Cheap Apartments for Rent in Canyon Lake, CA from $1,300 (21 Rentals)

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

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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

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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The Hunt Club
2 Bedroom Apartments

The Hunt Club

1355 S Perris BlvdPerris, CA 92570
Showing Results 1-21, 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. Regency Apartments in the The Boulders neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,675. 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 B2BR,1BA$1,675
Crescent Heights Luxury Apartment HomesStudio FlatStudio,1BA$1,740
55+ FountainGlen Grand IsleAntigua1BR,1BA$1,778
Shoreline ApartmentsPier1BR,1BA$1,799

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

As of September 07, 2025 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 1 Model at Tricon Menifee starting at $3,239 with a $2.22 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 13BR,2.5BA$2.22
Gables Oak CreekChestnut2BR,2BA$2.08
Avila Apartment HomesB2d - SPECIAL - 22122BR,2BA$2.34
Lakeridge Apartments2x1.52BR,1.5BA$2.22
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1.5BA$2.09
Regency ApartmentsPlan B2BR,1BA$1.97
Antelope Ridge ApartmentsA2 (Oryx)1BR,1BA$2.42
Cantabria ApartmentsBurgos1BR,1BA$2.44
RidgestoneA11BR,1BA$2.50

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Pet Friendly Lifestyle
Canyon Lake, CA

Ranked #650

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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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 $1,675 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 Villagio Apartments and starts from $2,370.

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.

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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.