30639 Champion Dr
Canyon LakeCA92587
Cheap Homes for Rent in Canyon Lake, CA from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Canyon Lake.
207 E Graham Ave
Lake ElsinoreCA92530
24755 Ganymede Wy
MenifeeCA92586
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
150 E Lakeshore Dr
Lake ElsinoreCA92530
29272 Murrieta Rd
MenifeeCA92586
26772 Sun City Blvd
MenifeeCA92586
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
26217 Birkdale Rd
MenifeeCA92586
Showing Results 1-7, Page 1 of 1
Canyon Lake, CA Local Guide
Poppies open in the morning sun by Rennett Stowe is licensed under CC BY 2.0
How much does it cost to rent a home in Canyon Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canyon Lake 2 Bedroom Homes for Rent | $2,071 | $1,700 | $2,700 |
| Canyon Lake 3 Bedroom Homes for Rent | $3,365 | $2,578 | $7,500 |
| Canyon Lake 4 Bedroom Homes for Rent | $3,651 | $2,999 | $4,995 |
| Canyon Lake 5 Bedroom Homes for Rent | $3,959 | $1,200 | $7,499 |
| Canyon Lake 6 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Canyon Lake
Explore Canyon Lake
Canyon Lake, CA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Perris neighborhood priced from $1,375. Regency Apartments in the Perris 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Hills Apartments | Summit | 1BR,1BA | $1,375 |
| Regency Apartments | Plan A | 1BR,1BA | $1,525 |
| Crescent Heights Luxury Apartment Homes | Studio Loft | Studio,1BA | $1,745 |
Best Value Apartments for Rent in Canyon Lake, CA and Nearby
As of August 20, 2026 the best value apartment in the Canyon Lake area is the $2.24 price per square foot Plan 1 Model at Tricon Winchester in the in the Mystic Point neighborhood starting from $3,439. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tricon Winchester | Plan 1 | 3BR,2.5BA | $2.24 |
| Tricon Menifee | Plan 1 | 3BR,2.5BA | $2.20 |
| Vintara Apartments | C1 | 3BR,2BA | $2.10 |
| The Max on Jefferson | 2x2 B | 2BR,2BA | $2.35 |
| Gables Oak Creek | Chestnut | 2BR,2BA | $2.28 |
| Bell Murrieta Springs | B2C | 2BR,2BA | $2.16 |
| Grand Oaks Apartments | 3 Bed 2 Bath | 3BR,2BA | $2.09 |
| Gables Alta Murrieta | 2BDM | 2BR,2BA | $2.24 |
| Lakeridge Apartments | Duval | 2BR,2BA | $2.32 |
| Regency Apartments | Plan A | 1BR,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.
Read Article
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.
Read Article
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.
Let everyone know!
Do you know the Canyon Lake area?
If you’re an expert on all things Canyon Lake, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Canyon Lake, CA Rentals by Map
See the most popular apartments and homes in Canyon Lake, CA
Frequently Asked Questions about Canyon Lake
What type of rentals are currently available in Canyon Lake?
There are currently 48 Apartments for Rent in Canyon Lake, CA with pricing that ranges from $1,375 to $4,094. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $1,200 to $7,500.
What is the current price range for Rental Homes in Canyon Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Canyon Lake ranges from $1,200 to $7,500 with an average monthly rent of $2,936.
How much are larger Three and Four Bedroom Rentals in Canyon Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Canyon Lake range from $1,900 to $4,094, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,578 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,999 and Four Bedroom Apartments start at $3,399.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.