26318 Desert Rose Ln
MenifeeCA92586
Cheap Homes for Rent in Canyon Lake, CA from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Canyon Lake.
32982 Maiden Ln
Lake ElsinoreCA92530
26491 Harrisburg Dr
MenifeeCA92586
30205 Chamonix Cir
MenifeeCA92585
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.
26221 Painted Daisy Cir
MenifeeCA92584
31133 Antares St
MenifeeCA92584
27219 El Puente St
MenifeeCA92586
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$2,0502 Bedroom Apartments Available Now
23149 Biggs Ln
23149 Biggs LnCanyon Lake, CA 92587
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.
27271 Prominence Rd
MenifeeCA92586
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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 | $1,897 | $1,800 | $1,995 |
| Canyon Lake 3 Bedroom Homes for Rent | $3,019 | $2,300 | $3,725 |
| Canyon Lake 4 Bedroom Homes for Rent | $3,177 | $2,695 | $3,500 |
| Canyon Lake 5 Bedroom Homes for Rent | $3,573 | $3,300 | $3,999 |
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
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Canyon Lake, CA Local Guide
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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 $1,475. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Hills Apartments | Summit | 1BR,1BA | $1,475 |
| Regency Apartments | Plan A | 1BR,1BA | $1,525 |
| Grand Oaks Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Canyon Lake, CA and Nearby
As of April 04, 2026 the best value apartment in the Canyon Lake area is the $2.06 price per square foot Plan 1 Model at Tricon Winchester in the in the Mystic Point neighborhood starting from $3,159. The second greatest value Canyon Lake apartment is the Plan 1 Model at Tricon Menifee starting at $3,119 with a $2.14 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 | $2.06 |
| Tricon Menifee | Plan 1 | 3BR,2.5BA | $2.14 |
| Gables Oak Creek | Engelmann | 3BR,2BA | $2.06 |
| Avila Apartment Homes | 3 Bedrooms, 2 full, 1154 sqft | 3BR,2BA | $2.25 |
| Arbors at California Oaks | The Cedar with Washer & Dryer | 2BR,2BA | $2.35 |
| Lakeridge Apartments | 2x1.5 | 2BR,1.5BA | $2.11 |
| Sun City Gardens - 55+ Active Adult Apartments | One Bedroom - A | 1BR,1BA | $2.06 |
| Dakota Apartments | A1 | 1BR,1BA | $2.39 |
| Regency Apartments | Plan A | 1BR,1BA | $2.03 |
| The Enclave at Menifee | Monet | 1BR,1BA | $2.40 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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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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 47 Apartments for Rent in Canyon Lake, CA with pricing that ranges from $1,375 to $4,601. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $850 to $3,999.
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 $850 to $3,999 with an average monthly rent of $2,649.
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 $4,159, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $3,725. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $3,249.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.