Canyon Lake area is the $2.04 price per square foot Plan 1 Model at Tricon Winchester in the in the Mystic Point neighborhood starting from $3,119. The second greatest value Canyon Lake apartment is the Duet 2 Model at Tricon Menifee starting at $3,329 with a $2.18 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$2.04
Tricon MenifeeDuet 23BR,2.5BA$2.18
Avila Apartment HomesC1u3BR,2BA$2.34
Rivers EdgeThe Craftsman2BR,2BA$2.32
Gables Oak CreekChestnut2BR,2BA$2.18
Grand Oaks Apartments3 Bed 2 Bath3BR,2BA$2.09
Villagio ApartmentsSeville3BR,2BA$2.38
Lakeridge Apartments2x1.52BR,1.5BA$2.22
Cantabria ApartmentsBurgos1BR,1BA$2.35
Regency ApartmentsPlan A1BR,1BA$2.03

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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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!

Explore Canyon Lake, CA Rentals by Map

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

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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 $1,675 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!