29677 Cool Meadow Dr
MenifeeCA92584
Cheap Homes for Rent in Canyon Lake, CA from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Canyon Lake.
26553 Rosebay Way
MenifeeCA92585
29422 Wildcat Canyon Rd
Canyon LakeCA92587
31766 Canyon Ridge Dr
Lake ElsinoreCA92532
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.
27456 Alta Vista Way
MenifeeCA92585
25134 Sand Wedge Dr
MenifeeCA92586
17650 Grand Ave
Lake ElsinoreCA92530
23156 Skylink Dr
Canyon LakeCA92587
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
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 | $2,537 | $2,300 | $2,950 |
| Canyon Lake 3 Bedroom Homes for Rent | $3,329 | $1,000 | $6,500 |
| Canyon Lake 4 Bedroom Homes for Rent | $3,345 | $3,000 | $3,899 |
| Canyon Lake 5 Bedroom Homes for Rent | $4,749 | $3,500 | $5,999 |
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 $1,375. Arbors at California Oaks in the Estrella Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,649. 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 | Mesa | 1BR,1BA | $1,375 |
| Arbors at California Oaks | The Aspen | 1BR,1BA | $1,649 |
| Sun City Gardens - 55+ Senior Apartments | Studio | Studio,1BA | $1,650 |
Best Value Apartments for Rent in Canyon Lake, CA and Nearby
As of June 20, 2025 the best value apartment in the Canyon Lake area is the $2.23 price per square foot Plan 1 Model at Tricon Menifee in the in the The Grand neighborhood starting from $3,249. The second greatest value Canyon Lake apartment is the Chestnut Model at Gables Oak Creek starting at $2,558 with a $2.45 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tricon Menifee | Plan 1 | 3BR,2.5BA | $2.23 |
| Gables Oak Creek | Chestnut | 2BR,2BA | $2.45 |
| Gables Alta Murrieta | 2BDM | 2BR,2BA | $2.30 |
| Vista Pointe | Bamboo | 2BR,2BA | $2.36 |
| Lakeridge Apartments | 2x1 | 2BR,1BA | $2.31 |
| Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.94 |
| Shoreline Apartments | Marina | 2BR,1.5BA | $2.47 |
| Lakehouse Apartments | 2x1 | 2BR,1BA | $2.41 |
| Cantabria Apartments | Burgos | 1BR,1BA | $2.44 |
| Laurel Palms Apartments | 1BR/1BA | 1BR,1BA | $2.48 |
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Frequently Asked Questions about Canyon Lake
What type of rentals are currently available in Canyon Lake?
There are currently 45 Apartments for Rent in Canyon Lake, CA with pricing that ranges from $1,375 to $5,861. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $750 to $6,500.
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 $750 to $6,500 with an average monthly rent of $2,897.
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 $5,861, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,449.
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.
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.
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.
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.
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.