Cheap Apartments for Rent in Canyon Lake, CA from $1,300 (18 Rentals)

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

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

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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. Sun City Gardens - 55+ Senior Apartments in the Ashton Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. 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
Sun City Gardens - 55+ Senior ApartmentsStudioStudio,1BA$1,650
Arbors at California OaksThe Aspen1BR,1BA$1,705
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1BA$1,710
Crescent Heights Luxury Apartment HomesStudio FlatStudio,1BA$1,740

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

As of June 08, 2025 the best value apartment in the Canyon Lake area is the $2.25 price per square foot Plan 1 Model at Tricon Menifee in the in the Vista Del Valle neighborhood starting from $3,279. The second greatest value Canyon Lake apartment is the Evergreen Model at Vista Pointe starting at $2,650 with a $2.39 price per square foot in the Estrella Hills 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 MenifeePlan 13BR,2.5BA$2.25
Vista PointeEvergreen3BR,2BA$2.39
Rivers EdgeThe Foursquare2BR,2BA$2.08
Gables Oak CreekChestnut2BR,2BA$2.23
Gables Alta Murrieta2BDM2BR,2BA$2.34
Lakeridge Apartments2x12BR,1BA$2.31
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1.5BA$1.94
Shoreline ApartmentsAlcove2BR,1.5BA$2.47
Cantabria ApartmentsBurgos1BR,1BA$2.44
Laurel Palms Apartments1BR/1BA1BR,1BA$2.48

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Canyon Lake, CA

Ranked #484

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

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+ Senior Apartments listed at $1,650.

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 $1,710 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 Crescent Heights Luxury Apartment Homes and starts from $2,450.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.